In last trading session, Spirit Airlines Inc (NYSE:SAVE) saw 5.94 million shares changing hands with its beta currently measuring 1.41. Company’s recent per share price level of $3.44 trading at -$0.09 or -2.55% at ring of the bell on the day assigns it a market valuation of $376.61M. That closing price of SAVE’s stock is at a discount of -436.05% from its 52-week high price of $18.44 and is indicating a discount of -0.87% from its 52-week low price of $3.47. Taking a look at company’s average trading volume volume of 7.16 million if we extend that period to 3-months.

Spirit Airlines Inc (NYSE:SAVE) trade information

Upright in the red during last session for losing -2.55%, in the last five days SAVE remained trading in the red while hitting it’s week-highest on Tuesday, 04/30/24 when the stock touched $3.44 price level, adding 8.51% to its value on the day. Spirit Airlines Inc’s shares saw a change of -78.42% in year-to-date performance and have moved -6.52% in past 5-day. Spirit Airlines Inc (NYSE:SAVE) showed a performance of -25.70% in past 30-days.

Spirit Airlines Inc (SAVE) estimates and forecasts

Statistics highlight that Spirit Airlines Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -72.54% of value to its shares in past 6 months, showing an annual growth rate of 15.81% while that of industry is -4.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -76.80% in the current quarter and calculating -275.90% decrease in the next quarter. This year revenue growth is estimated to rise 5.80% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.27 billion for the same. And 10 analysts are in estimates of company making revenue of $1.46 billion in the next quarter that will end on Jun 2024. Company posted $1.35 billion and $1.47 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -6.30% while estimating it to be -0.60% for the next quarter.

SAVE Dividends

Spirit Airlines Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.