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Spirit Airlines Inc (SAVE) Stock: A 52-Week Tale of Drops and Gains

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Spirit Airlines Inc’s current trading price is -64.50% away from its 52-week high, while its distance from the 52-week low is 66.63%. The stock’s price range during this period has varied between $3.99 and $18.73. The company, active in the Industrials sector, saw a trading volume of around 16.54 for the day, considerably higher average daily volume of 0.58 observed over the last three months.

Spirit Airlines Inc’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $18.73 on 07/12/23, with the lowest value being $3.99 on 01/18/24.

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How Financial Performance Impacts Market Capitalization

Spirit Airlines Inc (SAVE) has experienced a quarterly decline of -33.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 725.98M and boasts a workforce of Jan 24 2024 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 13.22, with a change in price of -9.33. Similarly, Spirit Airlines Inc recorded 11,325,444 in trading volume during the last 100 days, posting a change of -58.39%.

How SAVE’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SAVE stands at 6.08. Similarly, the long-term debt-to-equity ratio is also 5.60.

SAVE Stock Stochastic Average

As of today, the raw stochastic average of Spirit Airlines Inc over the past 50 days is 20.12%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 22.68%. Additionally, the Stochastic %K and %D values for the company were 24.00% and 23.36%, respectively, over the past 20 days.

SAVE Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -58.93% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -56.57%. Over the past 30 days, the price of SAVE has leaped by -57.20%. And in the last five days, it has surged by 5.56%.

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