Southwest Airlines Co. (NYSE:LUV) is available at discount when one looks at the company’s price to sales ratio of 1.45 and compares it with other companies in the Air Freight/Delivery Services group. Its industry average valuation of 0.79 is significantly better than the sector’s 2.12. In the past 13-year record, this ratio went down as low as 0.35 and as high as 1.91. Also, it is down from 84% of the total 74 rivals across the globe.
LUV traded at an unexpectedly low level on 02/11/2019 when the stock experienced a 1.09% gain to a closing price of $58.28. The company saw 3934862 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 4160020 shares a day, this signifies a pretty significant change over the norm.Southwest Airlines Co. (LUV) Analyst Gushes
Analysts are speculating a 28.69% move, based on the high target price ($75) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $63.35 price target, but the stock is already up 31.62% from its recent lows. However, the stock is trading at -8.97% versus recent highs ($64.02). Analysts believe that we could see stock price minimum in the $52 range (lowest target price), allowing for another -10.78% drop from its current position. Leading up to this report, we have seen a 18.96% rise in the stock price over the last 30 days and a 10.21% increase over the past 3 months. Overall, the share price is up 25.39% so far this year. Additionally, the stock had a day price range of $57.6 to $58.44.Southwest Airlines Co. (LUV) Price Potential
Heading into the stock price potential, Southwest Airlines Co. needs to grow just 9.81% to cross its median price target of $64. In order to determine directional movement, the 50-day and 200-day moving averages for Southwest Airlines Co. (NYSE:LUV) are $51.47 and $55.5. Given that liquidity is king in short-term, LUV is a stock with 551.06 million shares outstanding that normally trades 2.61% of its float. The stock price recently experienced a 5-day loss of -0.02% with 1.34 average true range (ATR). LUV has a beta of 1.54 and RSI is 71.23.
Investors also need to beware of the Freeport-McMoRan Inc. (NYSE:FCX) valuations. The stock trades on a P/S of 0, which suggests that the shares are attractive compared with peers. The broad Precious Metals industry has an average P/S ratio of 14.54, which is significantly worse than the sector’s 2.76. In the past 13-year record, this ratio went down as low as 0.28 and as high as 3.01. Also, it is up from 59% of the total 659 rivals across the globe.Freeport-McMoRan Inc. (FCX)’s Lead Over its Technicals
Freeport-McMoRan Inc. by far traveled 20.1% versus a 1-year low price of $9.6. The share price was last seen -0.69% lower, reaching at $11.53 on Feb. 08, 2019. At recent session, the prices were hovering between $11.45 and $11.615. This company shares are 23.94% off its target price of $14.29 and the current market capitalization stands at $17.07B. The recent change has given its price a 3.21% lead over SMA 50 and -41.59% deficit over its 52-week high. The stock witnessed 0.17% gains, -6.49% declines and -24.69% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FCX’s volatility during a week at 2.7% and during a month it has been found around 4.05%.Freeport-McMoRan Inc. (NYSE:FCX) Intraday Metrics
Freeport-McMoRan Inc. (FCX) exchanged hands at an unexpectedly low level of 15437811 shares over the course of the day. Noting its average daily volume at 20219520 shares each day over the month, this signifies a pretty significant change over the norm.Freeport-McMoRan Inc. Target Levels
The market experts are predicting a 90.81% rally, based on the high target price ($22) for Freeport-McMoRan Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $11 range (lowest target price). If faced, it would be a -4.6% drop from its current position. Overall, the share price is up 11.83% year to date.