On 3/4/24, Spirit Airlines Inc (NYSE: SAVE) stock suffered a major decline of -10.8%, closing at $5.76. Moreover, above average trading volume at 120% of normal accompanied the decline. The stock has declined -10.4% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SAVE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Spirit Airlines has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Spirit Airlines has a good Appreciation Score of 83 but a very low Power Rating of 0, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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