Allegiant Travel Co (NASDAQ: ALGT) has recently experienced important negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Allegiant Travel Co (NASDAQ: ALGT): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ALGT is expected to continue to be a Value Builder.
Allegiant Travel has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Allegiant Travel has a very high Appreciation Score of 92 but a very low Power Rating of 2, and the Low Neutral Value Trend Rating results.
Recent Price Action
Allegiant Travel Co (NASDAQ: ALGT) stock closed at $39.13 on 8/7/24 after a large decline of -7.5%. This decline was accompanied by normal trading volume. The stock has declined -28.7% during the last week and has been extremely weak relative to the market over the last nine months.
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