Southwest Airlines Co. [LUV] is 31.00% higher this YTD. Is it still time to buy?

Southwest Airlines Co. [NYSE: LUV] traded at a low on 03/31/21, posting a -1.37 loss after which it closed the day’ session at $61.06. The company report on March 31, 2021 that Southwest Airlines Now Offering Pre-Cleared Arrival Into Hawaii.

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Hawaii-bound Customers flying Southwest from five gateway airports in California now can verify compliance with State of Hawaii COVID procedures before departing the mainland, streamlining airport arrivals on-island.

Southwest Airlines Co. (NYSE: LUV) has introduced an added convenience for Customers flying to Hawaii on Southwest Airlines®—an ability to present evidence of their compliance with the Hawaii Safe Travels program. Customers who have uploaded an approved negative COVID-19 test result, required travel information, and completed a health questionnaire before departing the mainland may be eligible to bypass airport screening when arriving in Honolulu (Oahu) and Kahului (Maui). This pre-clear convenience complements the carrier’s approach to serving Hawaii with industry-leading value, comfort, and Hospitality, and pairs access of pre-trip testing options in select California cities with a streamlined arrival into the Islands.

The results of the trading session contributed to over 5659800 shares changing hands. Over the past one week, the price volatility of Southwest Airlines Co. stands at 3.18% while the volatility over the past one month is 3.78%.

The market cap for LUV stock reached $35.25 billion, with 592.00 million shares outstanding and 588.84 million shares in the current float. Compared to the average trading volume of 8.24M shares, LUV reached a trading volume of 5659800 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Southwest Airlines Co. [LUV]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUV shares is $60.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUV stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for Southwest Airlines Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 23, 2021. The new note on the price target was released on February 22, 2021, representing the official price target for Southwest Airlines Co. stock. Previously, the target price had yet another raise from $48 to $50, while Deutsche Bank kept a Hold rating on LUV stock.

The Average True Range (ATR) for Southwest Airlines Co. is set at 2.14, with the Price to Sales ratio for LUV stock in the period of the last 12 months amounting to 3.90. The Price to Book ratio for the last quarter was 4.07, with the Price to Cash per share for the same quarter was set at 23.09.

How has LUV stock performed recently?

Southwest Airlines Co. [LUV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.82. With this latest performance, LUV shares gained by 5.62% in over the last four-week period, additionally plugging by 62.35% over the last 6 months – not to mention a rise of 71.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUV stock in for the last two-week period is set at 59.08, with the RSI for the last a single of trading hit 57.49, and the three-weeks RSI is set at 60.19 for Southwest Airlines Co. [LUV]. The present Moving Average for the last 50 days of trading for this stock 54.56, while it was recorded at 61.03 for the last single week of trading, and 43.36 for the last 200 days.

Southwest Airlines Co. [LUV]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Southwest Airlines Co. [LUV] shares currently have an operating margin of -52.09 and a Gross Margin at -30.80. Southwest Airlines Co.’s Net Margin is presently recorded at -33.97.

Return on Total Capital for LUV is now -27.01, given the latest momentum, and Return on Invested Capital for the company is -18.52. Return on Equity for this stock declined to -32.86, with Return on Assets sitting at -9.67. When it comes to the capital structure of this company, Southwest Airlines Co. [LUV] has a Total Debt to Total Equity ratio set at 137.44. Additionally, LUV Total Debt to Total Capital is recorded at 57.88, with Total Debt to Total Assets ending up at 33.36. Long-Term Debt to Equity for the company is recorded at 131.51, with the Long-Term Debt to Total Capital now at 55.39.

Reflecting on the efficiency of the workforce at the company, Southwest Airlines Co. [LUV] managed to generate an average of -$54,407 per employee. Receivables Turnover for the company is 8.17 with a Total Asset Turnover recorded at a value of 0.28.Southwest Airlines Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Earnings analysis for Southwest Airlines Co. [LUV]

With the latest financial reports released by the company, Southwest Airlines Co. posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at -0.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 63.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LUV.

Insider trade positions for Southwest Airlines Co. [LUV]

There are presently around $27,453 million, or 77.90% of LUV stock, in the hands of institutional investors. The top three institutional holders of LUV stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 65,213,818, which is approximately -3.443% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 51,587,663 shares of the stock with an approximate value of $3.15 billion in LUV stocks shares; and STATE STREET CORP, currently with $2.62 billion in LUV stock with ownership of nearly -3.244% of the company’s market capitalization.

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Positions in Southwest Airlines Co. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 598 institutional holders increased their position in Southwest Airlines Co. [NYSE:LUV] by around 54,134,995 shares. Additionally, 366 investors decreased positions by around 43,084,156 shares, while 120 investors held positions by with 352,389,825 shares. The mentioned changes placed institutional holdings at 449,608,976 shares, according to the latest SEC report filing. LUV stock had 217 new institutional investments in for a total of 8,165,588 shares, while 75 institutional investors sold positions of 6,271,438 shares during the same period.

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