In the last trading session, 2.34 million shares of the Sun Country Airlines Holdings Inc (NASDAQ:SNCY) were traded, and its beta was 1.56. Most recently the company’s share price was $10.57, and it changed around $0.64 or 6.45% from the last close, which brings the market valuation of the company to $558.20M. SNCY currently trades at a discount to its 52-week high of $17.56, offering almost -66.13% off that amount. The share price’s 52-week low was $9.22, which indicates that the current value has risen by an impressive 12.77% since then. We note from Sun Country Airlines Holdings Inc’s average daily trading volume that its 10-day average is 0.72 million shares, with the 3-month average coming to 574.45K.
Sun Country Airlines Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SNCY as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Sun Country Airlines Holdings Inc is expected to report earnings per share of 0.04 for the current quarter.
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Sun Country Airlines Holdings Inc (NASDAQ:SNCY) trade information
Instantly SNCY has showed a green trend with a performance of 6.45% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.11 on recent trading dayincreased the stock’s daily price by 4.86%. The company’s shares are currently down -32.80% year-to-date, but still up 0.76% over the last five days. On the other hand, Sun Country Airlines Holdings Inc (NASDAQ:SNCY) is -9.43% down in the 30-day period. We can see from the shorts that 4.79 million shares have been sold at a short interest cover period of 8.67 day(s).
The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 59.35% from its current value. Analyst projections state that SNCY is forecast to be at a low of $11 and a high of $30.
Sun Country Airlines Holdings Inc (SNCY) estimates and forecasts
Sun Country Airlines Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.00 percent over the past six months and at a -38.69% annual growth rate that is well below the industry average of -19.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -71.40% in revenue this quarter, and will report a decrease of -16.70% in the next quarter. The year-over-year growth rate is expected to be 1.80%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 250.2M in revenue for the current quarter. 3 analysts expect Sun Country Airlines Holdings Inc to make 252.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 248.88M and 245.54M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.50%. Forecasts for the next quarter put sales growth at 2.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.51%. Sun Country Airlines Holdings Inc earnings are expected to increase by -34.79% in 2024, but the outlook is positive 22.38% per year for the next five years.
SNCY Dividends
Sun Country Airlines Holdings Inc’s next quarterly earnings report is expected to be released in November.
Sun Country Airlines Holdings Inc (NASDAQ:SNCY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.70% of Sun Country Airlines Holdings Inc shares, and 105.06% of them are in the hands of institutional investors. The stock currently has a share float of 110.24%. Sun Country Airlines Holdings Inc stock is held by 214.0 institutions, with APOLLO MANAGEMENT HOLDINGS, L.P. being the largest institutional investor. By 2024-06-30, it held 21.045% of the shares, which is about 11.16 million shares worth $140.18 million.
BLACKROCK INC., with 13.0961% or 6.95 million shares worth $87.23 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
