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Sunday, April 2, 2023

Are Things Looking Up For Spirit Airlines Inc. (NYSE: SAVE)?

After Hours

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 -$0.01, or -0.06%, to $17.10. The Spirit Airlines Inc. has recorded 15,692 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Spirit Airlines Raises $1.5M+ ‘Fore’ Charities in South Florida & Beyond at Annual Spirit Open Golf Tournament.

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Stocks Info

The company is listed on the NYSE and operates within the Airlines industry segment. At the end of the last regular session, the stock closed at $17.11 and fluctuated between $17.12 as its day high and $16.75 as its day low. The current market capitalization of Spirit Airlines Inc. is $1.91B. A total of 1.18 million shares were traded on the day, compared to an average of 1.62M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SAVE has seen 23 BUY and 16 SELL insider trades, representing the acquisition of 251,152 and the disposition of 40,490 shares. Over the last 12 months, there were 23 BUYs and 22 SELLs from insiders. Insiders purchased 251,152 shares during that period but sold 45,902.

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.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. SAVE’s most recent ex-dividend date was 2/21/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 2/28/2023. Previously, the company paid the dividend on 1/31/2023 with an ex-dividend date of 1/24/2023. The SAVE stock dividend was $0.10 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SAVE in the last 3 months, the mean price target is $24.38 with high estimates of $30.00 and low estimates of $20.00. In terms of 52-week highs and lows, SAVE has a high of $27.74 and a low of $15.84.

As of this writing, SAVE has an earnings estimate of -$0.48 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.62. The company reported an EPS of $0.03 in the last quarter, which was 130.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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