Southwest Airlines Co [LUV] gain 7.44% so far this year. What now?

Southwest Airlines Co [NYSE: LUV] jumped around 1.28 points on Tuesday, while shares priced at $31.03 at the close of the session, up 4.30%. The company report on February 2, 2024 at 10:00 AM that SOUTHWEST AIRLINES PLANS CUSTOMER EXPERIENCE ENHANCEMENTS AND MODERNIZATION OF BRAND ELEMENTS WITH A REDESIGNED CABIN, NEW SEATS, AND A UNIFORM REFRESH.

Redesigned aircraft cabin interior featuring RECARO aircraft seats to debut in early 2025.

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Existing Boeing 737 MAX 8 and -800s to include onboard power ports and larger overhead bins.

Compared to the average trading volume of 8.29M shares, LUV reached a trading volume of 7161426 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 $28.51 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 3.23. 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.

TD Cowen have made an estimate for Southwest Airlines Co shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 26, 2024.

The Average True Range (ATR) for Southwest Airlines Co is set at 1.03, with the Price to Sales ratio for LUV stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 19.25.

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 2.78. With this latest performance, LUV shares gained by 6.45% in over the last four-week period, additionally sinking by -5.88% over the last 6 months – not to mention a drop of -14.64% 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 60.64, with the RSI for the last a single of trading hit 62.60, and the three-weeks RSI is set at 59.59 for Southwest Airlines Co [LUV]. The present Moving Average for the last 50 days of trading for this stock 28.88, while it was recorded at 30.24 for the last single week of trading, and 29.81 for the last 200 days.

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

Southwest Airlines Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.14.

Earnings analysis for Southwest Airlines Co [LUV]

With the latest financial reports released by the company, Southwest Airlines Co posted -0.27/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.40%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Southwest Airlines Co go to 25.99%.

Insider trade positions for Southwest Airlines Co [LUV]

The top three institutional holders of LUV stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LUV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LUV stock with ownership which is approximately 5.8325%.