Southwest Airlines Co. [LUV] is -7.80% lower this YTD. Is it still time to buy?

Southwest Airlines Co. [NYSE: LUV] traded at a low on 12/05/22, posting a -0.63 loss after which it closed the day’ session at $39.50. The company report on December 5, 2022 that SOUTHWEST AIRLINES AWARDS SCHOLARSHIPS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR STUDENTS.

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The 2022 Southwest Airlines Scholarship Program awarded 15 scholarships for a total commitment of $260,000 over four years.

Southwest Airlines Co. (NYSE: LUV) today announced recipients for the Herbert D. Kelleher and Rollin W. King Scholarship and the Southwest Airlines Scholarship. The scholarships champion the educational pursuits of students across the country, encouraging students to soar by providing educational access through these opportunities. Through these scholarships, Southwest has committed to awarding $260,000 over four years to the following 15 recipients and, as a fun surprise, each student also received four roundtrip tickets on Southwest to help them stay connected to their families throughout the year.

The results of the trading session contributed to over 5199696 shares changing hands. Over the past one week, the price volatility of Southwest Airlines Co. stands at 2.10% while the volatility over the past one month is 2.19%.

The market cap for LUV stock reached $23.65 billion, with 593.00 million shares outstanding and 591.67 million shares in the current float. Compared to the average trading volume of 5.82M shares, LUV reached a trading volume of 5199696 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 $49.87 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 Hold, with their previous recommendation back on August 15, 2022. The new note on the price target was released on July 12, 2022, representing the official price target for Southwest Airlines Co. stock. Previously, the target price had yet another drop from $57 to $55, while Raymond James kept a Strong Buy rating on LUV stock.

The Average True Range (ATR) for Southwest Airlines Co. is set at 0.96, with the Price to Sales ratio for LUV stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 22.84. Price to Free Cash Flow for LUV in the course of the last twelve months was 6.87 with Quick ratio for the last quarter at 1.50.

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 2.41. With this latest performance, LUV shares gained by 6.87% in over the last four-week period, additionally sinking by -11.08% over the last 6 months – not to mention a drop of -10.79% 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 62.57, with the RSI for the last a single of trading hit 61.82, and the three-weeks RSI is set at 61.18 for Southwest Airlines Co. [LUV]. The present Moving Average for the last 50 days of trading for this stock 35.45, while it was recorded at 39.70 for the last single week of trading, and 39.60 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 -7.82 and a Gross Margin at +7.34. Southwest Airlines Co.’s Net Margin is presently recorded at +6.19.

Return on Equity for this stock inclined to 10.13, with Return on Assets sitting at 2.61.

Southwest Airlines Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

Insider trade positions for Southwest Airlines Co. [LUV]

There are presently around $17,705 million, or 76.10% of LUV stock, in the hands of institutional investors. The top three institutional holders of LUV stocks are: VANGUARD GROUP INC with ownership of 64,861,508, which is approximately 0.993% of the company’s market cap and around 0.35% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 52,741,484 shares of the stock with an approximate value of $2.08 billion in LUV stocks shares; and STATE STREET CORP, currently with $1.59 billion in LUV stock with ownership of nearly 0.039% of the company’s market capitalization.

Positions in Southwest Airlines Co. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 384 institutional holders increased their position in Southwest Airlines Co. [NYSE:LUV] by around 41,201,535 shares. Additionally, 447 investors decreased positions by around 47,602,873 shares, while 199 investors held positions by with 359,413,570 shares. The mentioned changes placed institutional holdings at 448,217,978 shares, according to the latest SEC report filing. LUV stock had 80 new institutional investments in for a total of 20,691,959 shares, while 133 institutional investors sold positions of 2,454,327 shares during the same period.

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