Spirit Airlines Inc (SAVE) Investors To Reap Big Returns Again

Spirit Airlines Inc (NYSE:SAVE) has a beta value of 1.41 and has seen 3.94 million shares traded in the last trading session. The company, currently valued at $387.56M, closed the last trade at $3.54 per share which meant it 0.00% during that session. The SAVE stock price is -420.9% off its 52-week high price of $18.44 and 1.98% above the 52-week low of $3.47. The 3-month trading volume is 8.40 million shares.

Spirit Airlines Inc (NYSE:SAVE) trade information

The stock has traded in the red over the last five days, when the SAVE stock price touched $3.54 or saw a rise of 12.59%. Year-to-date, Spirit Airlines Inc shares have moved -77.79%, while the 5-day performance has seen it change -12.38%. Over the past 30 days, the shares of Spirit Airlines Inc (NYSE:SAVE) have changed -23.38%.

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 -78.00% over the past 6 months, with this year growth rate of 15.81%, compared to -3.10% 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 -75.60% and -258.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.10%.

10 analysts offering their estimates for the company have set an average revenue estimate of $1.27 billion for the current quarter. 10 have an estimated revenue figure of $1.47 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 -6.20% for the current quarter and 0.00% for the next.

SAVE Dividends

Spirit Airlines Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.