Southwest Airlines Co (NYSE:LUV) price is hovering higher on Monday, April 15, jumping 1.43% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $27.54. The company’s P/E ratio in the trailing 12-month period read 37.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $39.53 and 52-week low of $21.91. The stock subtracted -0.62% on its value in the past month.
Southwest Airlines Co, which has a market valuation of $16.67 billion. The company stock has a Forward Dividend ratio of 0.72, while the dividend yield is 2.58%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking LUV have forecast the quarterly EPS to shrink by -0.34 per share this quarter, while the same analysts predict the annual EPS to hit $1.47 for the year 2024 and up to $2.25 for 2025. In this case, analysts estimate an annual EPS growth of -6.40% for the year and 53.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $6.42 billion, with the likely lows of $6.3 billion and highs of $6.49 billion. The average estimate suggests sales growth for the quarter will likely rise by 12.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $28.38 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 8.80% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and — downward reviews. On the technical perspective front, indicators give LUV a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.85. The overview shows that LUV’s price is at present -1.89% off the SMA20 and -10.03% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 40.19, with weekly volatility standing at 3.10%. The indicator jumps to 2.16% when calculated based on the past 30 days. Southwest Airlines Co (NYSE:LUV)’s beta value is holding at 1.15, while the average true range (ATR) indicator is currently reading 0.80.
An analysis of the Southwest Airlines Co (NYSE:LUV) stock in terms of its daily trading volume indicates that the 3-month average is 8.50 million.
Current records show that the company has 596.51M in outstanding shares. The insiders’ percentage holdings are 0.49% of outstanding shares while the percentage share held by institutions stands at 81.82%. But the -3.27% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
