On 11/6/24, Allegiant Travel Co (NASDAQ: ALGT) stock enjoyed a major increase of 11.5%, closing at $73.87. Moreover, this advance was accompanied by unusually high trading volume at 196% of normal. The stock has risen 21.7% during the last week but has been weak relative to the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Allegiant Travel has a good Appreciation Score of 84 but a slightly negative Power Rating of 34, and the High Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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