Take off with Spirit Airlines Inc (SAVE): Get ready for trading

With 13.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.26 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $2.85 whereas the lowest price it dropped to was $2.58. The 52-week range on SAVE shows that it touched its highest point at $16.55 and its lowest point at $1.40 during that stretch. It currently has a 1-year price target of $1.93. Beta for the stock currently stands at 1.38.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SAVE was up-trending over the past week, with a rise of 23.22%, but this was up by 8.33% over a month. Three-month performance dropped to -13.62% while six-month performance fell -26.35%. The stock lost -81.54% in the past year, while it has lost -83.69% so far this year. A look at the trailing 12-month EPS for SAVE yields -6.19 with Next year EPS estimates of -4.43. For the next quarter, that number is -2.30. This implies an EPS growth rate of -109.59% for this year and 35.79% for next year.

Float and Shares Shorts:

At present, 109.26 million SAVE shares are outstanding with a float of 108.18 million shares on hand for trading. On 2024-10-15, short shares totaled 36.66 million, which was 3347.0002 higher than short shares on 1726185600. In addition to Mr. Edward M. Christie III as the firm’s President, CEO & Director, Mr. John Bendoraitis serves as its Executive VP & COO.

Institutional Ownership:

Through their ownership of 0.47268 of SAVE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, SAVE reported revenue of $1280889000.0 and operating income of -$166940000.0. The EBITDA in the recently reported quarter was -$74858000.0 and diluted EPS was -$1.76.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SAVE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.