Spirit Airlines Inc (NYSE:SAVE) has a beta value of 1.35 and has seen 3.76 million shares traded in the last trading session. The company, currently valued at $485.00M, closed the last trade at $4.43 per share which meant it lost -$0.15 on the day or -3.28% during that session. The SAVE stock price is -316.25% off its 52-week high price of $18.44 and 11.29% above the 52-week low of $3.93. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.63 million shares traded. The 3-month trading volume is 17.41 million shares.
Spirit Airlines Inc (NYSE:SAVE) trade information
Sporting -3.28% in the red in last session, the stock has traded in the red over the last five days, when the SAVE stock price touched $4.43 or saw a rise of 14.48%. Year-to-date, Spirit Airlines Inc shares have moved -72.21%, while the 5-day performance has seen it change -8.47%. Over the past 30 days, the shares of Spirit Airlines Inc (NYSE:SAVE) have changed -14.97%. Short interest in the company has seen 26.49 million shares shorted with days to cover at 3.6.
Spirit Airlines Inc (SAVE) estimates and forecasts
Figures show that Spirit Airlines Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -71.95% over the past 6 months, with this year growth rate of 14.89%, compared to -2.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -73.20% and -234.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.00%.
8 analysts offering their estimates for the company have set an average revenue estimate of $1.27 billion for the current quarter. 8 have an estimated revenue figure of $1.48 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.35 billion and $1.47 billion respectively for this quarter and the next, and analysts expect sales will shrink by -6.10% for the current quarter and 0.60% for the next.
SAVE Dividends
Spirit Airlines Inc is expected to release its next earnings report between April 24 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Spirit Airlines Inc (NYSE:SAVE)’s Major holders
Insiders own 0.64% of the company shares, while shares held by institutions stand at 60.31% with a share float percentage of 60.70%. Investors are also buoyed by the number of investors in a company, with Spirit Airlines Inc having a total of 308 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 10.32 million shares worth more than $177.01 million. As of Jun 29, 2023, Vanguard Group Inc held 9.45% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 7.92 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $135.91 million and represent 7.26% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2023, the former fund manager holds about 3.13% shares in the company for having 3.42 million shares of worth $58.61 million while later fund manager owns 2.82 million shares of worth $48.36 million as of Jun 29, 2023, which makes it owner of about 2.58% of company’s outstanding stock.
