Safestay (LON:SSTY) Hits New 1-Year Low – Here’s Why

Safestay plc (LON:SSTY) reached a new 52-week low during trading on Monday . The company traded as low as GBX 15 and last traded at GBX 15, with a volume of 10000000 shares. The stock had previously closed at GBX 15.75.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Safestay in a research report on Tuesday, November 25th.

Safestay Price Performance

The firm has a 50 day moving average of GBX 16.58 and a 200-day moving average of GBX 19.28. The company has a market cap of £9.74 million, a P/E ratio of -18.75 and a beta of 1.34. The company has a current ratio of 0.45, a quick ratio of 1.27 and a debt-to-equity ratio of 160.52.

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.