Southwest Airlines Co (NYSE:LUV) shares, rose in value on Friday, November 01, with the stock price up by 0.57% to the previous day’s close as strong demand from buyers drove the stock to $30.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $30.58, falling within a range of $30.59 and $31.0399. The value of beta (5-year monthly) is 1.162. Referring to stock’s 52-week performance, its high was $35.18, and the low was $21.91. On the whole, LUV has fluctuated by 0.80% over the past month.
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With the market capitalization of Southwest Airlines Co currently standing at about $18.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-23. The company’s Forward Dividend Ratio is 0.72, with its dividend yield at 2.34%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.39B, with a low estimate of 6.8B and a high estimate of 6.91B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.86B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LUV’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of LUV currently trading nearly 0.77% and 3.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.94, while the 7-day volatility ratio is showing 3.19% which for the 30-day chart, stands at 3.10%. Furthermore, Southwest Airlines Co (LUV)’s beta value is 1.15, and its average true range (ATR) is 0.97.
A comparison of Southwest Airlines Co (LUV) with its peers suggests the former has fared considerably weaker in the market. LUV showed an intraday change of 0.57% in today’s session so far, and over the past year, it grew by 38.35%%.
Data on historical trading for Southwest Airlines Co (NYSE:LUV) indicates that the trading volumes over the past 10 days have averaged 9.43 and over the past 3 months, they’ve averaged 9.35 million. According to company’s latest data on outstanding shares, there are 596.51 million shares outstanding.
Nearly 1.05% of Southwest Airlines Co’s shares belong to company insiders and institutional investors own 98.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.66 million shares as on 2024-10-15, resulting in a short ratio of 5.11. According to the data, the short interest in Southwest Airlines Co (LUV) stood at 904.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 43.28 million. The stock has risen by 6.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LUV stock heading into the next quarter.
