Southwest Airlines Co (LUV) Shares Up Despite Recent Market Volatility

Southwest Airlines Co (NYSE: LUV)’s stock price has soared by 32.49 in relation to previous closing price of 28.87. Nevertheless, the company has seen a gain of 6.98% in its stock price over the last five trading days. Barrons reported 2024-02-09 that Even one of Boeing’s most loyal customers, Southwest Airlines, is looking again at the risks.

Is It Worth Investing in Southwest Airlines Co (NYSE: LUV) Right Now?

The price-to-earnings ratio for Southwest Airlines Co (NYSE: LUV) is above average at 44.19x, while the 36-month beta value is 1.14.

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The public float for LUV is 593.58M, and currently, short sellers hold a 3.48% ratio of that floaft. The average trading volume of LUV on February 12, 2024 was 0.97 shares.

LUV’s Market Performance

LUV stock saw an increase of 6.98% in the past week, with a monthly gain of 9.36% and a quarterly increase of 35.43%. The volatility ratio for the week is 3.41%, and the volatility levels for the last 30 days are 3.63% for Southwest Airlines Co (LUV). The simple moving average for the past 20 days is 197.19% for LUV’s stock, with a Jan 25 BMO simple moving average for the past 200 days.

Analysts’ Opinion of LUV

Many brokerage firms have already submitted their reports for LUV stocks, with TD Cowen repeating the rating for LUV by listing it as a “Market Perform.” The predicted price for LUV in the upcoming period, according to TD Cowen is $26 based on the research report published on January 26, 2024 of the current year 2024.

LUV Trading at 10.53% from the 50-Day Moving Average

After a stumble in the market that brought LUV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.81% of loss for the given period.

Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +8.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.90% upper at present.

During the last 5 trading sessions, LUV rose by +6.98%, which changed the moving average for the period of 200-days by +3.84% in comparison to the 20-day moving average, which settled at $30.27. In addition, Southwest Airlines Co saw 12.50% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at LUV starting from Green Ryan C., who sale 4,936 shares at the price of $29.94 back on May 02. After this action, Green Ryan C. now owns 26,361 shares of Southwest Airlines Co, valued at $147,787 using the latest closing price.

Stock Fundamentals for LUV

Equity return is now at value 4.70, with 1.31 for asset returns.

Conclusion

In a nutshell, Southwest Airlines Co (LUV) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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