NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis $2.42 -0.66 (-21.43%) (As of 10/24/2024 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$2.40▼$2.9550-Day Range$1.45▼$3.0852-Week Range$1.40▼$17.01Volume35.78 million shsAverage Volume10.11 million shsMarket Capitalization$265.04 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… Our Next Stock Alert is A Biotech NASDAQ Company That Has been ON FIRE!! (Ad)Our Next Stock Alert is A Biotech NASDAQ Company That Has been ON FIRE!! And The Stock Could be Gearing Up for A MASSIVE Bounce...Sign Up NOW our alert is set to release on Oct 25th!! Spirit Airlines Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks9th Percentile Overall ScoreSAVE MarketRank™: Spirit Airlines scored higher than 9% of companies evaluated by MarketBeat, and ranked 120th out of 122 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 ($6.96) to ($4.43) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.39, 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 -0.39, 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 0.23. 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. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted33.02% 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 6.8.Change versus previous monthShort interest in Spirit Airlines has recently increased by 12.97%, indicating that investor sentiment is decreasing significantly. 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 Shorted33.02% 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 6.8.Change versus previous monthShort interest in Spirit Airlines has recently increased by 12.97%, indicating that investor sentiment is decreasing significantly. News and Social Media2.9 / 5News Sentiment0.24 News SentimentSpirit Airlines has a news sentiment score of 0.24. 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 0.35 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 40 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search Interest35 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 218% compared to the previous 30 days.MarketBeat Follows15 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 1,400% 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 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 at 11:27 AM | marketbeat.comSpirit Airlines again explores merger with Frontier Airlines as bankruptcy looms: ReportOctober 23 at 4:21 PM | bizjournals.comOur Next Stock Alert is A Biotech NASDAQ Company That Has been ON FIRE!!Our Next Stock Alert is A Biotech NASDAQ Company That Has been ON FIRE!! And The Stock Could be Gearing Up for A MASSIVE Bounce...October 24, 2024 | Huge Alerts (Ad)Frontier exploring another bid for Spirit Airlines, WSJ reportsOctober 23 at 3:42 PM | markets.businessinsider.comSpirit Airlines stock surges on report Frontier merger talks revivedOctober 23 at 12:50 PM | investing.comSpirit Airlines stock soars 37% because a merger with Frontier might be back onOctober 23 at 12:50 PM | msn.comWhy Spirit Airlines Stock Is Flying High TodayOctober 23 at 11:37 AM | fool.comSpirit Airlines Stock Jumps on Report of Renewed Bid by FrontierOctober 23 at 8:50 AM | investopedia.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 2024. Since then, SAVE stock has decreased by 85.2% and is now trading at $2.42. 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) 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% compared to the same quarter last year. Who are Spirit Airlines' major shareholders? Spirit Airlines' top institutional investors include U S Global Investors Inc. (10.96%), Ballentine Partners LLC (0.04%), Bank of Stockton (0.02%) and Creative Planning (0.02%). 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 Earnings8/01/2024Today10/24/2024Next 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$2.50 High Stock Price Target$3.50 Low Stock Price Target$1.50 Potential Upside/Downside-18.7%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$5.36 billion Price / Sales0.06 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.30Miscellaneous Outstanding Shares109,520,000Free Float108,729,000Market Cap$336.77 million OptionableOptionable Beta1.38 This page (NYSE:SAVE) was last updated on 10/24/2024 by MarketBeat.com Staff From Our PartnersNext opportunity for crypto millionsAccording to Steven Lubka, head of a private equity firm with over $250M in assets under management, "Bitcoin ...Crypto 101 Media | Sponsored Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. 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