Sta. highest levels in the last 1.5 months your stock is going up Aegean at the Athens Stock Exchange, with passenger traffic giving the airline “wings”.
It is characteristic that, shortly before 2:30 p.m., the shares of the listed company are strongly strengthened by 3.2% and exceeds 12.3 euroswhich happens for the first time since May 24th.
The increase, in fact, is accompanied by satisfactory revenue, since 88,774 pieces have been sold to date, with a total value of 1.08 million euros.
Aegean shares get a boost from an 8% increase in the number of passengers in the second quarter (4.4 million people) and 9% in the number of passengers in the first half of the year (7.3 million people).
In fact, based on company data, passenger traffic growth was balanced between internal and external, with occupancy forming in 81.2% in the second quarter and to 81% in the first half of the year.
11% gains on lows
The above mentioned positive elements provide a boost to the stock, contributing to a further recovery of the 7 month minimum of 11 eurosto which he had retreated at the end of June.
Somehow, from that period until today, the Cumulative increase in shares exceeds 11%which contributed to reducing the distance between annual maximum of 13.3 euros (session 15/05).
It should be remembered that the company’s historical high was reached on August 28, 2023, when it had risen to 13.7 euros.
Attractive evaluation
In fact, despite the recent rise, Aegean’s market value, estimated at over one billion euros, is still characterized as attractive in relation to the fundamentals.
And that’s because the index P/E Earnings Multiple is estimated at just 6.7x, which is significantly below the widely accepted 10x.
Based on the average analysts’ target price, the benchmark for the stock is placed at 16.2 euros over a 12-month periodincorporating a positive margin of more than 30%.
Excluding today’s session, the stock’s return through 2024 is +5.5%, having been below the General Index (+12%).
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)