Southwest Airlines Co. [LUV] fell -17.55% so far this year. What now?


Southwest Airlines Co. [NYSE: LUV] loss -0.87% or -0.31 points to close at $35.32 with a heavy trading volume of 8424223 shares. The company report on June 16, 2022 that SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH JAN. 4, 2023.

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Southwest Airlines Co. (NYSE: LUV) today extended its flight schedule through Jan. 4, 2023, bringing holiday travel planning into focus with new and returning service for the season from late fall into early winter.

“Summer is heating up early this year and our Network Planning Teams are focused on holiday travel options for Southwest Customers ready to plan family gatherings and winter getaways,” said Adam Decaire, Vice President of Network Planning, Southwest Airlines. “We have returning seasonal fan favorites and brand new time-saving nonstop service, as we continue the work to restore more flying across our network on business and leisure routes.”.

It opened the trading session at $36.00, the shares rose to $36.3397 and dropped to $35.19, the range by which the price of stock traded the whole day. The daily chart for LUV points out that the company has recorded -10.94% loss over the past six months. However, it is still -2.79% lower than its most recent low trading price.

If we look at the average trading volume of 5.82M shares, LUV reached to a volume of 8424223 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 $57.20 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 2.20. 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.

Evercore ISI have made an estimate for Southwest Airlines Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 03, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on February 15, 2022, representing the official price target for Southwest Airlines Co. stock. Previously, the target price had yet another drop from $52 to $50, while Susquehanna kept a Neutral rating on LUV stock.

The Average True Range (ATR) for Southwest Airlines Co. is set at 1.69, with the Price to Sales ratio for LUV stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 27.04. Price to Free Cash Flow for LUV in the course of the last twelve months was 7.26 with Quick ratio for the last quarter at 1.80.

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 -6.11. With this latest performance, LUV shares dropped by -18.94% in over the last four-week period, additionally sinking by -10.94% over the last 6 months – not to mention a drop of -37.26% 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 27.90, with the RSI for the last a single of trading hit 22.33, and the three-weeks RSI is set at 32.32 for Southwest Airlines Co. [LUV]. The present Moving Average for the last 50 days of trading for this stock 43.74, while it was recorded at 36.08 for the last single week of trading, and 45.45 for the last 200 days.

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

Southwest Airlines Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.90.

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

There are presently around $16,189 million, or 79.80% of LUV stock, in the hands of institutional investors. The top three institutional holders of LUV stocks are: VANGUARD GROUP INC with ownership of 63,028,745, which is approximately 1.964% of the company’s market cap and around 0.30% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 53,554,109 shares of the stock with an approximate value of $1.91 billion in LUV stocks shares; and STATE STREET CORP, currently with $1.45 billion in LUV stock with ownership of nearly -0.29% of the company’s market capitalization.

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 463 institutional holders increased their position in Southwest Airlines Co. [NYSE:LUV] by around 36,213,057 shares. Additionally, 450 investors decreased positions by around 37,940,838 shares, while 202 investors held positions by with 380,212,109 shares. The mentioned changes placed institutional holdings at 454,366,004 shares, according to the latest SEC report filing. LUV stock had 117 new institutional investments in for a total of 10,029,679 shares, while 96 institutional investors sold positions of 4,430,054 shares during the same period.