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Saturday, June 3, 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 same, with the stock’s consolidated last price remained same to $14.83. The Spirit Airlines Inc. has recorded 25,618 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Spirit Airlines Launches its Puerto Rico Expansion, Adding Nonstop Flights Stretching to Texas and the Midwest.

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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 $14.83 and fluctuated between $15.03 as its day high and $14.75 as its day low. The current market capitalization of Spirit Airlines Inc. is $1.64B. A total of 1.92 million shares were traded on the day, compared to an average of 1.94M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SAVE has seen 9 BUY and 1 SELL insider trades, representing the acquisition of 25,225 and the disposition of 2,604 shares. Over the last 12 months, there were 32 BUYs and 21 SELLs from insiders. Insiders purchased 276,377 shares during that period but sold 45,508.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. SAVE’s most recent ex-dividend date was 5/23/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 5/31/2023. Previously, the company paid the dividend on 4/28/2023 with an ex-dividend date of 4/21/2023. 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 $21.63 with high estimates of $30.00 and low estimates of $10.00. In terms of 52-week highs and lows, SAVE has a high of $24.95 and a low of $14.99.

As of this writing, SAVE has an earnings estimate of $0.33 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.45 per share and a lower estimate of $0.18. The company reported an EPS of $0.12 in the last quarter, which was 200.00% higher than expectations of $0.04.

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. SAVE’s latest balance sheet shows that the firm has $1.44B in Cash & Short Term Investments as of fiscal 2021. There were $5.12B in debt and $1.28B in liabilities at the time. Its Book Value Per Share was $13.47, while its Total Shareholder’s Equity was $2.11B.

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, 0 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 Buy with a score of 3.00.

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