Safestay (LON:SSTY) Posts Quarterly Earnings Results

Safestay (LON:SSTY) posted its earnings results on Friday. The company reported GBX (2.76) earnings per share 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

Shares of LON SSTY traded down GBX 3.50 during trading hours on Friday, reaching GBX 9. The stock had a trading volume of 289,004 shares, compared to its average volume of 155,946. The company has a market cap of £5.84 million, a price-to-earnings ratio of -0.58 and a beta of 1.34. Safestay has a twelve month low of GBX 8 and a twelve month high of GBX 35. The business’s fifty day moving average is GBX 12.42 and its two-hundred day moving average is GBX 13.41. The company has a debt-to-equity ratio of 334.89, a current ratio of 0.55 and a quick ratio of 1.26.

Analysts Set New Price Targets

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

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.