How to Buy Allegiant Travel Co Stock
Allegiant Travel Co
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States.
Allegiant Travel Co stock last closed at $108.23, up 5.12% from the previous day, and has decreased 26.4% in one year. It has underperformed other stocks in the Airlines industry by 0.25 percentage points. Allegiant Travel Co stock is currently +71.96% from its 52-week low of $62.94, and -27.39% from its 52-week high of $149.05.
As of Jun 6, 2023, there are 18.43M ALGT shares outstanding. The market capitalization of ALGT is $1.99B. In the past 24 hours, 192,998 ALGT shares were traded.
How to Buy Allegiant Travel Co Stock
Wondering how to invest in Allegiant Travel Co stock? Here's how.
- Figure out where to buy Allegiant Travel Co stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Allegiant Travel Co stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Evaluate Allegiant Travel Co stock: The Allegiant Travel Co ticker symbol is ALGT. Is Allegiant Travel Co stock a good investment? Should you buy shares of ALGT? How do ALGT's underlying business fundamentals look? Do top analysts think Allegiant Travel Co is a good buy? Why has ALGT's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if ALGT is a good stock to buy).
- Execute your ALGT trade: Decide if you will purchase ALGT shares at the current market price or use a limit order to purchase ALGT stock at a specific price.
- Track your ALGT investment: Create a watchlist to watch your investment in Allegiant Travel Co shares.
Step 1: Figure out where to buy Allegiant Travel Co stock
You need an online brokerage account in order to access the NASDAQ market and buy ALGT shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can invest in ALGT today.
How to Set Up a New Account on eToro
- Click here to get started.
- Enter your personal info to create a new trading account.
- Submit your information by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have opened your account on the best stock trading app for beginners, you need to deposit funds:
Watch the video below to see the process of transferring money into your brokerage account.
Step 4: Evaluate Allegiant Travel Co stock
After you have selected the best place to buy Allegiant Travel Co stock, it's very important to evaluate their stock prior to buying, so you can understand the risk and opportunity.
Allegiant Travel Co shares at a glance
ALGT Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on ALGT's stock page.
What is the fair value of ALGT stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ALGT's fair value.
Using relative valuations ratios:
- ALGT may be overvalued based on its P/E ratio of 29.49x, relative to Airlines industry P/E ratio of 10.67x
- ALGT may be undervalued based on its P/B ratio of 1.57x, relative to Airlines industry P/B ratio of 12.6x
- ALGT could be undervalued based on its PEG ratio of 0.21x
You can do more valuation research on ALGT's stock here.
ALGT Financials at a glance
Signs that ALGT is financially healthy:
- ALGT has cash burn of 150465000. It has sufficient cash and short-term investments to cover this for at least one year.
- ALGT has $1.03B in cash and short term investments. This is sufficient to cover its annual cash burn of $150.47M.
- There are more short-term assets than short-term liabilities on the ALGT balance sheet.
- Total ALGT debt is lower than 5 years ago, relative to shareholder equity.
Signs that ALGT is not financially healthy:
- ALGT profit margin has gone down from 7.1% to 2.7% in the past year.
- ALGT has a relatively high debt to equity ratio of 2.68.
- There are more long-term liabilities than short-term assets on the ALGT balance sheet.
Is ALGT stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Wall Street analysts who track ALGT, the consensus analyst rating on ALGT is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest ALGT Analyst Upgrades/Downgrades
Savanthi Syth, a top 5% analyst from Raymond James maintains ALGT with a buy rating and raises their ALGT price target from $118.00 to $123.00, on May 15, 2023.
Catherine O'Brien, a top 16% analyst from Goldman Sachs maintains ALGT with a strong buy rating and raises their ALGT price target from $97.00 to $126.00, on May 4, 2023.
Andrew Didora, a bottom 2% analyst from Bank of America downgrades ALGT to a sell rating and lowers their ALGT price target from $95.00 to $75.00, on May 1, 2023.
Brandon Oglenski, a bottom 8% analyst from Barclays downgrades ALGT to a hold rating and raises their ALGT price target from $96.00 to $105.00, on Mar 10, 2023.
Michael Linenberg, a top 9% analyst from Deutsche Bank maintains ALGT with a hold rating and raises their ALGT price target from $75.00 to $85.00, on Feb 2, 2023.
You can dig deeper into what analysts are projecting on the Allegiant Travel Co stock forecast page.
ALGT Technical Indicators
ALGT Earnings
Last year, ALGT earnings were $66.52M. During the past 5 year, ALGT's earnings have grown by -22.35% per year. This was faster than the Airlines industry average of -28.09%.
Last year, ALGT revenue was $2.45B. Over the past five year, ALGT's revenue has gone up by 9.51% per year. This was faster than the Airlines industry average of 1.09%.
Learn more about ALGT's earnings and revenue performance here.
Latest Insiders Trades at ALGT
Over the past 12 months, insiders at ALGT have sold more shares than they have bought.
John Redmond, CEO of ALGT, was the latest ALGT insider to sell. They sold $1,007,801.75 worth of ALGT shares on Jun 2, 2023.
Get more info about who owns ALGT stock here.
Does ALGT provide a stable income stream?
No, Allegiant Travel Co doesn't provide an income stream by paying out dividends.
What do other investors have to say about ALGT?
One of the biggest 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: Execute your ALGT trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open button and your broker will place your order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Track your ALGT investment
Now that you own some shares in ALGT, you'll want to keep up with your new stock purchase.
Add ALGT to a watchlist to get the latest updates about your ALGT stock.
ALGT Feed
How to Buy Stock in Allegiant Travel Co
To reiterate, here are the 6 steps to buy Allegiant Travel Co stock:
- Figure out where to buy Allegiant Travel Co stock
- Create your brokerage account
- Deposit funds into your investment account
- Evaluate Allegiant Travel Co stock
- Execute your ALGT trade
- Track your ALGT investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Allegiant Travel Co, get started below.
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