In today’s recent session, 5.79 million shares of the Spirit Airlines Inc (NYSE:SAVE) have been traded, and its beta is 1.37. Most recently the company’s share price was $3.93, and it changed around -$0.11 or -2.72% from the last close, which brings the market valuation of the company to $430.26M. SAVE at last check was trading at a discount to its 52-week high of $18.44, offering almost -369.21% off that amount. The share price’s 52-week low was $3.93. We note from Spirit Airlines Inc’s average daily trading volume that its 3-month average coming to 10.86 million.
Spirit Airlines Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.77. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended SAVE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Spirit Airlines Inc is expected to report earnings per share of -$1.44 for the current quarter.
Spirit Airlines Inc (NYSE:SAVE) trade information
Instantly SAVE has been showing red trend so far today with a performance of -2.72% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -75.35% year-to-date, but still down -11.69% over the last five days. On the other hand, Spirit Airlines Inc (NYSE:SAVE) is -16.91% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $25.89, which translates to bulls needing to increase their stock price by 84.82% from its current value. Analyst projections state that SAVE is forecast to be at a low of $4 and a high of $35.
Spirit Airlines Inc (SAVE) estimates and forecasts
Spirit Airlines Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -74.64 percent over the past six months and at a 13.98% annual growth rate that is well above the industry average of -4.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -75.60% in revenue this quarter, and will report a decrease of -251.70% in the next quarter. The year-over-year growth rate is expected to be 6.10%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $1.27 billion in revenue for the current quarter. 10 analysts expect Spirit Airlines Inc to make $1.47 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.35 billion and $1.47 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.20%. Forecasts for the next quarter put sales growth at 0.00%.
