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Do Analysts Expect Spirit Airlines Inc (SAVE) Stock to Rise After It Is Down -13.24% in a Month?

Friday, March 24, 2023 10:18 AM | InvestorsObserver Analysts

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Do Analysts Expect Spirit Airlines Inc (SAVE) Stock to Rise After It Is Down -13.24% in a Month?

InvestorsObserver is giving Spirit Airlines Inc (SAVE) an Analyst Rating Rank of 6, meaning SAVE is ranked higher by analysts than 6% of stocks. The average price target for SAVE is $25.714 and analyst’s rate the stock as a Hold.

Overall Score - 3
Wall Street analysts are rating SAVE a Hold today. Find out what this means to you and get the rest of the rankings on SAVE!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when 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 information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Spirit Airlines Inc Stock Today?

Spirit Airlines Inc (SAVE) stock is trading at $16.52 as of 10:08 AM on Friday, Mar 24, a decline of -$0.31, or -1.84% from the previous closing price of $16.83. The stock has traded between $16.43 and $16.84 so far today. Volume today is less active than usual. So far 222,190 shares have traded compared to average volume of 2,409,744 shares. Click Here to get the full Stock Report for Spirit Airlines Inc stock.

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