Sun Country Airlines Holdings Inc (NASDAQ: SNCY) has a price-to-earnings ratio of 10.11x that is above its average ratio. Additionally, the 36-month beta value for SNCY is 1.64. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SNCY is 41.17M and currently, short sellers hold a 5.53% ratio of that float. The average trading volume of SNCY on May 08, 2024 was 627.78K shares.
SNCY) stock’s latest price update
Sun Country Airlines Holdings Inc (NASDAQ: SNCY)’s stock price has gone decline by -12.38 in comparison to its previous close of 14.06, however, the company has experienced a -7.44% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.68 per share a year ago.
SNCY’s Market Performance
Sun Country Airlines Holdings Inc (SNCY) has experienced a -7.44% fall in stock performance for the past week, with a -16.81% drop in the past month, and a -15.96% drop in the past quarter. The volatility ratio for the week is 5.20%, and the volatility levels for the past 30 days are at 3.66% for SNCY. The simple moving average for the past 20 days is -13.75% for SNCY’s stock, with a -17.76% simple moving average for the past 200 days.
Analysts’ Opinion of SNCY
Many brokerage firms have already submitted their reports for SNCY stocks, with Morgan Stanley repeating the rating for SNCY by listing it as a “Overweight.” The predicted price for SNCY in the upcoming period, according to Morgan Stanley is $21 based on the research report published on February 26, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see SNCY reach a price target of $15, previously predicting the price at $17. The rating they have provided for SNCY stocks is “Neutral” according to the report published on January 10th, 2024.
Goldman gave a rating of “Neutral” to SNCY, setting the target price at $19 in the report published on December 16th of the previous year.
SNCY Trading at -14.40% from the 50-Day Moving Average
After a stumble in the market that brought SNCY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.24% of loss for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 5.20%, as shares sank -18.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.18% lower at present.
During the last 5 trading sessions, SNCY fell by -7.44%, which changed the moving average for the period of 200-days by -44.78% in comparison to the 20-day moving average, which settled at $14.15. In addition, Sun Country Airlines Holdings Inc saw -21.68% 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 SNCY starting from Neale Erin Rose, who sale 1,760 shares at the price of $14.41 back on Apr 03 ’24. After this action, Neale Erin Rose now owns 35,232 shares of Sun Country Airlines Holdings Inc, valued at $25,362 using the latest closing price.
Bricker Jude, the Chief Executive Officer of Sun Country Airlines Holdings Inc, sale 2,145 shares at $14.35 during a trade that took place back on Apr 02 ’24, which means that Bricker Jude is holding 124,991 shares at $30,783 based on the most recent closing price.
Stock Fundamentals for SNCY
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.27 for the gross margin
The net margin for Sun Country Airlines Holdings Inc stands at 0.06. The total capital return value is set at 101.07. Equity return is now at value 14.33, with 4.59 for asset returns.
Based on Sun Country Airlines Holdings Inc (SNCY), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 211.16. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 5.54.
Currently, EBITDA for the company is 226.24 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In conclusion, Sun Country Airlines Holdings Inc (SNCY) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
