Sun Country Airlines Holdings Inc (NASDAQ: SNCY): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Sun Country Airlines Reports Fourth Quarter and Full Year 2023 Results.

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Stocks Info

SNCY belongs to the Industrials sector of the NASDAQ while operating in the Airlines industry. At the end of the last regular session, the stock closed at $14.74 and fluctuated between $14.89 as its day high and $14.10 as its day low. The current market capitalization of Sun Country Airlines Holdings Inc is $797.88M. A total of 1.36 million shares were traded on the day, compared to an average of 490.35K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SNCY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 79 SELLs from insiders. Insiders purchased 459,555 shares during that period but sold 9,888,152.

In the most recent transaction, SCA Horus Holdings, LLC sold 231,392 shares of SNCY for 16.00 per share on Jan 11. After the transaction, the 10% Owner now owns 11,161,105 company shares. In a previous transaction on Jan 04, Neale Erin Rose sold 1,582 shares at 14.29 per share. SNCY shares that SVP, GC, and Secretary owns now total 17,074.

Among the insiders who sold shares, Whitney Grant disposed of 800 shares on Jan 04 at a per-share price of $14.29. This resulted in the Chief Revenue Officer & SVP holding 9,527 shares of SNCY after the transaction. In another insider transaction, Bricker Jude sold 2,621 shares at $14.76 per share on Jan 03. Company shares held by the Chief Executive Officer now total 71,925.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SNCY has a high of $23.80 and a low of $11.96.

As of this writing, SNCY has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.81 per share and a lower estimate of $0.05.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SNCY’s latest balance sheet shows that the firm has $315.62M in Cash & Short Term Investments as of fiscal 2021. There were $545.62M in debt and $281.65M in liabilities at the time. Its Book Value Per Share was $9.59, while its Total Shareholder’s Equity was $490.59M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNCY is Buy with a score of 4.14.

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