Make Sure You Stick With Spirit Airlines Inc (SAVE). It’s Bull Time Again

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Spirit Airlines Reports Fourth Quarter and Full Year 2023 Results.

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Stocks Info

Spirit Airlines Inc is listed on the NYSE in the Industrials sector while operating in the Airlines industry. At the end of the last regular session, the stock closed at $6.46 and fluctuated between $6.59 as its day high and $6.28 as its day low. The current market capitalization of Spirit Airlines Inc is $707.24M. A total of 4.3 million shares were traded on the day, compared to an average of 16.70M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 9 BUYs and 1 SELLs from insiders. Insiders purchased 25,225 shares during that period but sold 2,604.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. SAVE’s most recent ex-dividend date was 2/22/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 2/29/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 1/24/2024. The SAVE stock dividend was $0.10 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SAVE in the last 3 months, the mean price target is $7.14 with high estimates of $18.00 and low estimates of $4.00. In terms of 52-week highs and lows, SAVE has a high of $18.44 and a low of $3.93.

As of this writing, SAVE has an earnings estimate of -$1.4 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$1.3 per share and a lower estimate of -$1.5. The company reported an EPS of -$1.37 in the last quarter, which was 7.40% higher than expectations of -$1.48.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $10.38, while its Total Shareholder’s Equity was $2.11B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 2.22.

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