The price-to-earnings ratio for Southwest Airlines Co (NYSE: LUV) is above average at 37.45x, Company’s 36-month beta value is 1.14.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LUV is 593.72M, and currently, short sellers hold a 2.71% ratio of that floaft. The average trading volume of LUV on April 15, 2024 was 8.47M shares.
LUV) stock’s latest price update
Southwest Airlines Co (NYSE: LUV) has experienced a decline in its stock price by -3.44 compared to its previous closing price of 28.52. However, the company has seen a fall of -2.82% in its stock price over the last five trading days. CNBC Television reported 2024-04-08 that CNBC’s Phil LeBeau reports on the latest news from Southwest Airlines.
LUV’s Market Performance
LUV’s stock has fallen by -2.82% in the past week, with a monthly drop of -2.62% and a quarterly drop of -7.71%. The volatility ratio for the week is 3.10% while the volatility levels for the last 30 days are 2.16% for Southwest Airlines Co The simple moving average for the last 20 days is -3.37% for LUV’s stock, with a simple moving average of -7.91% for the last 200 days.
Analysts’ Opinion of LUV
Many brokerage firms have already submitted their reports for LUV stocks, with Jefferies repeating the rating for LUV by listing it as a “Hold.” The predicted price for LUV in the upcoming period, according to Jefferies is $28 based on the research report published on March 13, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see LUV reach a price target of $40. The rating they have provided for LUV stocks is “Buy” according to the report published on March 12th, 2024.
Deutsche Bank gave a rating of “Buy” to LUV, setting the target price at $42 in the report published on February 20th of the current year.
LUV Trading at -11.43% 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 -30.33% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -2.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.86% lower at present.
During the last 5 trading sessions, LUV fell by -2.82%, which changed the moving average for the period of 200-days by -21.87% in comparison to the 20-day moving average, which settled at $28.47. In addition, Southwest Airlines Co saw -4.64% in overturn over a single year, with a tendency to cut further losses.
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 ’23. 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
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.16 for the gross margin
The net margin for Southwest Airlines Co stands at 0.02. The total capital return value is set at 0.01. Equity return is now at value 4.70, with 1.31 for asset returns.
Based on Southwest Airlines Co (LUV), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is 1.53.
Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 22.85for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In a nutshell, Southwest Airlines Co (LUV) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
