Currently, there are 109.26M common shares owned by the public and among those 108.32M shares have been available to trade.
The company’s stock has a 5-day price change of -24.92% and -64.64% over the past three months. SAVE shares are trading -69.58% year to date (YTD), with the 12-month market performance down to -70.36% lower. It has a 12-month low price of $3.93 and touched a high of $18.44 over the same period. SAVE has an average intraday trading volume of 16.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -22.53%, -44.86%, and -63.72% respectively.
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Institutional ownership of Spirit Airlines Inc (NYSE: SAVE) shares accounts for 60.63% of the company’s 109.26M shares outstanding.
It has a market capitalization of $530.98M and a beta (3y monthly) value of 1.38. The earnings-per-share (ttm) stands at -$4.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.21% over the week and 5.66% over the month.
Analysts forecast that Spirit Airlines Inc (SAVE) will achieve an EPS of -$1.41 for the current quarter, -$0.39 for the next quarter and -$1.53 for 2025. The lowest estimate earnings-per-share for the quarter is -$1.5 while analysts give the company a high EPS estimate of -$1.36. Comparatively, EPS for the current quarter was -$0.82 a year ago. Earnings per share for the fiscal year are expected to increase by 18.00%, and 41.09% over the next financial year.
Looking at the support for the SAVE, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on January 22, 2024, with the firm’s price target at $11-$5. Citigroup coverage for the Spirit Airlines Inc (SAVE) stock in a research note released on January 18, 2024 offered a Sell rating with a price target of $4. BofA Securities was of a view on January 17, 2024 that the stock is Underperform, while Susquehanna gave the stock Negative rating on January 17, 2024, issuing a price target of $15- $5. Seaport Research Partners on their part issued Neutral rating on January 17, 2024.
