Let’s look at the key reasons that are pushing Southwest Airlines Co (LUV) to new highs

Southwest Airlines Co (NYSE: LUV) kicked off on Friday, up 0.63% from the previous trading day, before settling in for the closing price of $28.74. Over the past 52 weeks, LUV has traded in a range of $21.91-$35.18.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 15.47%. While this was happening, its average annual earnings per share was recorded -77.08%. With a float of $596.76 million, this company’s outstanding shares have now reached $599.16 million.

Considering the fact that the conglomerate employs 74806 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 14.79%, operating margin of -0.74%, and the pretax margin is 0.48%.

Southwest Airlines Co (LUV) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Airlines Industry. The insider ownership of Southwest Airlines Co is 0.40%, while institutional ownership is 97.36%.

Southwest Airlines Co (LUV) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -77.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.79% during the next five years compared to -29.89% drop over the previous five years of trading.

Southwest Airlines Co (NYSE: LUV) Trading Performance Indicators

Take a look at Southwest Airlines Co’s (LUV) current performance indicators. Last quarter, stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.12, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach 1.29 in one year’s time.

Technical Analysis of Southwest Airlines Co (LUV)

Compared to the last year’s volume of 9.67 million, its volume of 7.88 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.22%. Additionally, its Average True Range was 0.81.

During the past 100 days, Southwest Airlines Co’s (LUV) raw stochastic average was set at 78.88%, which indicates a significant decrease from 87.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.31% in the past 14 days, which was lower than the 38.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $27.16, while its 200-day Moving Average is $28.55. Nevertheless, the first resistance level for the watch stands at $29.30 in the near term. At $29.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.91. If the price goes on to break the first support level at $28.69, it is likely to go to the next support level at $28.46. Now, if the price goes above the second support level, the third support stands at $28.08.

Southwest Airlines Co (NYSE: LUV) Key Stats

The company with the Market Capitalisation of 17.33 billion has total of 598,456K Shares Outstanding. Its annual sales at the moment are 26,091 M in contrast with the sum of 465,000 K annual income. Company’s last quarter sales were recorded 7,354 M and last quarter income was 367,000 K.