Spirit Airlines Inc (NYSE: SAVE) stock closed at $3.84 on 5/9/24 after a major increase of 12.9%. Moreover, this advance was accompanied by unusually high trading volume at 157% of normal. The stock has risen 11.6% during the last week but 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 be above the cost of capital.
Spirit Airlines has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Spirit Airlines has a very high Appreciation Score of 95 but a very low Power Rating of 0, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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