Financial Metrics Exploration: Understanding Spirit Airlines Inc (SAVE) Through Ratios

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The closing price of Spirit Airlines Inc (NYSE: SAVE) was $3.52 for the day, up 0.57% from the previous closing price of $3.50. In other words, the price has increased by $0.57 from its previous closing price. On the day, 3.93 million shares were traded. SAVE stock price reached its highest trading level at $3.55 during the session, while it also had its lowest trading level at $3.43.


Our analysis of SAVE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 7.14 whereas as Long-Term Debt/Eq ratio is at 6.75.

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 this company, TD Cowen on May 07, 2024, Reiterated its Hold rating but revised its target price to $3 from $4 previously.

On April 16, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $5 to $4.

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 385443520 and an Enterprise Value of 6667002880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 1.263 whereas that against EBITDA is -25.207.

Stock Price History:

Over the past 52 weeks, SAVE has reached a high of $18.44, while it has fallen to a 52-week low of $3.18. The 50-Day Moving Average of the stock is -11.21%, while the 200-Day Moving Average is calculated to be -63.41%.

Shares Statistics:

SAVE traded an average of 6.48M shares per day over the past three months and 4996850 shares per day over the past ten days. A total of 109.26M shares are outstanding, with a floating share count of 108.45M. Insiders hold about 0.96% of the company’s shares, while institutions hold 41.69% stake in the company. Shares short for SAVE as of 1715731200 were 27477736 with a Short Ratio of 4.24, compared to 1713139200 on 27563962. Therefore, it implies a Short% of Shares Outstanding of 27477736 and a Short% of Float of 25.27.

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