Spirit Airlines Inc (NYSE: SAVE) is -85.07% lower on its value in year-to-date trading and has touched a low of $2.38 and a high of $16.77 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 $2.50 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $2.38, the stock is -6.54% and -11.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.19 million and changing -4.80% at the moment leaves the stock -57.45% off its SMA200. SAVE registered -84.62% loss for a year compared to 6-month loss of -49.36%.
The stock witnessed a -12.50% gain in the last 1 month and extending the period to 3 months gives it a -33.70%, and is -4.80% down 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 4.48% over the week and 5.00% over the month.
Spirit Airlines Inc (SAVE) has around 12798 employees, a market worth around $260.66M and $5.13B in sales. Profit margin for the company is -13.20%. Distance from 52-week low is 0.00% and -85.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.64%).
The EPS is expected to shrink by -111.66% this year.
Spirit Airlines Inc (SAVE) Top Institutional Holders
259.0 institutions hold shares in Spirit Airlines Inc (SAVE), with institutional investors hold 45.10% of the company’s shares. The shares outstanding are 109.26M, and float is at 108.18M with Short Float at 29.32%. Institutions hold 44.72% of the Float.
The top institutional shareholder in the company is GRAHAM CAPITAL MANAGEMENT, L.P. with over 8.52 million shares valued at $31.19 million. The investor’s holdings represent 7.7863% of the SAVE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.13 million shares valued at $29.74 million to account for 7.4261 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 8.09 million shares representing 7.3951% and valued at over $29.62 million, while LMR PARTNERS LLP holds 3.0385 of the shares totaling 3.33 million with a market value of $12.17 million.
Spirit Airlines Inc (SAVE) Insider Activity
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