A new trading data show Sun Country Airlines Holdings Inc. (SNCY) is showing positive returns.

Sun Country Airlines Holdings Inc. (NASDAQ: SNCY) stock fell -2.13% on Monday to $14.24 against a previous-day closing price of $14.55. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.64 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $14.48 whereas the lowest price it dropped to was $14.05. The 52-week range on SNCY shows that it touched its highest point at $23.80 and its lowest point at $13.25 during that stretch. It currently has a 1-year price target of $23.71. Beta for the stock currently stands at 1.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SNCY was down-trending over the past week, with a drop of -8.54%, but this was down by -8.95% over a month. Three-month performance dropped to -28.76% while six-month performance fell -20.89%. The stock lost -22.10% in the past year, while it has lost -10.21% so far this year. A look at the trailing 12-month EPS for SNCY yields 1.29 with Next year EPS estimates of 1.86. For the next quarter, that number is 0.17. This implies an EPS growth rate of -78.90% for this year and 27.96% for next year.

Float and Shares Shorts:

At present, 56.09 million SNCY shares are outstanding with a float of 55.81 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.15 million, which was 3.84% higher than short shares on Jul 30, 2023. In addition to INCY as the firm’s Incyte Corporation, ONCY serves as its Oncolytics Biotech Inc.

Institutional Ownership:

Through their ownership of 108.80% of SNCY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.64% of SNCY, in contrast to 28.40% held by mutual funds. Shares owned by individuals account for 24.09%. As the largest shareholder in SNCY with 9.37% of the stake, BlackRock Fund Advisors holds 5,249,591 shares worth 5,249,591. A second-largest stockholder of SNCY, The Vanguard Group, Inc., holds 3,992,001 shares, controlling over 7.13% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in SNCY, holding 3,280,677 shares or 5.86% stake. With a 4.62% stake in SNCY, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,585,365 shares are owned by the mutual fund manager. The US Global Jets ETF, which owns about 4.42% of SNCY stock, is the second-largest Mutual Fund holder. It holds 2,477,020 shares valued at 36.88 million. Delaware Small Cap Core Fund holds 4.32% of the stake in SNCY, owning 2,417,985 shares worth 36.0 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SNCY reported revenue of $219.07M and operating income of $3.37M. The EBITDA in the recently reported quarter was $2.20M and diluted EPS was -$0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SNCY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SNCY analysts setting a high price target of $27.00 and a low target of $17.00, the average target price over the next 12 months is $23.71. Based on these targets, SNCY could surge 89.61% to reach the target high and rise by 19.38% to reach the target low. Reaching the average price target will result in a growth of 66.5% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SNCY stock several times over the past three months with 5 Buys and 17 Sells. In these transactions, 173,525 shares were bought while 190,432 shares were sold. The number of buy transactions has increased to 44 while that of sell transactions has risen to 85 over the past year. The total number of shares bought during that period was 560,840 while 9,894,886 shares were sold.

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