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In the latest session, Spirit Airlines Inc (NYSE: SAVE) closed at $2.38 down -4.80% from its previous closing price of $2.50. In other words, the price has decreased by -$4.80 from its previous closing price. On the day, 5.19 million shares were traded. SAVE stock price reached its highest trading level at $2.49 during the session, while it also had its lowest trading level at $2.38.
Ratios:
For a deeper understanding of Spirit Airlines Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 9.15 whereas as Long-Term Debt/Eq ratio is at 8.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on July 17, 2024, Downgraded its rating to Sell and sets its target price to $2 from $3 previously.
On July 08, 2024, Deutsche Bank Downgraded its rating to Sell which previously was Hold and also lowered its target price recommendation from $3 to $2.
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 260652848 and an Enterprise Value of 6826260480. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 1.332 whereas that against EBITDA is -14.261.
Stock Price History:
Over the past 52 weeks, SAVE has reached a high of $16.77, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is -11.97%, while the 200-Day Moving Average is calculated to be -57.45%.
Shares Statistics:
For the past three months, SAVE has traded an average of 4.55M shares per day and 4210130 over the past ten days. A total of 109.26M shares are outstanding, with a floating share count of 108.18M. Insiders hold about 1.22% of the company’s shares, while institutions hold 35.28% stake in the company. Shares short for SAVE as of 1724976000 were 31723477 with a Short Ratio of 6.97, compared to 1722384000 on 32814031. Therefore, it implies a Short% of Shares Outstanding of 31723477 and a Short% of Float of 29.18.
