Air Arabia PJSC Stock Analysis: Decline in Pricing with Bearish Sentiment
By KlickAnalytics Data Insights | January 10, 2025 08:00AM ET
Pricing Analysis for Air Arabia PJSC:
The stock price of Air Arabia PJSC currently stands at 3.12, reflecting a 1-day change of -0.02 and a 1-day return of -0.64%. The trading volume for the stock is recorded at 939037 shares. Over the past week, the stock has seen a return of 0.97%, while over the past month and 3 months, the returns have been 1.96% and 16.42% respectively. The stock is on a price rally, trading downward for the last 1 day.
When compared to the 1-month high price of 3.17 (2 days ago), the current price is -1.58% lower. However, compared to the 1-month low price of 3.02 (32 days ago), the current price is 3.31% higher. In the past year, the stock has shown a return of 7.59%. The 52-week high price of 3.17 (2 days ago) indicates a -1.58% difference from the current price, while the 52-week low price of 2.24 (211 days ago) shows a significant increase of 39.29% from the current price.
Historical returns for the stock stand at 1-Day -0.64%, 1-Week 0.97%, 1-Month 1.96%, 3-Months 16.42%, 6-Months 29.46%, Year-to-date 0.65%, and 1-Year 7.59%. The historical relative volume for different periods is as follows: 1-Week 0.43x, 1-Month 0.42x, 3-Months 0.32x, 6-Months 0.29x, Year-to-date 0.47x, and 1-Year 0.26x.
Fundamentals - TTM:
The market capitalization of Air Arabia PJSC is currently at 14,653,438,000. The net income per share is 0.30, with a price/earning ratio of 10.61. The dividend yield stands at 0.06%. The working capital is evaluated at 1,743,491,000, while the total assets and total liabilities are 15,046,168,000 and 7,388,674,000 respectively. The total revenue and EBIT for the company are 6,529,317,000 and 1,439,557,000 respectively. The Altman Z-Score is calculated to be 2.21.
Technical Indicators:
The technical indicators for Air Arabia PJSC suggest a mixed sentiment. While the short term moving averages signal a Buy, the long term indicators show no definitive trend. The 5-days simple moving average signal is Buy, along with the 10-days, 20-days, 50-days, 100-days, and 200-days SMAs. The close price compared to various SMAs indicates positive trends, with the price showing increases ranging from 0.29% to 16.05% compared to different moving averages.