Safestay’s (SSTY) “House Stock” Rating Reaffirmed at Shore Capital Group

Safestay (LON:SSTY)‘s stock had its “house stock” rating restated by analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,Digital Look reports.

Safestay Stock Up 8.0%

Safestay stock opened at GBX 13.50 on Wednesday. The company has a debt-to-equity ratio of 334.89, a quick ratio of 1.26 and a current ratio of 0.55. The firm has a market capitalization of £8.77 million, a price-to-earnings ratio of -0.87 and a beta of 1.34. Safestay has a fifty-two week low of GBX 10.30 and a fifty-two week high of GBX 35. The stock’s fifty day moving average is GBX 13.43 and its two-hundred day moving average is GBX 14.40.

Safestay (LON:SSTY) last announced its quarterly earnings results on Monday, June 29th. The company reported GBX (15.48) earnings per share for the quarter. Safestay had a negative net margin of 48.84% and a negative return on equity of 44.19%. Analysts predict that Safestay will post 24.0500009 EPS for the current fiscal 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.