On 8/1/24, Allegiant Travel Co (NASDAQ: ALGT) stock suffered a major decline of -11.1%, closing at $49.83. Moreover, this decline was accompanied by exceptionally high trading volume at 210% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 3.7% during the last week.
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 89 but a very low Power Rating of 3, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment