In last trading session, Spirit Airlines Inc (NYSE:SAVE) saw 3.92 million shares changing hands with its beta currently measuring 1.39. Company’s recent per share price level of $1.63 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $178.52M. That closing price of SAVE’s stock is at a discount of -928.83% from its 52-week high price of $16.77 and is indicating a premium of 14.11% from its 52-week low price of $1.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.86 million shares which gives us an average trading volume of 5.28 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 4.33. Splitting up the data highlights that, out of 11 analysts covering the stock, 4 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -2.22 in the current quarter.
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Spirit Airlines Inc (NYSE:SAVE) trade information
Spirit Airlines Inc’s shares saw a change of -89.78% in year-to-date performance and have moved -5.23% in past 5-day. Spirit Airlines Inc (NYSE:SAVE) showed a performance of -36.33% in past 30-days. Number of shares sold short was 35.72 million shares which calculate 8.59 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 25 to the stock, which implies a rise of 93.48% to its current value. Analysts have been projecting 2 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 drop -22.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.7% 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 -60.34% of value to its shares in past 6 months, showing an annual growth rate of -111.55% while that of industry is -18.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -7.50% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.19B for the same. And 9 analysts are in estimates of company making revenue of 1.21B in the next quarter. Company posted 1.26B and 1.32B of sales in current and next quarters respectively a year earlier.
Spirit Airlines Inc (NYSE:SAVE)’s Major holders
Insiders are in possession of 0.86% of company’s total shares while institution are holding 47.28 percent of that, with stock having share float percentage of 47.70%. Investors also watch the number of corporate investors in a company very closely, which is 47.28% institutions for Spirit Airlines Inc that are currently holding shares of the company. GRAHAM CAPITAL MANAGEMENT, L.P. is the top institutional holder at SAVE for having 8.52 million shares of worth $31.19 million. And as of 2024-06-30, it was holding 7.7863 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 8.13 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.4261 of outstanding shares, having a total worth of $29.74 million.
On the other hand, ETF Series Solutions-U.S. Global Jets ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 9.98 shares of worth $16.27 million or 9.11% of the total outstanding shares. The later fund manager was in possession of 3.29 shares on Jun 30, 2024 , making its stake of worth around $5.36 million in the company or a holder of 3.00% of company’s stock.
