Southwest Airlines Co (NYSE:LUV) shares, rose in value, with the stock price up by 0.70% to the previous day’s close as strong demand from buyers drove the stock to $32.89.
Actively observing the price movement in the last trading, the stock closed the session at $32.66. The PE ratio was 39.06 over 12-month period. Referring to stock’s 52-week performance, its high was $36.12, and the low was $23.58. On the whole, LUV has fluctuated by 23.41% over the past month.
With the market capitalization of Southwest Airlines Co currently standing at about $18.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.72, with its dividend yield at 2.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 28.15B, with a low estimate of 7.18B and a high estimate of 7.38B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.3B.
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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.75, with the price of LUV currently trading nearly 5.78% and 10.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.44, while the 7-day volatility ratio is showing 3.17% which for the 30-day chart, stands at 1.92%. Furthermore, Southwest Airlines Co (LUV)’s beta value is 1.22, and its average true range (ATR) is 1.13.
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 0.70% in last session, and over the past year, it grew by 23.41%%.
Data on historical trading for Southwest Airlines Co (NYSE:LUV) indicates that the trading volumes over the past 3 months, they’ve averaged 14.03 million. According to company’s latest data on outstanding shares, there are 569.87 million shares outstanding.
Nearly 1.19% of Southwest Airlines Co’s shares belong to company insiders and institutional investors own 93.24% of the company’s shares. The stock has fallen by -2.17% 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.
