Southwest Airlines Co (LUV) concluded trading on Tuesday at a closing price of $34.35, with 2.27 million shares of worth about $78.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.60% during that period and on December 24, 2024 the price saw a gain of about 1.45%. Currently the company’s common shares owned by public are about 599.74M shares, out of which, 593.37M shares are available for trading.
Stock saw a price change of 4.57% in past 5 days and over the past one month there was a price change of 7.32%. Year-to-date (YTD), LUV shares are showing a performance of 18.80% which increased to 16.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.58 but also hit the highest price of $36.12 during that period. The average intraday trading volume for Southwest Airlines Co shares is 7.78 million. The stock is currently trading 3.28% above its 20-day simple moving average (SMA20), while that difference is up 7.25% for SMA50 and it goes to 18.31% higher than SMA200.
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Southwest Airlines Co (NYSE: LUV) currently have 599.74M outstanding shares and institutions hold larger chunk of about 90.33% of that.
The stock has a current market capitalization of $20.90B and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 0.83 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 2.58% while standing at 2.46% over the month.
Stock’s fiscal year EPS is expected to drop by -50.45% while it is estimated to increase by 110.44% in next year. EPS is likely to grow at an annualized rate of 6.01% 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 Morgan Stanley on December 11, 2024 offering an Overweight rating for the stock and assigned a target price of $42 to it. Coverage by TD Cowen stated Southwest Airlines Co (LUV) stock as a Hold in their note to investors on December 06, 2024, suggesting a price target of $28 for the stock. On November 26, 2024, UBS Resumed their recommendations, while on November 15, 2024, Goldman Resumed their ratings for the stock with a price target of $28. Stock get a Neutral rating from BofA Securities on November 04, 2024.
