Safestay (LON:SSTY) Announces Earnings Results

Safestay (LON:SSTY) posted its earnings results on Friday. The company reported GBX (2.76) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Safestay had a negative net margin of 48.84% and a negative return on equity of 44.19%.

Safestay Stock Performance

SSTY stock traded down GBX 3.50 during midday trading on Friday, reaching GBX 9. 289,004 shares of the company’s stock traded hands, compared to its average volume of 155,946. The company has a current ratio of 0.55, a quick ratio of 1.26 and a debt-to-equity ratio of 334.89. Safestay has a 52-week low of GBX 8 and a 52-week high of GBX 35. The stock has a market cap of £5.84 million, a P/E ratio of -0.58 and a beta of 1.34. The stock’s 50-day moving average is GBX 12.34 and its 200 day moving average is GBX 13.38.

Wall Street Analysts Forecast Growth

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

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.