Stocks of Spirit Airlines Inc (SAVE) are poised to climb above their peers

With 4.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.37 million shares. The 52-week range on SAVE shows that it touched its highest point at $18.44 and its lowest point at $3.93 during that stretch. It currently has a 1-year price target of $6.62. With its current market cap of 506.89 million, SAVE has annualized dividend of $0.00 while the current yield stands at 0.00%. Beta for the stock currently stands at 1.35.

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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 down-trending over the past week, with a drop of -2.53%, but this was down by -28.33% over a month. Three-month performance dropped to -70.96% while six-month performance fell -70.56%. The stock lost -70.58% in the past year, while it has lost -70.96% so far this year. A look at the trailing 12-month EPS for SAVE yields -4.10 with Next year EPS estimates of -1.53. For the next quarter, that number is -1.42. This implies an EPS growth rate of 18.75% for this year and 42.69% for next year.

Float and Shares Shorts:

At present, 109.26 million SAVE shares are outstanding with a float of 108.31 million shares on hand for trading. On Mar 15, 2024, short shares totaled 26.49 million, which was 24.19% higher than short shares on Feb 15, 2024. In addition to SAVA as the firm’s Cassava Sciences, Inc., SAVE serves as its Spirit Airlines, Inc.

Institutional Ownership:

Through their ownership of 60.31% of SAVE’s outstanding shares, institutional investors have majority control over the company.

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.