Spirit Airlines (SAVE) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $1.08 to $1.08
• 50-Day Range: $1.08 to $3.39
• 52-Week Range: $1.02 to $17.02
• Volume: 19,128 shs
• Average Volume: 26.98 million shs
• Market Capitalization: $118.28 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.00
• Consensus Rating: Strong Sell

Spirit Airlines Stock Analysis - MarketRank™

Spirit Airlines scored higher than 33% of companies evaluated by MarketBeat, and ranked 102nd out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.6 / 5
• Analyst Rating: Strong Sell

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 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

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 -0.17, 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 -0.17, 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 0.10. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

34.66% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Spirit Airlines has recently increased by 2.29%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Spirit Airlines does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

34.66% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Spirit Airlines has recently increased by 2.29%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: -0.23

News Sentiment

Spirit Airlines has a news sentiment score of -0.23. 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 0.55 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 46 news articles for Spirit Airlines this week, compared to 19 articles on an average week.

Search Interest

64 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 191% compared to the previous 30 days.

MarketBeat Follows

13 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

SAVE Stock Analysis - Frequently Asked Questions

How have SAVE shares performed this year?

Spirit Airlines' stock was trading at $16.39 at the start of the year. Since then, SAVE stock has decreased by 93.4% and is now trading at $1.08.
View the best growth stocks for 2024 here.

How were Spirit Airlines' earnings last quarter?

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

Who are Spirit Airlines' major shareholders?

Top institutional shareholders of Spirit Airlines include U S Global Investors Inc. (10.96%), LMR Partners LLP, Kore Advisors LP and Shaolin Capital Management LLC.
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.

What other stocks do shareholders of Spirit Airlines own?

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: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Air transportation, scheduled
• Sub-Industry: Transportation
• Current Symbol: NYSE:SAVE
• CUSIP: N/A
• CIK: 1498710
• Web: www.spirit.com
• Phone: (954) 447-7920
• Fax: 954-447-7979
• Employees: 13,167
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.00
• High Stock Price Target: $3.50
• Low Stock Price Target: $0.50
• Potential Upside/Downside: +85.2%
• Consensus Rating: Strong Sell
• Rating Score (0-4): 1.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($6.18)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net 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 Ratio: 3.86
• Current Ratio: 0.94
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $5.36 billion
• Price / Sales: 0.02
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $10.39 per share
• Price / Book: 0.10

Miscellaneous

• Outstanding Shares: 109,520,000
• Free Float: 108,729,000
• Market Cap: $118.28 million
• Optionable: Optionable
• Beta: 1.37