Why Sun Country Airlines Holdings Inc’s (SNCY) Stock Is Up 5.22% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sun Country Airlines Holdings Inc before investing.

In this article, we go over a few key elements for understanding Sun Country Airlines Holdings Inc’s stock price such as:

Before we jump into Sun Country Airlines Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Sun Country Airlines Holdings, Inc. operates Sun Country Airlines, a hybrid low-cost air carrier that deploys shared resources across its scheduled service, charter, and cargo businesses. The Company focuses on serving leisure and visiting friends and relatives (VFR) passengers, charter customers, and providing crew, maintenance, and insurance (CMI) service to Amazon.com Services, LLC (Amazon), with flights throughout the United States and to destinations in Canada, Mexico, Central America, and the Caribbean. Its Passenger segment consists of two businesses: Scheduled Service and Charter. These businesses both utilize the Company's passenger fleet. Its Cargo segment provides air cargo services. It flies a single-family fleet of mid-life Boeing 737-NG aircraft. Its fleet consists of about 60 Boeing 737-NG aircraft. This includes 42 aircraft in the passenger fleet, 12 cargo operated aircraft through the ATSA with Amazon, and six aircraft that are on lease to unaffiliated airlines.

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As of June 21, 2024, 4:00 PM, CST, Sun Country Airlines Holdings Inc’s stock price was $12.09.

Sun Country Airlines Holdings Inc is up 5.22% from its previous closing price of $11.49.

During the last market session, Sun Country Airlines Holdings Inc’s stock traded between $10.40 and $11.56. Currently, there are 53.03 million shares of Sun Country Airlines Holdings Inc stock available for purchase.

Sun Country Airlines Holdings Inc’s price-earnings (P/E) ratio is currently at 9.5, which is low compared to the Airlines industry median of 9.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Sun Country Airlines Holdings Inc’s (SNCY) price is currently up 14.16% so far this month.

During the month of June, Sun Country Airlines Holdings Inc’s stock price has reached a high of $12.25 and a low of $9.73.

Over the last year, Sun Country Airlines Holdings Inc has hit prices as high as $23.80 and as low as $9.22. Year to date, Sun Country Airlines Holdings Inc’s stock is down 23.77%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 20, 2024, there were 6 analysts who downgraded Sun Country Airlines Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Sun Country Airlines Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sun Country Airlines Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sun Country Airlines Holdings Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sun Country Airlines Holdings Inc (SNCY) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 20, 2024, Sun Country Airlines Holdings Inc has a weighted four-quarter relative price strength of -17.09%, which translates to a Momentum Score of 23 and is considered to be Weak.

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As of June 21, 2024, Sun Country Airlines Holdings Inc’s stock price is $12.09, which is up 5.22% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sun Country Airlines Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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