Is Spirit Airlines Inc (SAVE) a good stock to buy now?

Spirit Airlines Inc (NYSE: SAVE) is -58.93% lower on its value in year-to-date trading and has touched a low of $3.99 and a high of $18.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SAVE stock was last observed hovering at around $7.18 in the last trading session, with the day’s loss setting it -0.53%.

Currently trading at $6.65, the stock is -12.10% and -45.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.83 million and changing -7.38% at the moment leaves the stock -53.90% off its SMA200. SAVE registered -63.10% loss for a year compared to 6-month gain of -56.57%. The firm has a 50-day simple moving average (SMA 50) of $1.18 and a 200-day simple moving average (SMA200) of -$28.52.

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The stock witnessed a -57.20% loss in the last 1 month and extending the period to 3 months gives it a -33.06%, and is 5.56% 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 9.69% over the week and 20.44% over the month.

Spirit Airlines Inc (SAVE) has around Jan 24 2024 employees, a market worth around $725.98M and $5.36B in sales. Profit margin for the company is -8.34%. Distance from 52-week low is 66.63% and -64.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.98%).

Spirit Airlines Inc quarterly earnings per share for the current quarter are estimated at -$1.53 with sales reaching $1.24B over the same period.The EPS is expected to grow by 15.64% this year, but quarterly earnings will post 2.50% year-over-year. Quarterly sales are estimated to shrink -8.50% in year-over-year returns.

Spirit Airlines Inc (SAVE) Top Institutional Holders

305 institutions hold shares in Spirit Airlines Inc (SAVE), with institutional investors hold 68.27% of the company’s shares. The shares outstanding are 109.26M, and float is at 107.94M with Short Float at 22.89%. Institutions hold 67.83% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 10.32 million shares valued at $177.01 million. The investor’s holdings represent 9.45% of the SAVE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 7.92 million shares valued at $135.91 million to account for 7.26% of the shares outstanding. The other top investors are FMR, LLC which holds 5.23 million shares representing 4.79% and valued at over $89.72 million, while Nomura Holdings Inc. holds 3.04% of the shares totaling 3.32 million with a market value of $56.94 million.

Spirit Airlines Inc (SAVE) Insider Activity

A total of 0 insider transactions have happened at Spirit Airlines Inc (SAVE) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Spirit Airlines Inc (SAVE): Who are the competitors?

The company’s main competitors (and peers) include Delta Air Lines Inc. (DAL) that is trading 4.95% up over the past 12 months. Alaska Air Group Inc. (ALK) that is -25.86% lower over the same period.