Spirit Airlines Inc (NYSE: SAVE) kicked off on Friday, down -3.69% from the previous trading day, before settling in for the closing price of $4.34. Over the past 52 weeks, SAVE has traded in a range of $3.93-$18.44.
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During the last 5-year period, the sales growth of Industrials Sector giant was 20.74%. While this was happening, its average annual earnings per share was recorded 19.40%. With a float of $108.31 million, this company’s outstanding shares have now reached $109.26 million.
Let’s determine the extent of company efficiency that accounts for 12798 employees.
Spirit Airlines Inc (SAVE) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Airlines Industry. The insider ownership of Spirit Airlines Inc is 1.07%, while institutional ownership is 59.30%.
Spirit Airlines Inc (SAVE) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported -$1.36 earnings per share (EPS), higher than consensus estimate (set at -$1.46) by $0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.40% per share during the next fiscal year.
Spirit Airlines Inc (NYSE: SAVE) Trading Performance Indicators
Take a look at Spirit Airlines Inc’s (SAVE) current performance indicators. Last quarter, stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.10, a number that is poised to hit -1.42 in the next quarter and is forecasted to reach -1.42 in one year’s time.
Technical Analysis of Spirit Airlines Inc (SAVE)
Looking closely at Spirit Airlines Inc (NYSE: SAVE), its last 5-days average volume was 5.4 million, which is a drop from its year-to-date volume of 15.48 million. As of the previous 9 days, the stock’s Stochastic %D was 7.67%. Additionally, its Average True Range was 0.35.
During the past 100 days, Spirit Airlines Inc’s (SAVE) raw stochastic average was set at 1.69%, which indicates a significant decrease from 4.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.85% in the past 14 days, which was lower than the 136.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.46, while its 200-day Moving Average is $12.63. However, in the short run, Spirit Airlines Inc’s stock first resistance to watch stands at $4.31. Second resistance stands at $4.44. The third major resistance level sits at $4.53. If the price goes on to break the first support level at $4.09, it is likely to go to the next support level at $4.00. Should the price break the second support level, the third support level stands at $3.87.
Spirit Airlines Inc (NYSE: SAVE) Key Stats
The company with the Market Capitalisation of 457.63 million has total of 109,478K Shares Outstanding. Its annual sales at the moment are 5,363 M in contrast with the sum of -447,460 K annual income. Company’s last quarter sales were recorded 1,322 M and last quarter income was -183,650 K.
