Spirit Airlines Inc (NYSE:SAVE) price on Thursday, May 09,rose 12.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.84.
A look at the stock’s price movement, the close in the last trading session was $3.40. Turning to its 52-week performance, $18.44 and $3.18 were the 52-week high and 52-week low respectively. Overall, SAVE moved -13.90% over the past month.
Spirit Airlines Inc’s market cap currently stands at around $420.48 million.
Analysts have a consensus estimate of 1.36B for the company’s revenue for the quarter, with a low and high estimate of 1.32B and 1.48B respectively. The average forecast suggests down to a -7.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.5B, representing a 2.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SAVE is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
SAVE’s current price about 1.17% and -13.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.11, while 7-day volatility ratio is 9.80% and 6.96% in the 30-day chart. Further, Spirit Airlines Inc (SAVE) has a beta value of 1.39, and an average true range (ATR) of 0.30.
If we refocus on Spirit Airlines Inc (NYSE:SAVE), historical trading data shows that trading volumes averaged 6.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 109.26 million shares.
The 1.06% of Spirit Airlines Inc’s shares are in the hands of company insiders while institutional holders own 56.97% of the company’s shares. Current price change has pushed the stock -75.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SAVE stock continues to rise going into the next quarter.
