During the last session, Spirit Airlines Inc (NYSE:SAVE)’s traded shares were 4.78 million, with the beta value of the company hitting 1.39. At the end of the trading day, the stock’s price was $3.68, reflecting an intraday loss of -2.90% or -$0.11. The 52-week high for the SAVE share is $18.44, that puts it down -401.09 from that peak though still a striking -0.82% loss since the share price plummeted to a 52-week low of $3.71. The company’s market capitalization is $402.89M, and the average trade volume was 9.11 million shares over the past three months.
Spirit Airlines Inc (NYSE:SAVE) trade information
Spirit Airlines Inc (SAVE) registered a -2.90% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.90% in intraday trading to $3.68, hitting a weekly high. The stock’s 5-day price performance is -10.46%, and it has moved by -22.53% in 30 days. Based on these gigs, the overall price performance for the year is -77.02%.
Spirit Airlines Inc (SAVE) estimates and forecasts
Statistics show that Spirit Airlines Inc has outperformed its competitors in share price, compared to the industry in which it operates. Spirit Airlines Inc (SAVE) shares have gone down -76.53% during the last six months, with a year-to-date growth rate more than the industry average at 14.59% against -5.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -75.60% this quarter and then drop -258.60% in the quarter after that. In the rating firms’ projections, revenue will increase 6.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.27 billion as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $1.47 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.35 billion and $1.47 billion respectively.
While earnings are projected to return 18.49% in 2024.
SAVE Dividends
Spirit Airlines Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Spirit Airlines Inc is 0.00, with the dividend yield indicating at 0.00 percent, continuing the trend of increasing dividends in recent years.
