Spirit Airlines Inc (NYSE:SAVE)’s traded shares stood at 77.07 million during the last session, with the company’s beta value hitting 1.38. At the close of trading, the stock’s price was $3.08, to imply an increase of 45.97% or $0.97 in intraday trading. The SAVE share’s 52-week high remains $16.77, putting it -444.48% down since that peak but still an impressive 54.55% since price per share fell to its 52-week low of $1.40. The company has a valuation of $337.32M, with an average of 23.8 million shares in intraday trading volume over the past 10 days and average of 6.79 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Spirit Airlines Inc (SAVE), translating to a mean rating of 4.25. Of 11 analyst(s) looking at the stock, 4 analyst(s) give SAVE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy.
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Spirit Airlines Inc (NYSE:SAVE) trade information
After registering a 45.97% upside in the last session, Spirit Airlines Inc (SAVE) has traded red over the past five days. The 5-day price performance for the stock is 88.96%, and 29.96% over 30 days. With these gigs, the year-to-date price performance is -80.68%. Short interest in Spirit Airlines Inc (NYSE:SAVE) saw shorts transact 35.72 million shares and set a 8.59 days time to cover.
The extremes give us $2 and $35 for target low and target high price respectively. As such, SAVE has been trading -1036.36% off suggested target high and 35.06% from its likely low.
Spirit Airlines Inc (SAVE) estimates and forecasts
Looking at statistics comparing Spirit Airlines Inc share performance against respective industry, we note that the company has underperformed competitors. Spirit Airlines Inc (SAVE) shares are -16.30% down over the last 6 months, with its year-to-date growth rate lower than industry average at -111.55% against -15.60%.
SAVE Dividends
Spirit Airlines Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Spirit Airlines Inc (NYSE:SAVE)’s Major holders
Spirit Airlines Inc insiders hold 0.86% of total outstanding shares, with institutional holders owning 47.30% of the shares at 47.71% float percentage. In total, 47.30% institutions holds shares in the company, led by GRAHAM CAPITAL MANAGEMENT, L.P.. As of 2024-06-30, the company held over 8.52 million shares (or 7.7863% of shares), all amounting to roughly $31.19 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 8.13 million shares, or about 7.4261% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $29.74 million.
