Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) stock has moved in a downward direction over the past month, causing some worry for investors. Based on a recent trade, the shares are down -6.85% for the month and -6.04% over the past five trading days. Looking further out, the stock is 13.29% year to date. With increased market volatility, stakeholders will likely be deciding whether or not now is a good time to unload the stock or hold for a turnaround.
Wall Street analysts are still seeing some upside to the stock despite the recent bearish move. Sell-side firms, on a consensus basis have a 2.20 recommendation, according to First Call. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell…
