What is the stock price trajectory of Southwest Airlines Co (LUV)?

At the time of writing, Southwest Airlines Co [LUV] stock is trading at $32.38, up 1.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LUV shares have gain 3.15% over the last week, with a monthly amount glided 6.20%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Jefferies upgraded its rating to Hold on October 09, 2024, and elevated its price target to $32. On September 30, 2024, TD Cowen reiterated its Hold rating and revised its price target to $25 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $35 on September 03, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $19 on July 17, 2024. Melius reiterated a Sell rating for this stock on June 10, 2024, but kept the price target unchanged to $26. In a note dated May 28, 2024, Argus downgraded an Hold rating on this stock.

For the past year, the stock price of Southwest Airlines Co fluctuated between $22.58 and $35.18. Currently, Wall Street analysts expect the stock to reach $43.08 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $32.38 at the most recent close of the market. An investor can expect a potential return of 33.05% based on the average LUV price forecast.

Analyzing the LUV fundamentals

According to Southwest Airlines Co [NYSE:LUV], the company’s sales were 27.38B for trailing twelve months, which represents an 5.29% jump. Gross Profit Margin for this corporation currently stands at -0.06% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.

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 31.79 points at the first support level, and at 31.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.06, and for the 2nd resistance point, it is at 33.74.

Ratios To Look Out For

It is important to note that Southwest Airlines Co [NYSE:LUV] has a current ratio of 0.88. Further, the Quick Ratio stands at 0.83, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.71, the price to book ratio is 1.87.

Transactions by insiders

Recent insider trading involved Elliott Investment Management, 10% Owner, that happened on Oct 28 ’24 when 1.2 million shares were sold. Director, GANGWAL RAKESH completed a deal on Oct 01 ’24 to buy 0.64 million shares. Meanwhile, Director GANGWAL RAKESH bought 0.53 million shares on Oct 01 ’24.

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