Alaska Communications Systems Group Inc. (NASDAQ:ALSK) shares fell to a low of $3.31 before closing at $3.32. Intraday shares traded counted 1.1 million, which was -252.48% lower than its 30-day average trading volume of 313.23K. ALSK’s previous close was $3.32 while the outstanding shares total 54.15M. The firm has a beta of 1.47. The stock’s Relative Strength Index (RSI) is 47.67, with weekly volatility at 0.61% and ATR at 0.02. The ALSK stock’s 52-week price range has touched low of $1.85 and a $3.92 high. The stock traded lower over the last trading session, losing 0.00% on 06/21/21.
Investors have identified the Telecom Services company Alaska Communications Systems Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $180.71 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Alaska Communications Systems Group Inc. (ALSK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ALSK, the company has in raw cash 23.44 million on their books with 9.07 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 80.47 million total, with 63.7 million as their total liabilities.
ALSK were able to record 9.81 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 2.47 million. In cash movements, the company had a total of 16.71 million as operating cash flow.
Potential earnings growth for Alaska Communications Systems Group Inc. (ALSK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Alaska Communications Systems Group Inc. recorded a total of 60.67 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 3.96% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -2.74%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 57.71 million trying to sell their products during the last quarter, with the result yielding a gross income of 2.96 million. This allows shareholders to hold on to 54.15M with the recently reported earning now reading 0.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.04 cents a share).
Is the stock of ALSK attractive?
In related news, Former Director, Ley Peter D sold 4,784 shares of the company’s stock in a transaction that recorded on Nov 24. The sale was performed at an average price of 3.15, for a total value of 15,070. As the sale deal closes, the Former Director, Ley Peter D now sold 216 shares of the company’s stock, valued at 680. Also, Former Director, Ley Peter D sold 5,000 shares of the company’s stock in a deal that was recorded on Nov 20. The shares were price at an average price of 3.13 per share, with a total market value of 15,650. Following this completion of acquisition, the Former Director, Ley Peter D now holds 10,000 shares of the company’s stock, valued at 30,200. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.20%.