Safestay (LON:SSTY) Releases Quarterly Earnings Results

Safestay (LON:SSTY) issued 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 return on equity of 44.19% and a negative net margin of 48.84%.

Safestay Stock Down 28.0%

SSTY stock traded down GBX 3.50 during trading on Friday, hitting GBX 9. 289,004 shares of the company’s stock were exchanged, compared to its average volume of 155,946. The stock has a market capitalization of £5.84 million, a price-to-earnings ratio of -0.58 and a beta of 1.34. 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 business has a 50-day moving average price of GBX 12.42 and a two-hundred day moving average price of GBX 13.41.

Wall Street Analysts Forecast Growth

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