In recent trading session, Spirit Airlines Inc (NYSE:SAVE) saw 3.37 million shares changing hands at last check today with its beta currently measuring 1.41. Company’s recent per share price level of $3.41 trading at -$0.21 or -5.66% at last check today assigns it a market valuation of $373.94M. That most recent trading price of SAVE’s stock is at a discount of -440.76% from its 52-week high price of $18.44 and is indicating a premium of 6.74% from its 52-week low price of $3.18. Taking a look at company’s average trading volume volume of 6.03 million if we extend that period to 3-months.
For Spirit Airlines Inc (SAVE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.92. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Spirit Airlines Inc (NYSE:SAVE) trade information
Upright in the red during last session for losing -5.66%, in the last five days SAVE remained trading in the red while hitting it’s week-highest on Monday, 07/01/24 when the stock touched $3.41 price level, adding 8.82% to its value on the day. Spirit Airlines Inc’s shares saw a change of -78.58% in year-to-date performance and have moved -6.18% in past 5-day. Spirit Airlines Inc (NYSE:SAVE) showed a performance of -10.37% in past 30-days.
Wall Street analysts have assigned a consensus price target of 27.5 to the stock, which implies a rise of 87.6% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would jump 12.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.02% for stock’s current value.
Spirit Airlines Inc (SAVE) estimates and forecasts
Statistics highlight that Spirit Airlines Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -78.02% of value to its shares in past 6 months, showing an annual growth rate of -17.93% while that of industry is -11.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
SAVE Dividends
Spirit Airlines Inc is more likely to be releasing its next quarterly report in August 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.
