Spirit Airlines Inc. (NYSE: SAVE) is -54.13% lower on its value in year-to-date trading and has touched a low of $7.01 and a high of $47.50 in the current 52-week trading range. The SAVE stock was last observed hovering at around $18.31 in the last trading session, with the day’s gains setting it 0.18% off its average median price target of $19.00 for the next 12 months. It is also 36.24% off the consensus price target high of $29.00 offered by 15 analysts, but current levels are -164.14% lower than the price target low of $7.00 for the same period.
Currently trading at $18.49, the stock is 6.62% and 6.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.42 million and changing 0.98% at the moment leaves the stock -24.93% off its SMA200. SAVE registered -51.10% loss for a year compared to 6-month loss of -32.20%. The firm has a 50-day simple moving average (SMA 50) of $22.51% and a 200-day simple moving average (SMA200) of $20.38M.
The stock witnessed a 13.85% gain in the last 1 month and extending the period to 3 months gives it a 32.45%, and is 8.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.37% over the week and 5.68% over the month.
Spirit Airlines Inc. (SAVE) has around 8077 employees, a market worth around $1.62B and $2.87B in sales. Current P/E ratio is 101.59 and Fwd P/E is 37.66. Profit margin for the company is -0.30%. Distance from 52-week low is 163.77% and -61.07% from its 52-week high. The company has generated returns on investments over the last 12 months (8.90%).
Spirit Airlines Inc. (SAVE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Spirit Airlines Inc. (SAVE) is a “Hold”. 15 analysts offering their recommendations for the stock have an average rating of 2.90, where 5 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Spirit Airlines Inc. is expected to release its quarterly report on 10/21/2020 and quarterly earnings per share for the current quarter are estimated at -$2.65 with sales reaching $364.17M over the same period.The EPS is expected to grow by 114.90% this year, but quarterly earnings will post -52.70% year-over-year.
Spirit Airlines Inc. (SAVE) Top Institutional Holders
322 institutions hold shares in Spirit Airlines Inc. (SAVE), with 673.9k shares held by insiders accounting for 0.76% while institutional investors hold 102.98% of the company’s shares. The shares outstanding are 88.67M, and float is at 88.10M with Short Float at 22.65%. Institutions hold 102.20% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 7.71 million shares valued at $137.29 million. The investor’s holdings represent 8.70% of the SAVE Shares outstanding. As of Jun 29, 2020, the second largest holder is FMR, LLC with 6.18 million shares valued at $110.0 million to account for 6.97% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.1 million shares representing 6.88% and valued at over $108.53 million, while Dimensional Fund Advisors LP holds 5.08% of the shares totaling 4.5 million with a market value of $80.11 million.
Spirit Airlines Inc. (SAVE) Insider Activity
A total of 10 insider transactions have happened at Spirit Airlines Inc. (SAVE) in the last six months, with sales accounting for 2 and purchases happening 8 times. The most recent transaction is an insider sale by JOHNSON ROBERT D, the company’s Director. SEC filings show that JOHNSON ROBERT D sold 500 shares of the company’s common stock on Jun 01 at a price of $13.00 per share for a total of $6500.0. Following the sale, the insider now owns 10831.0 shares.
Spirit Airlines Inc. disclosed in a document filed with the SEC on Mar 10 that Canfield Thomas C (SVP, General Counsel and Sec) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $20.34 per share for $50850.0. Following the transaction, the insider now directly holds 59577.0 shares of the SAVE stock.
Still, SEC filings show that on Mar 02, JOHNSON ROBERT D (Director) disposed off 500 shares at an average price of $28.36 for $14180.0. The insider now directly holds 11,331 shares of Spirit Airlines Inc. (SAVE).
Spirit Airlines Inc. (SAVE): Who are the competitors?
The company’s main competitors (and peers) include Delta Air Lines Inc. (DAL) that is trading -44.73% down over the past 12 months. Southwest Airlines Co. (LUV) is -25.79% down on the 1-year trading charts.