ALGT Stock Summary and Trading Ideas (Allegiant Travel Company | NASDAQ:ALGT)

Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Allegiant Travel Company trades on the NASDAQ stock market under the symbol ALGT.

As of February 5, 2025, ALGT stock price declined to $83.93 with 1,183,778 million shares trading.

ALGT has a beta of 0.87, meaning it tends to be less sensitive to market movements. ALGT has a correlation of 0.04 to the broad based SPY ETF.

ALGT has a market cap of $1.54 billion. This is considered a Small Cap stock.

Last quarter Allegiant Travel Company reported $628 million in Revenue and $2.10 earnings per share. This fell short of revenue expectation by $-995,000 and exceeded earnings estimates by $.03.

In the last 3 years, ALGT traded as high as $185.06 and as low as $36.09.

The top ETF exchange traded funds that ALGT belongs to (by Net Assets): IJR, AVUV, VTI, IWM, VB.

ALGT has underperformed the market in the last year with a price return of +7.6% while the SPY ETF gained +23.7%. However, in the short term, ALGT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +27.2% vs +6.4% return in SPY. But in the last 2 weeks, ALGT shares have been beat by the market, returning -20.3% compared to an SPY return of +0.2%.

ALGT support price is $96.52 and resistance is $101.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALGT shares will trade within this expected range on the day.