Allegiant Travel(ALGT) ZACKS·2025-01-15 18:00Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Allegiant Travel (ALGT) - Allegiant Travel currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. Performance Metrics - Over the past week, ALGT shares increased by 7.46%, while the Zacks Transportation - Airline industry remained flat [6]. - In the last month, ALGT's price change was 20.59%, significantly outperforming the industry's 0.98% [6]. - Over the past quarter, ALGT shares rose by 60.6%, and over the last year, they increased by 36.12%, compared to the S&P 500's performance of 0% and 23.73%, respectively [7]. Trading Volume - ALGT's average 20-day trading volume is 248,061 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, 6 earnings estimates for ALGT have been revised upwards, while none have been revised downwards, boosting the consensus estimate from 2.29 [10]. - For the next fiscal year, 3 estimates have increased, with 1 downward revision noted [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, ALGT is recommended as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12].