Safestay (LON:SSTY) Sets New 52-Week Low – Here’s Why

Safestay plc (LON:SSTY)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 8 and last traded at GBX 8.20, with a volume of 1,079 shares trading hands. The stock had previously closed at GBX 8.20.

Wall Street Analysts Forecast Growth

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

Safestay Price Performance

The company has a current ratio of 0.92, a quick ratio of 1.26 and a debt-to-equity ratio of 302.14. The firm has a market cap of £5.52 million, a P/E ratio of -0.45 and a beta of 1.34. The business’s fifty day simple moving average is GBX 11.31 and its 200-day simple moving average is GBX 12.78.

Safestay (LON:SSTY) last posted its quarterly 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 fiscal 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.