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Over the last 5-days of trading, $AAL stock share price went down by almost 5%. - 2
$AAL stock saw a significant rise of more than 20% in the past couple of months on the NASDAQGS.
American Airlines Group Inc. (NASDAQ:AAL) is a holding company. The company engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm is headquartered in Fort Worth, Texas and offers air transportation for passengers and cargo.
On Thursday, the company announced that Greg Smith has been named independent Chairman of the company’s Board of Directors. Smith will assume the role on April 30th following the retirement of current chairman and former American Airlines CEO Doug Parker. And the longtime board members Ray Robinson and Jim Albaugh will retire from the board at the end of current term.
$AAL stock price analysis
Last week, $AAL stock recorded its high at $16.83 and low at $15.38. The stock closed at $15.56, with a decline of around 1.95% in its share price. The year to date price analysis of $AAL stock shows an increase of around 20%, according to the data sourced from Tradingview.
Revenue of the company for the same period amounts to $13.19 billion despite the estimated figure of $13.07 billion. Estimated revenue is expected to reach $12.24 billion.
Currently, the market cap of AAL is $10.314 billion, while the next earnings date of American Airlines Group, Inc is April 20th and the estimation is $0.01.
An analysis report on AAL
According to Yahoo Finance, “American Airlines Group appears to be expensive as per multiple models, which makes a comparison between the company’s price-to-earnings ratio and the industry average. In this instance, the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows.”
“American Airlines Group’s ratio of 79.72x is above its peer average of 19.78x, which suggests the stock is trading at a higher price compared to the Airlines industry,” as mentioned in the analysis report.
The report further noted that “American Airlines Group’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower and give investors another chance to buy in the future.”
Disclaimer
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Source: https://www.thecoinrepublic.com/2023/02/25/aal-stock-price-analysis-indicates-5-decline-in-one-week/