NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis $2.60 -0.27 (-9.42%) (As of 10/29/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends About Spirit Airlines Stock (NYSE:SAVE) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$2.58▼$2.8550-Day Range$1.45▼$3.0852-Week Range$1.40▼$17.01Volume13.90 million shsAverage Volume10.34 million shsMarket Capitalization$284.20 millionP/E RatioN/ADividend YieldN/APrice Target$2.50Consensus RatingStrong Sell Company OverviewSpirit 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… Watch this before it gets removed (Ad)If you missed it, my emergency election broadcast is now available - but will be removed soonClick here to watch it now. Spirit Airlines Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks8th Percentile Overall ScoreSAVE MarketRank™: Spirit Airlines scored higher than 8% of companies evaluated by MarketBeat, and ranked 122nd 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 Opinion0.6 / 5Analyst RatingStrong Sell 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 only been the subject of 1 research reports in the past 90 days.Read more about Spirit Airlines' stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($6.97) to ($4.31) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.42, 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 -0.42, 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 0.25. 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. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted33.89% 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 4.6.Change versus previous monthShort interest in Spirit Airlines has recently increased by 2.63%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldSpirit Airlines does not currently pay a dividend.Dividend GrowthSpirit Airlines does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted33.89% 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 4.6.Change versus previous monthShort interest in Spirit Airlines has recently increased by 2.63%, indicating that investor sentiment is decreasing. News and Social Media2.9 / 5News Sentiment0.22 News SentimentSpirit Airlines has a news sentiment score of 0.22. 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 0.52 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 37 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search Interest44 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat Follows18 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 800% compared to the previous 30 days. Company Ownership0.8 / 5Insider TradingN/A 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. SAVE Stock News HeadlinesSpirit Airlines plans to cut jobs and sell some planes amid looming financial sturgglesSpirit 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 futureOctober 25, 2024 | marketbeat.comSpirit Airlines plans to cut jobs and sell some planes amid looming financial sturgglesSpirit 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 futureOctober 25, 2024 | marketbeat.com“Buffett Indicator” Predicts 62% Stock Market CrashThe last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.October 30, 2024 | Behind the Markets (Ad)Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead? (SAVE)Spirit Airlines nearly doubled recently, only to give a significant portion of the gains back. However, there is still a major catalyst to create a new rally.October 24, 2024 | marketbeat.comIndividual investors who hold 53% of Spirit Airlines, Inc. (NYSE:SAVE) gained 28%, institutions profited as wellOctober 29 at 5:12 PM | finance.yahoo.comJetBlue and Frontier still can't get over Spirit AirlinesOctober 29 at 5:12 PM | msn.comSpirit Airlines to sell 23 planes for $519 millionOctober 28 at 6:55 PM | bizjournals.comSpirit Airlines (SAVE) Receives a Sell from BarclaysOctober 28 at 2:47 PM | markets.businessinsider.comSee More Headlines 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 the year. Since then, SAVE shares have decreased by 84.2% and is now trading at $2.5950. View the best growth stocks for 2024 here. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) announced its earnings results on Thursday, August, 1st. The company reported ($1.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.30) by $0.14. The business's revenue was down 10.6% on a year-over-year basis. Who are Spirit Airlines' major shareholders? 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. 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 Earnings8/01/2024Today10/29/2024Next Earnings (Estimated)10/31/2024Fiscal 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$2.50 High Stock Price Target$3.50 Low Stock Price Target$1.50 Potential Upside/Downside-3.7%Consensus RatingStrong Sell Rating Score (0-4)1.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($6.18) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 / Sales0.06 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.25Miscellaneous Outstanding Shares109,518,000Free Float108,729,000Market Cap$284.20 million OptionableOptionable Beta1.38 This page (NYSE:SAVE) was last updated on 10/30/2024 by MarketBeat.com Staff From Our Partners625,000% GainThe recent pullback in the crypto markets has left many investors in full-on panic mode, convinced the bull ru...Crypto Swap Profits | SponsoredThis biotech's ONE drug could change medicine as we know itThis Clinical-stage Biotech Company is Taking a Revolutionary Approach to Eradicating Many Respiratory Viruses...Smallcaps Daily | SponsoredA new way to play the AI boom (act before November 19)There's a new way to play the $15 trillion AI boom. 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