As of Friday close, Sun Country Airlines Holdings Inc.’s (NASDAQ:SNCY) stock was down -$0.35, moving down -2.24 percent to $15.29. The average number of shares traded per day over the past five days has been 518,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.89 fall in that time frame. In the last twenty days, the average volume was 559,920, while in the previous 50 days, it was 711,426.
Since last month, SNCY stock retreated -32.58%. Shares of the company fell to $15.25 on 08/18/23, the lowest level in the past month. A 52-week high of $23.80 was reached on 07/13/23 after having rallying from a 52-week low of $13.25. Since the beginning of this year, SNCY’s stock price has dropped by -3.59% or -$0.57, and marked a new high 16 times. However, the stock has declined by -35.76% since its 52-week high.
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SNCY stock investors should be aware that Sun Country Airlines Holdings Inc. (SNCY) stock had its last reported insider trading activity 12 days ago on Aug 07. Whitney Grant, the Chief Revenue Officer & SVP of the company, disposed of 10,358 shares for $16.53 on Aug 07. It resulted in a $171,242 divestment by the insider. Levenhagen Eric sold 114,879 shares at an average price of $20.42 on Aug 03. The insider now owns 11,855 shares following the transaction. On Jul 13, Chief Executive Officer Bricker Jude sold 14,789 shares at $23.45 apiece. The transaction was valued at $346,864.
Valuation Metrics
Right now, Sun Country Airlines Holdings Inc. (SNCY) has a P/E ratio of about 11.89. The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 1.59.
Financial Health
In the three months ended June 29, Sun Country Airlines Holdings Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.09, and the total debt-to-equity ratio was 1.30. On the profitability front, the trailing twelve-month gross margin is 64.30% percent. In the year ended June 29, EBITDA margin amounted to 13.96%, whereas operating margins totaled 12.10%. Based on annual data, SNCY earned $838.74 million in gross profit and brought in $894.44 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.50%. Return on equity (ROE) for the past 12 months was 14.90%.
In Sun Country Airlines Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $365.21 million against cash and short-term investments of $159.18 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SNCY’s revenue rose 16.09% to $294.12 million during the quarter, while net income inched up to $261.09 million. While analysts expected Sun Country Airlines Holdings Inc. to report $0.41 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by -2.40%. During the quarter, the company generated $57.94 million in EBITDA. The liabilities of Sun Country Airlines Holdings Inc. were 1.09 billion at the end of its most recent quarter ended June 29, and its total debt was $728.45 million. The value of shareholders’ equity is $56.01 million.
Technical Picture
This quick technical analysis looks at Sun Country Airlines Holdings Inc.’s (SNCY) price momentum. With a historical volatility rate of 30.82%, the RSI 9-day stood at 19.52% on 18 August.
With respect to its five-day moving average, the current Sun Country Airlines Holdings Inc. price is down by -5.50% percent or -$0.89. At present, SNCY shares trade -31.47% below its 20-day simple moving average and -17.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.87% below its SMA50 and -6.08% below its SMA200.
Stochastic coefficient K was 2.54% and Stochastic coefficient D was 3.51%, while ATR was 0.73. Given the Stochastic reading of 0.64% for the 14-day period, the RSI (14) reading has been calculated as 23.82%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at -1.50.
Analyst Ratings
Sun Country Airlines Holdings Inc. (SNCY) has been rated Overweight by analysts. According to 0 brokerage firms, SNCY is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Sun Country Airlines Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $17.00 – $28.00. Based on these forecasts, analysts predict Sun Country Airlines Holdings Inc. (SNCY) will achieve an average price target of $24.14.
