Southwest Airlines Co. [LUV] Is Currently -0.81 below its 200 Period Moving Avg: What Dose This Mean?

Southwest Airlines Co. [NYSE: LUV] loss -0.81% on the last trading session, reaching $58.42 price per share at the time. The company report on June 1, 2021 that Southwest Airlines Declares June 18 As Wanna Get Away Day To Honor 50th Anniversary Of First Flight.

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Carrier celebrates 50th Anniversary with sweepstakes offering more than 50 million Rapid Rewards bonus points, Southwest gift cards, and Companion Passes throughout the month of June.

Southwest Airlines Co. (NYSE: LUV) (the “Company”) is celebrating its 50th Anniversary this year, with June 18 marking 50 years since the carrier’s first commercial flight. To celebrate, Southwest® has declared June 18 as Wanna Get Away Day and has registered the day with the National Day Calendar. In 1996, Southwest coined the phrase “Wanna Get Away®” to highlight the Company’s expansion, as well as creating humorous moments relevant to its Customers within its marketing. As Wanna Get Away has become an iconic and recognized expression for the brand, Southwest took it a step further to celebrate its 50th Anniversary by announcing this new annual day. Beginning, Customers have the chance to engage with Southwest throughout the month of June, with its biggest surprises occurring on its anniversary and newly-branded day.

Southwest Airlines Co. represents 591.00 million in outstanding shares, while the company has a total market value of $34.38 billion with the latest information. LUV stock price has been found in the range of $58.20 to $59.17.

If compared to the average trading volume of 6.17M shares, LUV reached a trading volume of 4734958 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $69.65 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 1.90. 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.

JP Morgan have made an estimate for Southwest Airlines Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 14, 2021. The new note on the price target was released on March 23, 2021, representing the official price target for Southwest Airlines Co. stock. Previously, the target price had yet another raise to $64, while Deutsche Bank analysts kept a Buy rating on LUV stock. On December 11, 2020, analysts increased their price target for LUV shares from 48 to 50.

The Average True Range (ATR) for Southwest Airlines Co. is set at 1.42, with the Price to Sales ratio for LUV stock in the period of the last 12 months amounting to 5.01. The Price to Book ratio for the last quarter was 3.80, with the Price to Cash per share for the same quarter was set at 24.38.

Trading performance analysis for LUV stock

Southwest Airlines Co. [LUV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.02. With this latest performance, LUV shares dropped by -4.78% in over the last four-week period, additionally plugging by 21.99% over the last 6 months – not to mention a rise of 53.70% 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 39.89, with the RSI for the last a single of trading hit 35.87, and the three-weeks RSI is set at 43.36 for Southwest Airlines Co. [LUV]. The present Moving Average for the last 50 days of trading for this stock 61.33, while it was recorded at 58.48 for the last single week of trading, and 50.01 for the last 200 days.

Southwest Airlines Co. [LUV]: A deeper dive into fundamental analysis

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 1.90 and a Current Ratio set at 2.00.

Southwest Airlines Co. [LUV]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Southwest Airlines Co. posted -2.67/share EPS, while the average EPS was predicted by analysts to be reported at -2.66/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.40%. 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.

An analysis of insider ownership at Southwest Airlines Co. [LUV]

There are presently around $27,174 million, or 80.70% 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 58,976,270, which is approximately -9.565% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 51,951,706 shares of the stock with an approximate value of $3.04 billion in LUV stocks shares; and STATE STREET CORP, currently with $2.4 billion in LUV stock with ownership of nearly -4.051% 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 511 institutional holders increased their position in Southwest Airlines Co. [NYSE:LUV] by around 48,973,706 shares. Additionally, 487 investors decreased positions by around 33,297,460 shares, while 180 investors held positions by with 382,875,210 shares. The mentioned changes placed institutional holdings at 465,146,376 shares, according to the latest SEC report filing. LUV stock had 172 new institutional investments in for a total of 6,630,892 shares, while 115 institutional investors sold positions of 3,170,575 shares during the same period.

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