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As of close of business last night, Southwest Airlines Co’s stock clocked out at $30.58, down -2.83% from its previous closing price of $31.47. In other words, the price has decreased by -$2.83 from its previous closing price. On the day, 6.5 million shares were traded. LUV stock price reached its highest trading level at $31.675 during the session, while it also had its lowest trading level at $30.51.
Ratios:
To gain a deeper understanding of LUV’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 0.88. 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, Jefferies on October 09, 2024, Upgraded its rating to Hold and sets its target price to $32 from $24 previously.
On September 30, 2024, TD Cowen reiterated its Hold rating and also lowered its target price recommendation from $19 to $25.
Evercore ISI Upgraded its In-line to Outperform on September 03, 2024, whereas the target price for the stock was revised from $30 to $35.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 28 ’24 when Elliott Investment Management sold 1,203,920 shares for $29.83 per share. The transaction valued at 35,912,934 led to the insider holds 59,912,580 shares of the business.
GANGWAL RAKESH bought 643,788 shares of LUV for $19,300,400 on Oct 01 ’24. The Director now owns 3,606,311 shares after completing the transaction at $29.98 per share. On Oct 01 ’24, another insider, GANGWAL RAKESH, who serves as the Director of the company, bought 530,918 shares for $29.89 each. As a result, the insider paid 15,866,908 and bolstered with 2,962,523 shares of the company.
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 18873731072 and an Enterprise Value of 18052964352. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 0.659 whereas that against EBITDA is 10.733.
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 3.01%, while the 200-Day Moving Average is calculated to be 5.40%.
Shares Statistics:
It appears that LUV traded 9.41M shares on average per day over the past three months and 9434100 shares per day over the past ten days. A total of 596.51M shares are outstanding, with a floating share count of 593.43M. Insiders hold about 1.05% of the company’s shares, while institutions hold 98.88% stake in the company. Shares short for LUV as of 1728950400 were 42663233 with a Short Ratio of 4.53, compared to 1726185600 on 43279636. Therefore, it implies a Short% of Shares Outstanding of 42663233 and a Short% of Float of 9.04.
Dividends & Splits
With its trailing 12-month dividend rate of 0.72, LUV has a forward annual dividend rate of 0.72. Against a Trailing Annual Dividend Yield of 0.022878934The stock’s 5-year Average Dividend Yield is 1.03.
