NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis $2.51 0.00 (0.00%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$2.48▼$2.5750-Day Range$2.46▼$3.6452-Week Range$2.38▼$17.94Volume2.70 million shsAverage Volume3.22 million shsMarket Capitalization$274.90 millionP/E RatioN/ADividend YieldN/APrice Target$2.61 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingStrong Sell1.22 Rating ScoreUpside/Downside3.9% Upside$2.61 Price TargetShort InterestBearish32.09% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.15Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($6.94) to ($4.28) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.23 out of 5 starsTransportation Sector117th out of 120 stocksAir Transportation, Scheduled Industry16th out of 17 stocks 1.6 Analyst's Opinion Consensus RatingSpirit Airlines has received a consensus rating of Strong Sell. The company's average rating score is 1.22, and is based on no buy ratings, 2 hold ratings, and 7 sell ratings.Amount of Analyst CoverageSpirit Airlines has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Spirit Airlines' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted32.09% of the float of Spirit Airlines has been sold short.Short Interest Ratio / Days to CoverSpirit Airlines has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in Spirit Airlines has recently increased by 5.82%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpirit Airlines does not currently pay a dividend.Dividend GrowthSpirit Airlines does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SAVE. Previous Next 1.2 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Spirit Airlines this week, compared to 18 articles on an average week.Search InterestOnly 9 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spirit Airlines insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.72% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions58.73% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Spirit Airlines' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($6.94) to ($4.28) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Spirit Airlines is -0.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSpirit Airlines has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Spirit Airlines' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Golden CrestBiden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.>> Get Your FREE Wealth Protection Guide << About Spirit Airlines Stock (NYSE:SAVE)Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was incorporated in 1964 and is headquartered in Miramar, Florida.Read More SAVE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SAVE Stock News HeadlinesSeptember 5 at 5:31 PM | reuters.comLawyers in JetBlue-Spirit merger case lose bid for feesSeptember 5 at 1:23 AM | skift.comSpirit Airlines Furloughs 186 Pilots as Many Take Voluntary LeaveSeptember 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.September 4 at 11:42 PM | bizjournals.comSpirit Airlines furloughs over 180 pilotsSeptember 3, 2024 | bizjournals.comSpirit Airlines adds flight at Charlotte airport to popular spring break spotSeptember 3, 2024 | fool.comDown 97%, Is It Time to Buy Spirit Airlines Stock?August 31, 2024 | msn.comJetBlue, Spirit, and Frontier cut costs by delaying new plane ordersAugust 30, 2024 | msn.comSpirit Airlines Review: It’s Not as Bad as You ThinkSeptember 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.August 30, 2024 | businessinsider.comI fly dozens of times a year. Chase's new lounges are a game changer — and don't require a first-class ticket.August 30, 2024 | msn.comUnited Airlines sounds alarm about competitors’ plansAugust 30, 2024 | msn.comSpirit's Labor Day Sale Has $48 One-way Tickets — but You'll Have to Book SoonAugust 30, 2024 | wsj.comBudget Airlines Want to Go Premium. That’s Easier Said Than Done.August 30, 2024 | cnbc.comWhere are low-cost airlines cutting back now? New planesAugust 29, 2024 | americanbankingnews.comSpirit Airlines, Inc. (NYSE:SAVE) Receives Consensus Rating of "Strong Sell" from BrokeragesAugust 27, 2024 | yahoo.comSpirit Airlines adds enhanced customer experiences with priority check-in at Charlotte DouglasAugust 27, 2024 | yahoo.comStill looking to fly away for Labor Day? Check Labor Day deals from Frontier, SpiritAugust 27, 2024 | prnewswire.comSpirit Airlines Celebrates Launch of Newly Transformed Guest Experience with 'More Fly' GiveawaySee More Headlines Receive SAVE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spirit Airlines and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/01/2024Today9/07/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Air transportation, scheduled Sub-IndustryTransportation Current SymbolNYSE:SAVE CUSIPN/A CIK1498710 Webwww.spirit.com Phone(954) 447-7920Fax954-447-7979Employees13,167Year FoundedN/APrice Target and Rating Average Stock Price Target$2.61 High Stock Price Target$3.50 Low Stock Price Target$2.00 Potential Upside/Downside+3.9%Consensus RatingStrong Sell Rating Score (0-4)1.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($4.44) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-447,460,000.00 Net Margins-13.20% Pretax Margin-15.19% Return on Equity-57.87% Return on Assets-6.51% Debt Debt-to-Equity Ratio3.86 Current Ratio0.94 Quick Ratio0.94 Sales & Book Value Annual Sales$5.13 billion Price / Sales0.05 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.24Miscellaneous Outstanding Shares109,501,000Free Float108,713,000Market Cap$274.85 million OptionableOptionable Beta1.39 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Edward M. Christie III (Age 53)President, CEO & Director Comp: $1.85MMr. Scott M. Haralson (Age 51)Executive VP & CFO Comp: $841.27kMr. John Bendoraitis (Age 60)Executive VP & COO Comp: $964.05kMs. Melinda C. Grindle (Age 50)Senior VP & Chief Human Resources Officer Comp: $657.28kMr. Matthew H. Klein (Age 50)Executive VP & Chief Commercial Officer Comp: $879.3kMr. Rocky B. Wiggins (Age 65)Senior VP & Chief Information Officer Comp: $798.12kDeAnne GabelSenior Director of Investor RelationsMr. Thomas C. Canfield (Age 68)Senior VP, General Counsel & Company Secretary Comp: $701.45kMr. Brian J. McMenamy (Age 65)VP & Controller Simon GoreTreasurerMore ExecutivesKey CompetitorsUniversal LogisticsNASDAQ:ULHBristow GroupNYSE:VTOLAzulNYSE:AZULCapital Product PartnersNASDAQ:CPLPFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipTruist Financial CorpBought 10,580 shares on 8/21/2024Ownership: 0.028%Susquehanna International Group LLPSold 911,300 shares on 8/16/2024Ownership: 0.000%SkyView Investment Advisors LLCBought 49,404 shares on 8/16/2024Ownership: 0.133%Cim Investment Management Inc.Sold 4,982 shares on 8/16/2024Ownership: 0.019%Quarry LPSold 400,000 shares on 8/16/2024Ownership: 0.000%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions How have SAVE shares performed this year? Spirit Airlines' stock was trading at $16.39 at the beginning of 2024. Since then, SAVE shares have decreased by 84.7% and is now trading at $2.51. View the best growth stocks for 2024 here. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) released its quarterly earnings results on Thursday, August, 1st. The company reported ($1.44) earnings per share for the quarter, missing the consensus estimate of ($1.30) by $0.14. The business's revenue was down 10.6% compared to the same quarter last year. What is Ted Christie's approval rating as Spirit Airlines' CEO? 78 employees have rated Spirit Airlines Chief Executive Officer Ted Christie on Glassdoor.com. Ted Christie has an approval rating of 93% among the company's employees. This puts Ted Christie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are Spirit Airlines' major shareholders? Spirit Airlines' top institutional shareholders include III Capital Management, Dimensional Fund Advisors LP (1.14%), Bank of New York Mellon Corp (0.99%) and Murchinson Ltd.. View institutional ownership trends. How do I buy shares of Spirit Airlines? Shares of SAVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SAVE) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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Addiction has overwhelmed these once thriving coal towns. ...Porter & Company | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Spirit Airlines, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Spirit Airlines With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. 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