NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis $2.79 -0.08 (-2.79%) (As of 08/20/2024 ET) Add Compare Share Share Today's Range$2.76▼$2.8750-Day Range$2.54▼$3.8952-Week Range$2.49▼$17.94Volume2.18 million shsAverage Volume10.10 million shsMarket Capitalization$305.56 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/Downside6.6% Downside$2.61 Price TargetShort InterestBearish30.27% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.06Based on 12 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($6.74) to ($4.17) 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.0.25 out of 5 starsTransportation Sector125th out of 126 stocksAir Transportation, Scheduled Industry17th out of 18 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 Shorted30.27% 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 5.7.Change versus previous monthShort interest in Spirit Airlines has recently increased by 3.21%, indicating that investor sentiment is decreasing. 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 1.1 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.06. 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 0.39 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 12 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 ($6.74) to ($4.17) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.63, 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 -0.63, 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 0.38. 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 Behind the MarketsSecure this "AI Fuel" Stock Before the Billionaires Buy It AllAccording to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.Click here for the ticker >>> 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 HeadlinesJuly 30, 2024 | marketbeat.comSpirit Airlines is going upscale. In a break from its history, it will offer fares with extra perksSpirit Airlines is about to roll out tickets that include perks like free snacks and no fee for checking a bagAugust 20 at 9:11 PM | marketwatch.comSpirit Airlines Inc. stock underperforms Tuesday when compared to competitorsAugust 21, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.August 20 at 11:49 AM | msn.comAlaska Airlines and Hawaiian Airlines are one big step closer to mergingAugust 19 at 4:29 AM | americanbankingnews.comSusquehanna Cuts Spirit Airlines (NYSE:SAVE) Price Target to $2.25August 18 at 8:00 AM | msn.comBattling for Budget Bookings, Discount Airlines Offer ‘Poor Man’s First Class’August 17, 2024 | finance.yahoo.comSAVE Aug 2024 6.500 put (SAVE240823P00006500)August 16, 2024 | yahoo.comFormer Spirit Airlines CEO retires from podcast: No longer strong enough despite AI voiceAugust 21, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.August 16, 2024 | yahoo.comSpirit Airlines adding flight at CLT airportAugust 15, 2024 | news.yahoo.comI flew Spirit Airlines for the first time. I was pleasantly surprised, but the new ticket system gives me pause.August 15, 2024 | msn.comAlaska Airlines merger talk lifts stock price of a popular airlineAugust 14, 2024 | bizjournals.comSpirit Airlines to add New Orleans flight at CLT airport this fallAugust 14, 2024 | prnewswire.comSay 'Yellow' to Spirit Airlines' New Travel Options and Reimagined LookAugust 13, 2024 | msn.comBudget airlines like Spirit and Southwest are getting more desperate. You're going to hate it.August 13, 2024 | msn.comUS judge dismisses consumer lawsuit over Hawaiian/Alaska Airlines dealAugust 12, 2024 | msn.comCheap airlines are acting expensive to better compete in a new industry landscapeAugust 11, 2024 | forbes.comAirline Exec Says Someone Will Shut Down. It’s Not Frontier Airlines.See 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 Earnings8/01/2024Today8/20/2024Next 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-6.6%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$5.36 billion Price / Sales0.06 Cash FlowN/A Price / Cash FlowN/A Book Value$7.39 per share Price / Book0.38Miscellaneous Outstanding Shares109,520,000Free Float108,713,000Market Cap$305.56 million OptionableOptionable Beta1.41 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?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 CompetitorsNavigatorNYSE:NVGSBristow GroupNYSE:VTOLUniversal LogisticsNASDAQ:ULHGlobal Ship LeaseNYSE:GSLFTAI InfrastructureNASDAQ:FIPView All CompetitorsInstitutional OwnershipMurchinson Ltd.Sold 1,000,000 shares on 8/16/2024Ownership: 0.000%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 on January 1st, 2024. Since then, SAVE stock has decreased by 83.0% and is now trading at $2.79. View the best growth stocks for 2024 here. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) issued its quarterly earnings results on Thursday, August, 1st. The company reported ($1.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.30) by $0.14. The business's revenue for the quarter was down 10.6% on a year-over-year basis. 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 8/21/2024 by MarketBeat.com Staff From Our PartnersElites' Plot: Control Trump and YOUR Money!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial inde...Golden Crest | SponsoredGrab this ETF paying a huge 22% dividendImagine a world where you don't have to stress about inflation eroding your savings... 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