The stock of Safestay PLC (LON:SSTY) hit a new 52-week low and has GBX 34.80 target or 13.00% below today’s GBX 40.00 share price. The 7 months bearish chart indicates high risk for the GBX 14.46 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the GBX 34.80 price target is reached, the company will be worth GBX 1.88 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 5.32% or GBX 2.25 on November 4, hitting GBX 40. About 67,365 shares traded hands or 250.75% up from the average. Safestay PLC (LON:SSTY) has declined 24.89% since April 7, 2016 and is downtrending. It has underperformed by 25.98% the S&P500.
Safestay PLC (LON:SSTY) Ratings Coverage
Out of 2 analysts covering Safestay (LON:SSTY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Safestay has been the topic of 3 analyst reports since September 7, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained Safestay PLC (LON:SSTY) on Monday, September 12 with “Buy” rating. The stock of Safestay PLC (LON:SSTY) has “Buy” rating given on Monday, September 7 by Westhouse Securities. Canaccord Genuity maintained it with “Buy” rating and GBX 65 target price in Thursday, October 6 report.
Safestay plc is a United Kingdom-based owner and operator of a hostel group. The company has a market cap of 14.46 million GBP. The principal activity of the Company consists of the operation of backpacker tourist hostels under the Safestay brand. It currently has negative earnings. The Firm offers accommodation for a range of guests, including from school groups, young adults and backpackers to families.
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