Spirit Airlines, Inc. (NYSE:SAVE) has a beta value of 1.28 and has seen 9,666,773 shares traded in the recent trading session. The company, currently valued at $1.35 Billion, closed the recent trade at $15.1 per share which meant it lost -$0.71 on the day or -4.49% during that session. The SAVE stock price is -214.57% off its 52-week high price of $47.5 and 53.58% above the 52-week low of $7.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.5 Million shares traded. The 3-month trading volume is 25.99 Million shares.
Spirit Airlines, Inc. (NYSE:SAVE) trade information
Despite being -4.49% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jul 28 when the SAVE stock price touched $16.97- or saw a rise of 11.37%. Year-to-date, Spirit Airlines, Inc. shares have moved -62.69%, while the 5-day performance has seen it change -6.87%. Over the past 30 days, the shares of Spirit Airlines, Inc. (NYSE:SAVE) have changed -13.56%. Short interest in the company has seen 20.38 Million shares shorted with days to cover at 0.78.
Spirit Airlines, Inc. (SAVE) estimates and forecasts
Figures show that Spirit Airlines, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -61.5% over the past 6 months, with this year growth rate of -256.19%, compared to -37.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -278.8% and -196% for the next quarter. Revenue growth from the last financial year stood is estimated to be -51.5%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +9.6% over the past 5 years. Earnings growth for 2020 is a modest +114.9%.
Spirit Airlines, Inc. (NYSE:SAVE)’s Major holders
Insiders own 0.76% of the company shares, while shares held by institutions stand at 102.2% with a share float percentage of 102.98%. Investors are also buoyed by the number of investors in a company, with Spirit Airlines, Inc. having a total of 322 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 10.18 Million shares worth more than $131.22 Million. As of March 30, 2020, FMR, LLC held 11.48% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 6.36 Million shares as of March 30, 2020. The firm’s total holdings are worth over $82Million and represent 7.17% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are U.S. Global Airline ETF and Vanguard Total Stock Market Index Fund. As of May 30, 2020, the former fund manager holds about 2.7% shares in the company for having 2392569 shares of worth $30.98 Million while later fund manager owns 2Million shares of worth $25.73 Million as of March 30, 2020, which makes it owner of about 2.25% of company’s outstanding stock.