Spirit Airlines Inc (NYSE: SAVE) on Monday, soared 2.87% from the previous trading day, before settling in for the closing price of $2.79. Within the past 52 weeks, SAVE’s price has moved between $1.40 and $16.55.
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Annual sales at Industrials sector company grew by 20.74% over the past five years. The company achieved an average annual earnings per share of -109.59%. With a float of $108.18 million, this company’s outstanding shares have now reached $109.26 million.
Let’s look at the performance matrix of the company that is accounted for 12798 employees. In terms of profitability, gross margin is 1.63%, operating margin of -15.17%, and the pretax margin is -15.19%.
Spirit Airlines Inc (SAVE) Insider and Institutional Ownership
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Spirit Airlines Inc is 1.22%, while institutional ownership is 57.25%.
Spirit Airlines Inc (SAVE) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.37 earnings per share (EPS) for the period topping the consensus outlook (set at -1.48) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -109.59% per share during the next fiscal year.
Spirit Airlines Inc (NYSE: SAVE) Trading Performance Indicators
Spirit Airlines Inc (SAVE) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.19, a number that is poised to hit -2.30 in the next quarter and is forecasted to reach -4.43 in one year’s time.
Technical Analysis of Spirit Airlines Inc (SAVE)
Spirit Airlines Inc (NYSE: SAVE) saw its 5-day average volume 39.62 million, a positive change from its year-to-date volume of 10.32 million. As of the previous 9 days, the stock’s Stochastic %D was 68.61%. Additionally, its Average True Range was 0.36.
During the past 100 days, Spirit Airlines Inc’s (SAVE) raw stochastic average was set at 56.76%, which indicates a significant decrease from 77.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 272.92% in the past 14 days, which was higher than the 125.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.35, while its 200-day Moving Average is $3.92. Nevertheless, the first resistance level for the watch stands at $3.02 in the near term. At $3.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.26. If the price goes on to break the first support level at $2.78, it is likely to go to the next support level at $2.70. The third support level lies at $2.54 if the price breaches the second support level.
Spirit Airlines Inc (NYSE: SAVE) Key Stats
Market capitalization of the company is 314.32 million based on 109,501K outstanding shares. Right now, sales total 5,363 M and income totals -447,460 K. The company made 1,281 M in profit during its latest quarter, and -192,930 K in sales during its previous quarter.
