Searching For Real Value In Market Debris At Spirit Airlines Inc (NYSE: SAVE)

After Hours

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. After-hours trades for Spirit Airlines Inc (SAVE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.15, or 1.44%, to $10.59. The Spirit Airlines Inc has recorded 42,503 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Paradise is Calling: U.S. Travelers Gain Daily, Low-Fare Flights to Tulum’s New Airport with Spirit Airlines.

Stocks Info

As a NYSE listed company, SAVE falls under the Industrials sector while operating within the Airlines industry segment. At the end of the last regular session, the stock closed at $10.44 and fluctuated between $11.34 as its day high and $10.35 as its day low. The current market capitalization of Spirit Airlines Inc is $1.14B. A total of 6.29 million shares were traded on the day, compared to an average of 2.85M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 32 BUYs and 20 SELLs from insiders. Insiders purchased 276,377 shares during that period but sold 45,442.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. SAVE’s most recent ex-dividend date was 11/22/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 11/30/2023. Previously, the company paid the dividend on 10/31/2023 with an ex-dividend date of 10/24/2023. The SAVE stock dividend was $0.10 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SAVE in the last 3 months, the mean price target is $16.75 with high estimates of $29.00 and low estimates of $7.00. In terms of 52-week highs and lows, SAVE has a high of $20.79 and a low of $8.68.

As of this writing, SAVE has an earnings estimate of -$1.61 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$1.1 per share and a lower estimate of -$1.8. The company reported an EPS of $0.29 in the last quarter, which was -23.70% lower than expectations of $0.38.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $12.06, while its Total Shareholder’s Equity was $2.11B.

Analysts Opinion

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. 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.