This is based on its high beta, which is a good indicator for share price volatility. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. Given that Alaska Air Group’s share is fairly volatile (i.e. If you like the stock, you may want to keep an eye out for a potential price decline in the future. The stock’s ratio of 38.35x is currently well-above the industry average of 23.12x, meaning that it is trading at a more expensive price relative to its peers. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. See our latest analysis for Alaska Air Group What Is Alaska Air Group Worth?Īlaska Air Group is currently expensive based on my price multiple model, where I look at the company's price-to-earnings ratio in comparison to the industry average. However, what if the stock is still a bargain? Today I will analyse the most recent data on Alaska Air Group’s outlook and valuation to see if the opportunity still exists. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. ( NYSE:ALK) might not be the most widely known stock at the moment, it saw a decent share price growth in the teens level on the NYSE over the last few months. VanHerck added that while he knew China had a high-altitude balloon program before the incident, he wasn’t aware that multiple balloons had flown over the U.S.While Alaska Air Group, Inc. officials and one former senior administration official told NBC News in April.

The balloon was able to gather intelligence from several sensitive American military sites, despite the Biden administration’s efforts to block it from doing so, two current senior U.S. Petty Officer 1st Class Tyler Thompson / U.S. Navy sailors recover a high-altitude surveillance balloon off Myrtle Beach, S.C., on Feb. The process to identify and intercept the balloon worked “exactly as it should have,” VanHerck said. It was shot down off the South Carolina coast two days later on the orders of President Joe Biden. 2, NBC News reported that the balloon was flying over the U.S.

27 and his forces intercepted it the next day with F-22 and F-16 fighter jets, which determined it wasn’t a hostile threat. VanHerck said he was first made aware of the balloon on Jan. military detecting them also raised questions about an intelligence failure, prompting calls for more investment in the country’s air defense and radar systems.Ĭhina initially apologized for the incident but maintained the object was a civilian weather balloon that had blown off course. The revelation that the Chinese were able to fly such balloons into American airspace without the U.S. The Biden administration was criticized for its handling of the Chinese surveillance balloon, first reported by NBC News, with some asking why it was allowed to fly over sensitive military sites in the continental U.S., where it could collect valuable information about American defenses. and Canada and responds to potential threats. Our radars are capable of seeing it, but we were filtering out that data,” he said recently in a wide-ranging interview at the Colorado Springs headquarters of NORAD, which monitors the skies over the U.S. “We were not looking for a high-altitude balloon at that time - 65,000 feet, very slow.

Alaska time now