Spirit Airlines Inc (SAVE) concluded trading on Thursday at a closing price of $2.24, with 4.75 million shares of worth about $10.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -51.09% during that period and on October 03, 2024 the price saw a loss of about -3.45%. Currently the company’s common shares owned by public are about 109.26M shares, out of which, 108.18M shares are available for trading.
Stock saw a price change of -8.94% in past 5 days and over the past one month there was a price change of -9.31%. Year-to-date (YTD), SAVE shares are showing a performance of -85.95% which decreased to -85.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.28 but also hit the highest price of $16.77 during that period. The average intraday trading volume for Spirit Airlines Inc shares is 4.53 million. The stock is currently trading -8.85% below its 20-day simple moving average (SMA20), while that difference is down -14.32% for SMA50 and it goes to -56.35% lower than SMA200.
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Spirit Airlines Inc (NYSE: SAVE) currently have 109.26M outstanding shares and institutions hold larger chunk of about 35.32% of that.
The stock has a current market capitalization of $245.32M and its 3Y-monthly beta is at 1.38. It has posted earnings per share of -$6.19 in the same period. It has Quick Ratio of 0.94 while making debt-to-equity ratio of 9.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SAVE, volatility over the week remained 6.05% while standing at 5.11% over the month.
Stock’s fiscal year EPS is expected to drop by -111.66% while it is estimated to increase by 35.47% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on July 17, 2024 offering a Sell rating for the stock and assigned a target price range of between $3 and $2 to it. Coverage by Deutsche Bank stated Spirit Airlines Inc (SAVE) stock as a Sell in their note to investors on July 08, 2024, suggesting a price target of $2 for the stock. On July 05, 2024, Raymond James Downgrade their recommendations, while on May 07, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $3. Stock get a Hold rating from TD Cowen on April 16, 2024.
