Sun Country Airlines Holdings Inc (NASDAQ: SNCY) has a price-to-earnings ratio of 12.78x that is above its average ratio. Additionally, the 36-month beta value for SNCY is 1.55. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for SNCY is 40.86M and currently, short sellers hold a 10.36% ratio of that float. The average trading volume of SNCY on October 17, 2024 was 620.96K shares.
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SNCY) stock’s latest price update
Sun Country Airlines Holdings Inc (NASDAQ: SNCY) has seen a rise in its stock price by 9.10 in relation to its previous close of 10.55. However, the company has experienced a 13.18% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-09 that Sun Country Airlines (SNCY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.
SNCY’s Market Performance
Sun Country Airlines Holdings Inc (SNCY) has seen a 13.18% rise in stock performance for the week, with a 2.58% gain in the past month and a -6.80% plunge in the past quarter. The volatility ratio for the week is 5.66%, and the volatility levels for the past 30 days are at 5.22% for SNCY. The simple moving average for the last 20 days is 6.93% for SNCY stock, with a simple moving average of -8.02% for the last 200 days.
Analysts’ Opinion of SNCY
Many brokerage firms have already submitted their reports for SNCY stocks, with Wolfe Research repeating the rating for SNCY by listing it as a “Outperform.” The predicted price for SNCY in the upcoming period, according to Wolfe Research is $14 based on the research report published on October 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SNCY reach a price target of $17, previously predicting the price at $22. The rating they have provided for SNCY stocks is “Buy” according to the report published on May 08th, 2024.
Morgan Stanley gave a rating of “Overweight” to SNCY, setting the target price at $21 in the report published on February 26th of the current year.
SNCY Trading at 8.92% 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 -34.45% of loss for the given period.
Volatility was left at 5.22%, however, over the last 30 days, the volatility rate increased by 5.66%, as shares surge +1.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.17% upper at present.
During the last 5 trading sessions, SNCY rose by +13.18%, which changed the moving average for the period of 200-days by -26.83% in comparison to the 20-day moving average, which settled at $10.76. In addition, Sun Country Airlines Holdings Inc saw -26.83% 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 Whitney Grant, who sale 881 shares at the price of $10.31 back on Oct 02 ’24. After this action, Whitney Grant now owns 23,781 shares of Sun Country Airlines Holdings Inc, valued at $9,083 using the latest closing price.
Whitney Grant, the Chief Revenue Officer & SVP of Sun Country Airlines Holdings Inc, sale 406 shares at $10.90 during a trade that took place back on Oct 01 ’24, which means that Whitney Grant is holding 24,662 shares at $4,426 based on the most recent closing price.
Stock Fundamentals for SNCY
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.18 for the gross margin
The net margin for Sun Country Airlines Holdings Inc stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 9.26, with 3.11 for asset returns.
Based on Sun Country Airlines Holdings Inc (SNCY), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 2.31.
Currently, EBITDA for the company is 226.24 million with net debt to EBITDA at 3.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 23.75for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
In conclusion, Sun Country Airlines Holdings Inc (SNCY) has seen mixed performance in recent times. Analysts have a bullish 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.
