Safestay (LON:SSTY) Stock Price Down 11.1% – What’s Next?

Safestay plc (LON:SSTY) shares were down 11.1% on Thursday . The company traded as low as GBX 10.30 and last traded at GBX 12. Approximately 198,774 shares traded hands during trading, a decline of 21% from the average daily volume of 250,986 shares. The stock had previously closed at GBX 13.50.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a research note on Monday, May 11th.

Safestay Price Performance

The company has a market cap of £8.12 million, a price-to-earnings ratio of -15.63 and a beta of 1.34. The company’s 50 day moving average price is GBX 14.44 and its 200-day moving average price is GBX 16.30. The company has a debt-to-equity ratio of 159.81, a quick ratio of 1.27 and a current ratio of 0.27.

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.