Safestay (LON:SSTY) Sets New 12-Month Low – Here’s What Happened

Safestay plc (LON:SSTY)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 8 and last traded at GBX 8, with a volume of 467 shares changing hands. The stock had previously closed at GBX 8.50.

Analysts Set New Price Targets

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

Safestay Trading Down 5.9%

The business has a 50-day moving average of GBX 11.81 and a 200-day moving average of GBX 13.08. 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 stock has a market cap of £5.19 million, a price-to-earnings ratio of -0.52 and a beta of 1.34.

Safestay (LON:SSTY) last issued its earnings results on Friday, September 25th. The company reported GBX (2.76) earnings per share for the quarter. Safestay had a negative return on equity of 90.56% and a negative net margin of 65.57%. As a group, research analysts forecast that Safestay plc will post 24.0500009 earnings per share 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.