Spirit Airlines Inc (NYSE:SAVE) has a beta value of 1.39 and has seen 0.63 million shares traded in the recent trading session. The company, currently valued at $279.25M, closed the recent trade at $2.55 per share which meant it lost -$0.03 on the day or -1.17% during that session. The SAVE stock price is -566.67% off its 52-week high price of $17.00 and 2.35% above the 52-week low of $2.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.21 million shares traded. The 3-month trading volume is 5.00 million shares.
The consensus among analysts is that Spirit Airlines Inc (SAVE) is Buy stock at the moment, with a recommendation rating of 4.33. 4 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -2.28.
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Spirit Airlines Inc (NYSE:SAVE) trade information
Sporting -1.17% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SAVE stock price touched $2.55 or saw a rise of 6.93%. Year-to-date, Spirit Airlines Inc shares have moved -84.01%, while the 5-day performance has seen it change -4.50%. Over the past 30 days, the shares of Spirit Airlines Inc (NYSE:SAVE) have changed -7.62%. Short interest in the company has seen 34.72 million shares shorted with days to cover at 6.65.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 89.8% from the levels at last check today. The projected low price target is $2.0 while the price target rests at a high of $35.0. In that case, then, we find that the latest price level in today’s session is -1272.55% off the targeted high while a plunge would see the stock lose 21.57% from the levels at last check today.
Spirit Airlines Inc (SAVE) estimates and forecasts
Figures show that Spirit Airlines Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -55.73% over the past 6 months, with this year growth rate of -110.94%, compared to -19.10% for the industry. Revenue growth from the last financial year stood is estimated to be -6.60%.
8 analysts offering their estimates for the company have set an average revenue estimate of 1.18B for the current quarter. 8 have an estimated revenue figure of 1.26B for the next ending quarter. Year-ago sales stood 1.26B and 1.32B respectively for this quarter and the next, and analysts expect sales will shrink by -6.10% for the current quarter and -6.60% for the next.
SAVE Dividends
Spirit Airlines Inc is expected to release its next earnings report on 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.00 at a share yield of 0.00%.
Spirit Airlines Inc (NYSE:SAVE)’s Major holders
Insiders own 0.86% of the company shares, while shares held by institutions stand at 45.08% with a share float percentage of 45.47%. Investors are also buoyed by the number of investors in a company, with Spirit Airlines Inc having a total of 261.0 institutions that hold shares in the company. The top two institutional holders are GRAHAM CAPITAL MANAGEMENT, L.P. with over 8.52 million shares worth more than $31.19 million. As of 2024-06-30, GRAHAM CAPITAL MANAGEMENT, L.P. held 7.7863% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 8.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $29.74 million and represent 7.4261% of shares outstanding.
