The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Spirit Airlines Inc. (SAVE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.24, or -1.07%, to $22.1. Volume reached 25,161 shares, with price reaching a high of $22.43 and a low of $22.04. Earlier, Yahoo Finance discussed this stock as it revealed Spirit Airlines Resumes Nonstop Flights Between South Florida and Managua, Nicaragua.
Spirit Airlines Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Airlines industry. At the end of the last regular session, the stock closed at $22.43 and fluctuated between $22.50 as its day high and $22.10 as its day low. The current market capitalization of Spirit Airlines Inc. is $2.51B. A total of 1.1 million shares were traded on the day, compared to an average of 2.17M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SAVE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 38 SELLs from insiders. Insiders purchased 165,147 shares during that period but sold 57,094.
In the most recent transaction, Wiggins Rocky sold 1,300 shares of SAVE for 19.00 per share on May 20. After the transaction, the SVP and CIO now owns 33,869 company shares. In a previous transaction on Feb 15, Canfield Thomas C sold 12,349 shares at 27.44 per share. SAVE shares that SVP, General Counsel and Sec owns now total 75,151.
Among the insiders who sold shares, Vanier Kevin Blake disposed of 1,100 shares on Feb 15 at a per-share price of $27.23. This resulted in the VP of FP & A holding 26,560 shares of SAVE after the transaction. In another insider transaction, JOHNSON ROBERT D sold 500 shares at $21.66 per share on Dec 01. Company shares held by the Director now total 13,600.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SAVE’s most recent ex-dividend date was 10/03/2022 when it declared a $2.22 quarterly dividend that was paid in cash on 10/03/2022.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SAVE in the last 3 months, the mean price target is $28.14 with high estimates of $30.00 and low estimates of $27.00. In terms of 52-week highs and lows, SAVE has a high of $28.30 and a low of $15.92.
As of this writing, SAVE has an earnings estimate of $-0.09 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.1 per share and a lower estimate of $-0.26. The company reported an EPS of $-0.3 in the last quarter, which was 11.76% higher than expectations of $-0.34.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SAVE is Hold with a score of 3.44. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.