VLRS Stock Summary and Trading Ideas (Controladora Vuela Compania De Aviacion S.A.B. De C.V. American Depositary Shares Each Representing Ten (10) Ordinary Participation Certificates | NYSE:VLRS)

Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires at the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger revenues and cargo services.

Controladora Vuela Compania De Aviacion S.A.B. De C.V. American Depositary Shares Each Representing Ten (10) Ordinary Participation Certificates trades on the NYSE stock market under the symbol VLRS.

As of May 6, 2024, VLRS stock price climbed to $8.57 with 98,049 million shares trading.

VLRS has a beta of 1.67, meaning it tends to be more sensitive to market movements. VLRS has a correlation of 0.18 to the broad based SPY ETF.

VLRS has a market cap of $987.34 million. This is considered a Small Cap stock.

Last quarter Controladora Vuela Compania De Aviacion S.A.B. De C.V. American Depositary Shares Each Representing Ten (10) Ordinary Participation Certificates reported $768 million in Revenue and $.29 earnings per share. This beat revenue expectation by $85 million and exceeded earnings estimates by $.46.

In the last 3 years, VLRS stock traded as high as $23.58 and as low as $5.52.

The top ETF exchange traded funds that VLRS belongs to (by Net Assets): AVEM, AVES, AVEE, AVXC.

VLRS stock has underperformed the market in the last year with a return of -28.6%, while SPY returned +27.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in VLRS shares. However, VLRS has outperformed the market in the last 3 month and 2 week periods, returning +6.3% and +9.9%, while SPY returned +4.4% and +3.9%, respectively. This indicates VLRS has been having a stronger performance recently.

VLRS support price is $8.13 and resistance is $8.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VLRS stock will trade within this expected range on the day.