Southwest Airlines Co (LUV) concluded trading on Wednesday at a closing price of $34.56, with 5.55 million shares of worth about $191.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.32% during that period and on Wednesday the price saw a gain of about 0.44%. Currently the company’s common shares owned by public are about 596.51M shares, out of which, 593.72M shares are available for trading.
However, the stock later moved at a day high price of 34.99, or with a gain of 0.44%. Stock saw a price change of 0.26% in past 5 days and over the past one month there was a price change of 16.17%. Year-to-date (YTD), LUV shares are showing a performance of 19.67% which increased to 2.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.91 but also hit the highest price of $39.53 during that period. The average intraday trading volume for Southwest Airlines Co shares is 8.30 million. The stock is currently trading 3.15% above its 20-day simple moving average (SMA20), while that difference is up 11.09% for SMA50 and it goes to 14.61% higher than SMA200.
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Southwest Airlines Co (NYSE: LUV) currently have 596.51M outstanding shares and institutions hold larger chunk of about 81.93% of that.
The stock has a current market capitalization of $20.62B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 47.00, while it has posted earnings per share of $0.74 in the same period. Its PEG reads 2.09 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LUV, volatility over the week remained 2.25% while standing at 2.76% over the month.
Analysts are in expectations that Southwest Airlines Co (LUV) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is $0.82 and it is $2.42 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.37 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.45% while it is estimated to increase by 36.69% in next year. EPS is likely to grow at an annualized rate of 22.47% for next 5-years, compared to annual growth of -29.89% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on February 20, 2024 offering a Buy rating for the stock and assigned a target price range of between $28 and $42 to it. On January 26, 2024, TD Cowen Reiterated their recommendations, while on January 08, 2024, Bernstein Downgrade their ratings for the stock with a price target of $24. Stock get an In-line rating from Evercore ISI on January 02, 2024.
