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NYSE:SAVE

Spirit Airlines (SAVE) Stock Price, News & Analysis

Spirit Airlines logo
$2.34
-0.13 (-5.26%)
(As of 11/4/2024 ET)

About Spirit Airlines Stock (NYSE:SAVE)

Key Stats

Today's Range
$2.33
$2.45
50-Day Range
$1.45
$3.08
52-Week Range
$1.40
$17.01
Volume
4.75 million shs
Average Volume
20.14 million shs
Market Capitalization
$256.28 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.50
Consensus Rating
Strong Sell

Company Overview

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.

Spirit Airlines Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
7th Percentile Overall Score

SAVE MarketRank™: 

Spirit Airlines scored higher than 7% of companies evaluated by MarketBeat, and ranked 122nd out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Spirit 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 Coverage

    Spirit Airlines has only been the subject of 1 research reports in the past 90 days.

  • Read more about Spirit Airlines' stock forecast and price target.
  • Earnings Growth

    Earnings for Spirit Airlines are expected to grow in the coming year, from ($7.02) to ($4.28) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Spirit Airlines is -0.38, 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. Sector

    The P/E ratio of Spirit Airlines is -0.38, 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 Ratio

    Spirit Airlines has a P/B Ratio of 0.23. 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.
  • Percentage of Shares Shorted

    33.89% of the float of Spirit Airlines has been sold short.
  • Short Interest Ratio / Days to Cover

    Spirit Airlines has a short interest ratio ("days to cover") of 4.6.
  • Change versus previous month

    Short interest in Spirit Airlines has recently increased by 2.63%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Spirit Airlines does not currently pay a dividend.

  • Dividend Growth

    Spirit Airlines does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    33.89% of the float of Spirit Airlines has been sold short.
  • Short Interest Ratio / Days to Cover

    Spirit Airlines has a short interest ratio ("days to cover") of 4.6.
  • Change versus previous month

    Short interest in Spirit Airlines has recently increased by 2.63%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Spirit Airlines has a news sentiment score of 0.00. 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 0.43 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Spirit Airlines this week, compared to 19 articles on an average week.
  • Search Interest

    47 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 262% compared to the previous 30 days.
  • MarketBeat Follows

    19 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 850% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Spirit Airlines insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.72% of the stock of Spirit Airlines is held by insiders.

  • Percentage Held by Institutions

    58.73% 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.
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SAVE Stock News Headlines

A line of Spirit Airlines jets sit on the tarmac at Orlando International Airport on May 20, 2020, …
Spirit Airlines plans to cut jobs and sell some planes amid looming financial sturggles
Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future
A line of Spirit Airlines jets sit on the tarmac at Orlando International Airport on May 20, 2020, …
Spirit Airlines plans to cut jobs and sell some planes amid looming financial sturggles
Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future
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Airbus A321 jet (registration N710NK) operated by Spirit Airlines at Baltimore Washington International airport.
Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead? (SAVE)
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See More Headlines

SAVE Stock Analysis - Frequently Asked Questions

Spirit Airlines' stock was trading at $16.39 at the start of the year. Since then, SAVE stock has decreased by 85.7% and is now trading at $2.34.
View the best growth stocks for 2024 here
.

Spirit Airlines, Inc. (NYSE:SAVE) released its quarterly earnings results on Thursday, August, 1st. The company reported ($1.44) EPS for the quarter, missing analysts' consensus estimates of ($1.30) by $0.14. The company's quarterly revenue was down 10.6% compared to the same quarter last year.

Top institutional investors of Spirit Airlines include U S Global Investors Inc. (10.96%), Roman Butler Fullerton & Co. (0.24%), Harbor Capital Advisors Inc. (0.05%) and Ballentine Partners LLC (0.04%).
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Spirit Airlines investors own include Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), Delta Air Lines (DAL), Advanced Micro Devices (AMD), Netflix (NFLX) and JPMorgan Chase & Co. (JPM).

Company Calendar

Last Earnings
8/01/2024
Today
11/05/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Transportation
Employees
13,167
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.50
High Stock Price Target
$3.50
Low Stock Price Target
$1.50
Potential Upside/Downside
+6.8%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.22
Research Coverage
9 Analysts

Profitability

Net Income
$-447,460,000.00
Pretax Margin
-15.19%

Debt

Sales & Book Value

Annual Sales
$5.13 billion
Book Value
$10.39 per share

Miscellaneous

Free Float
108,729,000
Market Cap
$256.27 million
Optionable
Optionable
Beta
1.37
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This page (NYSE:SAVE) was last updated on 11/5/2024 by MarketBeat.com Staff
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