Southwest Airlines Co. (NYSE:LUV) finished Thursday with a subtraction of -$1.12 to close at $33.00, a downside of -3.28 percent. An average of 7,659,220 shares of common stock have been traded in the last five days. There was a fall of -$3.90 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 5,528,305 shares traded, while the 50-day average volume stands at 5,518,632.
LUV stock has decreased by -11.93% in the last month. The company shares reached their 1-month lowest point of $32.76 on 09/22/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $34.12 and a high of $56.33 in 52 weeks. It has reached a new high 9 times so far this year and lost -22.97% or -$9.84 in price. In spite of this, the price is down -41.42% from the 52-week high.
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119 days have passed since Southwest Airlines Co. (LUV) last reported insider trading activity. MONTFORD JOHN T, who is Director, most recently acquired $2,300 shares at $45.70 per share on May 27. In this transaction, the insider spent $105,098. Director, MONTFORD JOHN T, disposed of 540 shares at a price of $43.88 on Dec 09. The insider now owns more than $23,697 worth of shares. Prior to that, Director Gilligan Thomas W. went on to Sale 11,188 shares at $47.34 each on Oct 27. An amount of $529,601 was transacted.
Southwest Airlines Co. (LUV) has a trailing price-to-earnings (P/E) ratio of 20.97. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.98, the price-to-book (PB) ratio at 1.76, and the price-to-cash flow ratio at 7.36.
The quick ratio of Southwest Airlines Co. for the three months ended June 29 was 1.60, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.80 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Its gross profit as reported stood at $5.39 billion compared to revenue of $15.79 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Southwest Airlines Co.’s return on assets was 2.70%.
For the three-month period that ended June 29, Southwest Airlines Co. had $3.2 billion in cash and short-term investments compared to $8.88 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $760.0 million in the quarter, while revenues were grew 54.21%. The analyst consensus anticipated Southwest Airlines Co.’s latest quarter earnings to come in at $1.18 per share, but it turned out to be $1.3, a 10.20% surprise. For the quarter, EBITDA amounted to $1.48 billion. Shareholders own equity worth $593.35 million.
From a technical analysis perspective, let’s take a brief look at Southwest Airlines Co. (LUV) price momentum. RSI 9-day as of the close on 22 September was 26.25%, suggesting the stock is oversold, with historical volatility in this time frame at 41.94%.
As of today, LUV’s price is $34.56 -10.57% or -$3.90 from its 5-day moving average. LUV is currently trading -12.70% lower than its 20-day SMA and -29.37% lower than its 100-day SMA. However, the stock’s current price level is -14.95% below the SMA50 and -27.57% below the SMA200.
The stochastic %K and %D were 14.14% and 13.64%, respectively, and the average true range (ATR) was 1.23. With the 14-day stochastic at 3.84% and the average true range at 1.19, the RSI (14) stands at 30.59%. The stock has reached -1.93 on the 9-day MACD Oscillator while the 14-day reading was at -2.45.
Argus downgraded Southwest Airlines Co. (NYSE: LUV) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Southwest Airlines Co. (LUV) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LUV, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.
What is LUV’s price target for the next 12 months?
Analysts predict a range of price targets between $39.00 and $66.00, with a median target of $48.50. Taking a look at these predictions, the average price target given by analysts for Southwest Airlines Co. (LUV) stock is $50.13.