Spirit Airlines Inc. (SAVE) Shares See Highest Trading Level at $14.55

As of close of business last night, Spirit Airlines Inc.’s stock clocked out at $14.55, down -1.89% from its previous closing price of $14.83. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 2462991 shares were traded. SAVE stock price reached its highest trading level at $14.79 during the session, while it also had its lowest trading level at $14.41.

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To gain a deeper understanding of SAVE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 2.33 whereas as Long-Term Debt/Eq ratio is at 2.15.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SAVE now has a Market Capitalization of 1.74B and an Enterprise Value of 6.60B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 1.21 whereas that against EBITDA is -38.62.

Stock Price History:

Over the past 52 weeks, SAVE has reached a high of $24.95, while it has fallen to a 52-week low of $14.75. The 50-Day Moving Average of the stock is 16.66, while the 200-Day Moving Average is calculated to be 19.63.

Shares Statistics:

It appears that SAVE traded 1.96M shares on average per day over the past three months and 2.28M shares per day over the past ten days. A total of 109.11M shares are outstanding, with a floating share count of 108.40M. Insiders hold about 0.10% of the company’s shares, while institutions hold 68.70% stake in the company. Shares short for SAVE as of May 14, 2023 were 8.96M with a Short Ratio of 8.96M, compared to 10.24M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.21% and a Short% of Float of 8.25%.

Earnings Estimates

As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.18, while EPS last year was -$0.3. The consensus estimate for the next quarter is $0.41, with high estimates of $0.55 and low estimates of $0.15.

Analysts are recommending an EPS of between $0.8 and -$0.15 for the fiscal current year, implying an average EPS of $0.33. EPS for the following year is $1.82, with 10 analysts recommending between $3 and $0.98.

Revenue Estimates

In the current quarter, 9 analysts expect revenue to total $1.47B. It ranges from a high estimate of $1.5B to a low estimate of $1.46B. As of the current estimate, Spirit Airlines Inc.’s year-ago sales were $1.37B, an estimated increase of 7.90% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $1.58B, an increase of 17.40% over than the figure of $7.90% in the same quarter last year. There is a high estimate of $1.69B for the next quarter, whereas the lowest estimate is $1.49B.

A total of 10 analysts have provided revenue estimates for SAVE’s current fiscal year. The highest revenue estimate was $6.23B, while the lowest revenue estimate was $5.8B, resulting in an average revenue estimate of $6B. In the same quarter a year ago, actual revenue was $4.99B, up 20.30% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $6.81B in the next fiscal year. The high estimate is $7.54B and the low estimate is $6.42B. The average revenue growth estimate for next year is up 13.40% from the average revenue estimate for this year.