Southwest Airlines Co (NYSE:LUV) price on Friday, May 10, fall -0.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.19.
A look at the stock’s price movement, the level at last check in today’s session was $27.28. The PE ratio in trailing twelve months stood at 44.15. Turning to its 52-week performance, $39.53 and $21.91 were the 52-week high and 52-week low respectively. Overall, LUV moved -4.65% over the past month.
Southwest Airlines Co’s market cap currently stands at around $16.27 billion. The company has a Forward Dividend ratio of 0.72, with its dividend yield at 2.65%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 7.45B for the company’s revenue for the quarter, with a low and high estimate of 7.43B and 7.51B respectively. The average forecast suggests up to a 5.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 27.84B, representing a 6.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LUV is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 2.35, with LUV’s current price about -1.71% and -6.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.95, while 7-day volatility ratio is 2.64% and 2.64% in the 30-day chart. Further, Southwest Airlines Co (LUV) has a beta value of 1.15, and an average true range (ATR) of 0.79.
If we refocus on Southwest Airlines Co (NYSE:LUV), historical trading data shows that trading volumes averaged 9.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 596.51 million shares.
The 0.37% of Southwest Airlines Co’s shares are in the hands of company insiders while institutional holders own 80.72% of the company’s shares. Current price change has pushed the stock -5.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LUV stock continues to rise going into the next quarter.
