This is why Sun Country Airlines Holdings Inc (SNCY) Stock is one of the options for the Longer run

Sun Country Airlines Holdings Inc [SNCY] stock is trading at $11.51, up 9.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SNCY shares have gain 13.18% over the last week, with a monthly amount glided 2.58%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sun Country Airlines Holdings Inc [NASDAQ: SNCY] stock has seen the most recent analyst activity on October 08, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $14 for it. Previously, TD Cowen reaffirmed its Buy rating on May 08, 2024, and dropped its price target to $17. On February 26, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $21 on the stock. Susquehanna downgraded its rating to a Neutral and decreased its price target to $15 on January 10, 2024. Cowen started tracking with a Outperform rating for this stock on September 06, 2022, and assigned it a price target of $25.

Sun Country Airlines Holdings Inc [SNCY] stock has fluctuated between $9.22 and $17.56 over the past year. Currently, Wall Street analysts expect the stock to reach $23.2 within the next 12 months. Sun Country Airlines Holdings Inc [NASDAQ: SNCY] shares were valued at $11.51 at the most recent close of the market. An investor can expect a potential return of 101.56% based on the average SNCY price forecast.

Analyzing the SNCY fundamentals

Sun Country Airlines Holdings Inc [NASDAQ:SNCY] reported sales of 1.06B for the trailing twelve months, which represents a drop of -2.57%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.90 points at the first support level, and at 10.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.83, and for the 2nd resistance point, it is at 12.14.

Ratios To Look Out For

For context, Sun Country Airlines Holdings Inc’s Current Ratio is 0.58. In addition, the Quick Ratio stands at 0.56 and the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 12.78.

Transactions by insiders

Recent insider trading involved Whitney Grant, Chief Revenue Officer & SVP, that happened on Oct 02 ’24 when 881.0 shares were sold. Chief Revenue Officer & SVP, Whitney Grant completed a deal on Oct 01 ’24 to sell 406.0 shares. Meanwhile, SVP, GC, and Secretary Neale Erin Rose sold 807.0 shares on Oct 01 ’24.

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