How to Buy Alaska Air Group Stock
Alaska Air Group Inc
Alaska Air Group is a airline company located in Washington, United States, which is part of the Industrials sector, and is traded under the ticker ALK on the NYSE exchange.
Alaska Air Group stock last closed at $44.55, up 0.72% from the previous day, and has increased 4.82% in one year. It has underperformed other stocks in the Airlines industry by 0.07 percentage points. Alaska Air Group stock is currently +44.88% from its 52-week low of $30.75, and -22.09% from its 52-week high of $57.18.
There are currently 126.05M ALK shares outstanding. The market capitalization of ALK is $5.62B. In the last 24 hours, 2.78M ALK shares were traded.
How to Buy Alaska Air Group Stock
Wondering how to invest in Alaska Air Group stock? Here's how.
- Choose where to buy Alaska Air Group stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Alaska Air Group stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your method of payment and add your information.
- Analyze Alaska Air Group stock: The Alaska Air Group ticker symbol is ALK. Is Alaska Air Group stock a good investment? Should you buy shares of ALK? How do ALK's underlying business fundamentals look? Do top analysts think Alaska Air Group is a good buy? Why has ALK's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if ALK is a good stock to buy).
- Make your ALK purchase: Decide if you will purchase ALK shares at the current market price or use a limit order to buy ALK shares at a specific price.
- Keep an eye on your ALK investment: Create a watchlist to monitor your new investment in Alaska Air Group stock.
Step 1: Choose where to buy Alaska Air Group stock
You will need a brokerage account in order to access the NYSE market and buy ALK shares.
Our preferred brokerage: eToro
We believe that eToro is the best brokerage. Here's why:
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- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal information so you can buy ALK today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on apps for stocks, you can securely and quickly fund your account:
Check out the tutorial below for more details depositing funds into your new brokerage account.
Step 4: Analyze Alaska Air Group stock
Once you have decided on the best place to buy Alaska Air Group stock, it's crucial to research their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Alaska Air Group stock at a glance
ALK Fundamentals
WallStreetZen was designed to help part-time investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on ALK's stock page.
Is ALK stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ALK's intrinsic value.
Using relative valuations measures:
- ALK may be overvalued based on its P/E ratio of 24.21x, relative to Airlines industry P/E ratio of 15.88x
- ALK could be undervalued based on its P/B ratio of 1.37x, relative to Airlines industry P/B ratio of 2.95x
- ALK may be undervalued based on its PEG ratio of 0.16x
You can do more valuation analysis on ALK's stock here.
How do ALK Financials look?
Passed Health Checks:
- ALK profit margin has gone up from 0.6% to 2.3% in the past year.
- ALK has $1.79B in cash and short term investments. This is enough to cover its annual cash burn of $444.00M.
- ALK has cash burn of 444000000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- ALK has a relatively high debt to equity ratio of 2.55.
- Total ALK debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the ALK balance sheet.
- There are more short-term liabilities than short-term assets on the ALK balance sheet.
Do analysts think it's a good time to buy ALK stock
Out of 6 sell side analysts who monitor ALK, the consensus analyst rating on Alaska Air Group is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent ALK Analyst Forecasts
Michael Linenberg, a top 11% analyst from Deutsche Bank upgrades ALK to a strong buy rating and raises their ALK price target from $44.00 to $51.00, on Feb 20, 2024.
Deutsche Bank's Michael Linenberg upgraded their rating on Alaska Air Group (NYSE: ALK) from Hold to Strong Buy on 2024/02/20. The analyst also raised their price target by 15.9% from $44 to $51.
Because 2H 2023 was hit by domestic market oversupply, most airlines scaled back their growth goals, leading to a "dramatically changed" expectation for domestic capacity in 2024, Linenberg told investors.
As a result, the analyst predicted that domestic-focused brands will have strong revenue performance in 2024 as a result of "domestic unit revenue performance" driven by the "moderate domestic available seat mile growth."
Deutsche Bank upgraded Alaska Air Group, JetBlue Airways, and Southwest Airlines from Hold to Strong Buy, Linenberg noted.
You can dig deeper into what analysts are saying on the Alaska Air Group stock forecast page.
ALK Momentum
Is ALK Making Money?
Last year, ALK earnings were $235.00M. In the past five year, ALK's earnings have grown by -12.32% per year. This was slower than the Airlines industry average of -6.28%.
Last year, ALK revenue was $10.43B. In the last 5 year, ALK's revenue has gone up by 4.76% per year. This was slower than the Airlines industry average of 5.24%.
You can research ALK's earnings and revenue performance here.
What are ALK executives and large shareholders up to?
In the past year, insiders at ALK have sold more shares than they have bought.
Muehlen Constance E. Von, EVP AND COO of ALK, was the latest ALK insider to sell. They sold $51,889.32 worth of ALK shares on Apr 3, 2024.
Research more about who owns ALK shares here.
Does ALK stock generate passive income?
No, Alaska Air Group doesn't provide an income stream by paying out dividends.
What others are saying about ALK
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your ALK purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you want more help with investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your ALK investment
Now that you own some ALK stock, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to get alerted to the latest events about your ALK stock.
ALK Feed
How to Buy Stock in Alaska Air Group
To summarize, here are the 6 steps to buy stock in Alaska Air Group:
- Choose where to buy Alaska Air Group stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Alaska Air Group stock
- Make your ALK purchase
- Keep an eye on your ALK investment
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Alaska Air Group, create a watchlist on WallStreetZen today.
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