Safestay (LON:SSTY) Sets New 52-Week Low – Time to Sell?

Safestay plc (LON:SSTY)’s stock price hit a new 52-week low on Monday. The stock traded as low as GBX 5 and last traded at GBX 7, with a volume of 18,639 shares changing hands. The stock had previously closed at GBX 9.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Safestay in a research note on Wednesday, August 5th.

Safestay Stock Down 22.2%

The business’s 50 day simple moving average is GBX 10.62 and its 200 day simple moving average is GBX 12.41. The company has a quick ratio of 1.26, a current ratio of 0.92 and a debt-to-equity ratio of 302.14. The company has a market capitalization of £4.55 million, a PE ratio of -0.37 and a beta of 1.34.

Safestay (LON:SSTY) last announced its earnings results on Friday, September 25th. The company reported GBX (2.76) earnings per share (EPS) for the quarter. Safestay had a negative net margin of 65.57% and a negative return on equity of 90.56%. As a group, analysts forecast that Safestay plc will post 24.05 EPS for the current year.

Safestay Company Profile

Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.

Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.