Do analysts expect shares of Spirit Airlines Incorporated (SAVE) to rise after falling -17.98% in one month?
Analysts who follow Spirit Airlines Incorporated (SAVE) on average expect it to climb 51.19% over the next twelve months. These same analysts give the stock an average buy rating. This average rating earns Spirit Airlines Incorporated an analyst rating of 30, meaning it ranks above 30 of stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than with the typical buy/sell/hold ranking.
What’s going on with Spirit Airlines Incorporated stock today?
Shares of Spirit Airlines Incorporated (SAVE) are trading at $20.57 at 3:33 p.m. Friday, May 27, up $0.71, or 3.58% from the previous closing price of 19.86 $. The stock has traded between $20.00 and $20.81 so far today. The volume today is light. So far, 2,809,635 shares have been traded with an average volume of 4,370,796 shares. Click here for the full Spirit Airlines Incorporated stock report.
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