The stock of Controladora Vuela Compania de Aviacion S.A.B. de C.V. (NYSE:VLRS) decreased by -$0.46 on Friday to finish at $10.74, down -4.11 percent. The last five days have seen an average of 379,600 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $2.38. The average number of shares traded over the last 20 days was 426,660, while the average volume over the last 50 days totaled 347,546.
VLRS stock dropped -23.07% since last month. On 08/11/23, the company’s shares reached a one-month low of $10.56. The stock touched a high of $15.05 on 06/12/23, after rallying from a low of $6.86 in 52 weeks. The price of VLRS stock has risen by 28.47% or $2.38 this year, reaching a new high 29 times. Still, the stock price is down -28.64% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.41, the price-to-book (PB) ratio of 7.56.
Financial Health
For the three months ended March 30, Controladora Vuela Compania de Aviacion S.A.B. de C.V.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 15.54, and the total debt to equity ratio is 18.59. Based on annual data, it had gross profit of $1.55 billion and revenue of $2.85 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 4.10% return on investment (ROI) in the past year.
Earnings Surprise
According to Controladora Vuela Compania de Aviacion S.A.B. de C.V.’s quarterly financial report for the quarter that ended March 30, it had $244.45 million in total debt versus $64.77 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Controladora Vuela Compania de Aviacion S.A.B. de C.V.’s quarterly earnings would be -$0.61, but it ended up being -$0.32, beating the consensus by -90.60%. EBITDA was $51.0 million for the quarter. At the end of Controladora Vuela Compania de Aviacion S.A.B. de C.V.’s most recent quarter ended March 30, its liabilities totaled 4.62 billion, while its total debt was $3.14 billion.
Technical Picture
Here’s a quick look at Controladora Vuela Compania de Aviacion S.A.B. de C.V.’s (VLRS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 23.67%, suggesting the stock is oversold, with a 37.72% historical volatility rate.
The stochastic %K and %D were 7.92% and 12.06% respectively, while the average true range (ATR) was 0.46. Based on the 14-day stochastic reading of 6.12%, the RSI (14) reading is 27.36%. On the 9-day MACD Oscillator, the stock is at -0.22, and the 14-day reading is at -0.62.
Analyst Ratings
In its analyst report released on June 06, 2022, JP Morgan began covering Controladora Vuela Compania de Aviacion S.A.B. de C.V. (NYSE: VLRS). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Controladora Vuela Compania de Aviacion S.A.B. de C.V. (VLRS) an Buy rating. VLRS is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is VLRS’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.43 and $27.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Controladora Vuela Compania de Aviacion S.A.B. de C.V. (VLRS) is $20.35.
