Safestay (LON:SSTY) Hits New 52-Week Low – What’s Next?

Safestay plc (LON:SSTY)’s share price hit a new 52-week low on Tuesday. The stock traded as low as GBX 5 and last traded at GBX 5, with a volume of 757 shares. The stock had previously closed at GBX 6.

Analysts Set New Price Targets

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

Safestay Stock Performance

The stock has a 50-day moving average price of GBX 9.87 and a 200 day moving average price of GBX 13.15. 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 firm has a market capitalization of £3.25 million, a price-to-earnings ratio of -0.26 and a beta of 1.34.

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

About Safestay

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.