Southwest Airlines Co (NYSE:LUV) price on current trading day, rose 2.02% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $34.84.
A look at the stock’s price movement, the close in the last trading session was $34.15, moving within a range at $34.4 and $36.105. The beta value (5-Year monthly) was 1.153. Turning to its 52-week performance, $35.18 and $23.58 were the 52-week high and 52-week low respectively. Overall, LUV moved 13.74% over the past month.
Southwest Airlines Co’s market cap currently stands at around $20.89 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.72, with its dividend yield at 2.07%. 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 6.87B for the company’s revenue for the quarter, with a low and high estimate of 6.8B and 6.96B respectively. The average forecast suggests up to a 0.67% 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 27.42B, representing a 5.10% 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% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 8 recommend LUV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LUV’s current price about 7.30% and 11.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 73.03, while 7-day volatility ratio is 3.13% and 2.62% in the 30-day chart. Further, Southwest Airlines Co (LUV) has a beta value of 1.16, and an average true range (ATR) of 0.94. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $24 and high of $36. Looking at the price targets, the low is 31.11% off current price level while to achieve the yearly target high, price needs to move -3.33%. Nonetheless, investors will most likely welcome a 13.89% jump to $30 which is the analysts’ median price.
If we refocus on Southwest Airlines Co (NYSE:LUV), historical trading data shows that trading volumes averaged 6.47 over the past 10 days and 7.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 599.74 million shares.
The 1.06% of Southwest Airlines Co’s shares are in the hands of company insiders while institutional holders own 90.33% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34.51 million on 2024-11-15, giving us a short ratio of 4.54. The data shows that as of 2024-11-15 short interest in Southwest Airlines Co (LUV) stood at 730.0 of shares outstanding, with shares short falling to 42.66 million registered in 2024-10-15. Current price change has pushed the stock 20.64% 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.
