Safestay (LON:SSTY) Trading 92.6% Higher – Should You Buy?

Shares of Safestay plc (LON:SSTY) were up 92.6% during mid-day trading on Friday . The company traded as high as GBX 35 and last traded at GBX 26. 1,259,909 shares were traded during trading, an increase of 509% from the average session volume of 206,753 shares. The stock had previously closed at GBX 13.50.

Analyst Ratings Changes

Separately, Shore Capital Group restated a “house stock” rating on shares of Safestay in a research report on Monday, June 29th.

Safestay Stock Up 92.6%

The company has a current ratio of 0.55, a quick ratio of 1.26 and a debt-to-equity ratio of 334.89. The firm has a market capitalization of £16.88 million, a price-to-earnings ratio of -1.68 and a beta of 1.34. The stock has a fifty day moving average of GBX 12.87 and a 200-day moving average of GBX 14.70.

Safestay (LON:SSTY) last announced its earnings results on Monday, June 29th. The company reported GBX (15.48) EPS for the quarter. Safestay had a negative net margin of 48.84% and a negative return on equity of 44.19%. As a group, sell-side analysts expect that Safestay plc will post 24.0500009 EPS for the current 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.