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Spirit Airlines (SAVE)
NYSE:SAVE
Spirit Airlines (SAVE) Stock Price & Analysis
3,080 Followers
SAVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.18 - $18.44
Previous Close$3.8
Volume2.15M
Average Volume (3M)7.01M
Market Cap
$418.84M
Enterprise Value$6.81B
Total Cash (Recent Filing)$764.79M
Total Debt (Recent Filing)$7.16B
Price to Earnings (P/E)-0.9
Beta0.60
Next Earnings
Jul 24, 2024EPS Estimate
-$1.07Last Dividend Ex-Date
Feb 22, 2024Dividend YieldN/A
Share Statistics
EPS (TTM)-4.45
Shares Outstanding109,501,395
10 Day Avg. Volume10,683,384
30 Day Avg. Volume7,013,787
Standard Deviation0.18
R-Squared0.18
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)0.42
Price to Sales (P/S)0.33
Price to Cash Flow (P/CF)-0.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.30
Enterprise Value/Gross Profit7.47
Enterprise Value/Ebitda111.36
Forecast
1Y Price Target
$3.21Price Target Upside-16.08% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering8
Spirit Airlines News
Bulls Say, Bears Say
Bulls Say
Financial StrategySpirit Airlines' recent strategic moves are expected to enhance financial stability by deferring aircraft deliveries and receiving compensation for aircraft groundings.
Market RecoveryChina's rebound in domestic flight activities, surpassing pre-pandemic levels, suggests a strong recovery that could positively impact airlines with exposure to the region.
Operational PerformanceThe aviation industry in Latin America shows robust operational health with increasing capacity and favorable yields, benefiting carriers like Spirit Airlines.
Bears Say
Analyst SentimentCiti has reiterated its Sell rating on Spirit Airlines with a target price reduction from $3.80 to $3.50 per share.
Financial StrainSpirit's significant net debt of $6.3B and negative free cash flow indicate financial strains on the company.
Operational IssuesDeferring aircraft and reducing/adjusting the operational footprint are not long-term strategies for maintaining a healthy airline with manageable levels of financial leverage.
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Ownership Overview
Currently, No data available
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Spirit Airlines
Desktop Users
Mobile Users
SAVE FAQ
What was Spirit Airlines’s price range in the past 12 months?
Spirit Airlines lowest stock price was $3.18 and its highest was $18.44 in the past 12 months.
What is Spirit Airlines’s market cap?
Currently, no data Available
When is Spirit Airlines’s upcoming earnings report date?
Spirit Airlines’s upcoming earnings report date is Jul 24, 2024 which is in 65 days.
How were Spirit Airlines’s earnings last quarter?
Spirit Airlines released its earnings results on May 06, 2024. The company reported -$1.46 earnings per share for the quarter, missing the consensus estimate of -$1.447 by -$0.013.
Is Spirit Airlines overvalued?
According to Wall Street analysts Spirit Airlines’s price is currently Overvalued.
Does Spirit Airlines pay dividends?
Spirit Airlines pays a Monthly dividend of $0.1 which represents an annual dividend yield of N/A. See more information on Spirit Airlines dividends here
What is Spirit Airlines’s EPS estimate?
Spirit Airlines’s EPS estimate is -$1.07.
How many shares outstanding does Spirit Airlines have?
Spirit Airlines has 109,501,396 shares outstanding.
What happened to Spirit Airlines’s price movement after its last earnings report?
Spirit Airlines reported an EPS of -$1.46 in its last earnings report, missing expectations of -$1.447. Following the earnings report the stock price went down -9.704%.
Which hedge fund is a major shareholder of Spirit Airlines?
Among the largest hedge funds holding Spirit Airlines’s share is Par Capital Management Inc. It holds Spirit Airlines’s shares valued at 484K.
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Spirit Airlines Stock Smart Score
Underperform
1
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10
Analyst Consensus
Moderate Sell
Average Price Target:
$3.21 (-16.08% Downside)
$3.21 (-16.08% Downside)
Blogger Sentiment
Bullish
SAVE Sentiment 91%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 0.7%
Last 30 Days ▲ 0.7%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-73.99%
12-Months-Change
Fundamentals
Return on Equity
-39.33%
Trailing 12-Months
Asset Growth
2.19%
Trailing 12-Months
Company Description
Spirit Airlines
Spirit Airlines, Inc. is an airline that offers travel to price-conscious customers. The company's customers start with an unbundled base fares that remove components included in the price of an airline ticket. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.
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SAVE Earnings Call
Q1 2024
0:00 / 0:00
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SAVE Revenue Breakdown
87.20% Domestic
12.80% Latin America and Caribbean
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SAVE Stock 12 Month Forecast
Average Price Target
$3.21
▼(-16.08% Downside)
Technical Analysis
Allegiant Travel Company
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JetBlue Airways
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Delta Air Lines
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United Airlines Holdings
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Best Analysts Covering SAVE
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+10.34%
reiterated a sell rating 15 days ago
Copying Andrew Didora's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +10.34% per trade.
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