The stock of Southwest Airlines Co (LUV) has seen a 1.68% increase in the past week, with a 7.58% gain in the past month, and a 12.56% flourish in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 3.17% for LUV. The simple moving average for the past 20 days is 3.03% for LUV’s stock, with a 7.56% simple moving average for the past 200 days.
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 264.08x. The 36-month beta value for LUV is also noteworthy at 1.16. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LUV is 592.84M, and at present, short sellers hold a 7.75% of that float. The average trading volume of LUV on October 18, 2024 was 9.70M shares.
LUV) stock’s latest price update
The stock price of Southwest Airlines Co (NYSE: LUV) has jumped by 3.47 compared to previous close of 30.09. Despite this, the company has seen a gain of 1.68% in its stock price over the last five trading days. zacks.com reported 2024-10-17 that Southwest (LUV) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 $32 based on the research report published on October 09, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see LUV reach a price target of $25, previously predicting the price at $19. The rating they have provided for LUV stocks is “Hold” according to the report published on September 30th, 2024.
Evercore ISI gave a rating of “Outperform” to LUV, setting the target price at $35 in the report published on September 03rd of the current year.
LUV Trading at 7.72% 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 -11.50% of loss for the given period.
Volatility was left at 3.17%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares surge +6.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.62% upper at present.
During the last 5 trading sessions, LUV rose by +1.00%, which changed the moving average for the period of 200-days by +13.24% in comparison to the 20-day moving average, which settled at $30.21. In addition, Southwest Airlines Co saw 7.81% 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 GANGWAL RAKESH, who purchase 643,788 shares at the price of $29.98 back on Oct 01 ’24. After this action, GANGWAL RAKESH now owns 3,606,311 shares of Southwest Airlines Co, valued at $19,300,400 using the latest closing price.
GANGWAL RAKESH, the Director of Southwest Airlines Co, purchase 530,918 shares at $29.89 during a trade that took place back on Oct 01 ’24, which means that GANGWAL RAKESH is holding 2,962,523 shares at $15,866,908 based on the most recent closing price.
Stock Fundamentals for LUV
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.15 for the gross margin
The net margin for Southwest Airlines Co stands at 0.0. The total capital return value is set at -0.01. Equity return is now at value 1.04, with 0.31 for asset returns.
Based on Southwest Airlines Co (LUV), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is -0.87.
Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 20.08for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In summary, Southwest Airlines Co (LUV) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
