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After finishing at $28.87 in the prior trading day, Southwest Airlines Co (NYSE: LUV) closed at $28.68, down -0.66%. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 6.01 million shares were traded. LUV stock price reached its highest trading level at $29.33 during the session, while it also had its lowest trading level at $28.65.
Ratios:
Our goal is to gain a better understanding of LUV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.57.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on September 03, 2024, Upgraded its rating to Outperform and sets its target price to $35 from $30 previously.
On July 17, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $26 to $19.
Melius reiterated its Sell rating for the stock on June 10, 2024, and also maintained the target price at $26.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LUV now has a Market Capitalization of 17183821824 and an Enterprise Value of 16290823168. As of this moment, Southwest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 243.26, and their Forward P/E ratio for the next fiscal year is 22.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 0.603 whereas that against EBITDA is 9.417.
Stock Price History:
Over the past 52 weeks, LUV has reached a high of $35.18, while it has fallen to a 52-week low of $21.91. The 50-Day Moving Average of the stock is 4.97%, while the 200-Day Moving Average is calculated to be -0.19%.
Shares Statistics:
The stock has traded on average 10.32M shares per day over the past 3-months and 7766070 shares per day over the last 10 days, according to various share statistics. A total of 599.16M shares are outstanding, with a floating share count of 596.74M. Insiders hold about 0.40% of the company’s shares, while institutions hold 102.17% stake in the company. Shares short for LUV as of 1724976000 were 52244338 with a Short Ratio of 5.06, compared to 1722384000 on 43935685. Therefore, it implies a Short% of Shares Outstanding of 52244338 and a Short% of Float of 11.07.
Dividends & Splits
In the trailing 12 months, LUV’s forward annual dividend rate was 0.9, compared to 0.72 this year. Against a Trailing Annual Dividend Yield of 0.031174228The stock’s 5-year Average Dividend Yield is 1.03.
