The stock of Sun Country Airlines Holdings Inc (NASDAQ: SNCY) has increased by 0.78 when compared to last closing price of 15.31. Despite this, the company has experienced a 0.46% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that The consensus price target hints at a 25.4% upside potential for Sun Country Airlines (SNCY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Is It Worth Investing in Sun Country Airlines Holdings Inc (NASDAQ: SNCY) Right Now?
Sun Country Airlines Holdings Inc (NASDAQ: SNCY) has a price-to-earnings ratio that is above its average at 18.97x. The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SNCY is 45.83M, and at present, short sellers hold a 8.07% of that float. On November 15, 2024, the average trading volume of SNCY was 768.72K shares.
SNCY’s Market Performance
The stock of Sun Country Airlines Holdings Inc (SNCY) has seen a 0.46% increase in the past week, with a 34.06% rise in the past month, and a 58.26% gain in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 4.94% for SNCY. The simple moving average for the last 20 days is 10.28% for SNCY stock, with a simple moving average of 23.33% 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 27.13% 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 -12.13% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +35.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.40% upper at present.
During the last 5 trading sessions, SNCY rose by +0.46%, which changed the moving average for the period of 200-days by +13.37% in comparison to the 20-day moving average, which settled at $13.99. In addition, Sun Country Airlines Holdings Inc saw -1.91% 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 Gyurci John, who sale 1,090 shares at the price of $15.45 back on Nov 07 ’24. After this action, Gyurci John now owns 12,999 shares of Sun Country Airlines Holdings Inc, valued at $16,839 using the latest closing price.
Bricker Jude, the Chief Executive Officer of Sun Country Airlines Holdings Inc, sale 37,817 shares at $15.29 during a trade that took place back on Nov 06 ’24, which means that Bricker Jude is holding 82,895 shares at $578,082 based on the most recent closing price.
Stock Fundamentals for SNCY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Sun Country Airlines Holdings Inc stands at 0.04. The total capital return value is set at 0.08. Equity return is now at value 8.42, with 2.81 for asset returns.
Based on Sun Country Airlines Holdings Inc (SNCY), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 2.18.
Currently, EBITDA for the company is 226.24 million with net debt to EBITDA at 3.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 28.06for 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 0.59.
Conclusion
To sum up, Sun Country Airlines Holdings Inc (SNCY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
