ALK · NYSE · STOCK
Alaska Air Group (ALK) Stock Analysis
$42.02
52W $33.03 – $65.88
59/100
$4.68B
-26.6
1.28
Is ALK Bullish or Bearish?
Bullish.
Innellis AI committee rates Alaska Air Group (ALK) Buy with a composite score of 59/100
, based on 6 analysts with 50% agreement.
Last updated September 06, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.21 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -3.79 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Risk Analyst remains cautious — current ratio of 0.50 is tight -- limited short-term liquidity cushion. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.4x is a discount to asset value — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement — Technical
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- News sentiment is positive (+0.20 across 20 articles, 14d) — News
Bear Case
- ROE of only -4.5% -- cheap may mean cheap for a reason — Value
- Price structure making lower highs and lower lows — Technical
- Trend and market structure agree -- coherent bearish picture — Technical
- Current ratio of 0.50 is tight -- limited short-term liquidity cushion — Risk
- Bollinger bandwidth of 24.3% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 06, 2026
Overall Committee Score
59/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 54%
of 226 Industrials peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.4x is a discount to asset value
− ROE of only -4.5% -- cheap may mean cheap for a reason
Growth Analyst
bullish
62
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
Technical Analyst
neutral
56
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Risk Analyst
bearish
35
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.50 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 20 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
Investment Thesis Evolution
Committee score moved marginally from 58.8 to 58.8.
Comparing 2026-09-05 to 2026-09-06 (1 day apart).
Technical Analysis
RSI (14)
45.5
Neutral
MACD Histogram
0.001
Bullish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Lh Ll
Support
$41.30
Resistance
$43.88
Bollinger %B
0.39
Inside Bands
Price vs Moving Averages
EMA 9
$41.92
Above
EMA 21
$43.29
Below
EMA 50
$44.83
Below
EMA 200
$46.15
Below
Fundamental Analysis
Valuation
100
Growth
58
Profitability
29
Financial Health
11
Cash Flow
15
Valuation
P/E Ratio
-26.6×
P/B Ratio
1.29×
PEG Ratio
0.16
Dividend Yield
0.00%
52W High
$65.88
52W Low
$33.03
Quality & Growth
ROE
242.8%
ROA
49.1%
Gross Margin
9462.9%
Operating Margin
-151.7%
Revenue Growth YoY
—
Debt / Equity
2.08
AI Fundamental Assessment
P/E ratio of -26.6 (inexpensive relative to a 15-40x range); Price-to-book of 1.3x; PEG ratio of 0.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 2.4%; Return on assets of 0.5%; Net margin of -1.2%; Gross margin of 94.6%; Current ratio of 0.55 (tight short-term liquidity); Debt-to-equity of 2.08; Free cash flow per share is negative (-3.11); Most recent quarter beat estimates by 8.4%; EPS growth accelerating (-490.7% -> +45.2% QoQ); Average YoY EPS growth of -151.7%; Analyst estimates falling over recent quarters
Get the Full ALK Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →