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In other words, the price has increased by $0.00 from its previous closing price. On the day, 3.94 million shares were traded. SAVE stock price reached its highest trading level at $3.6397 during the session, while it also had its lowest trading level at $3.48.
Ratios:
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 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 6.08 whereas as Long-Term Debt/Eq ratio is at 5.60.
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 April 16, 2024, Reiterated its Hold rating but revised its target price to $4 from $5 previously.
TD Cowen reiterated its Market Perform rating for the stock on January 22, 2024, while the target price for the stock was revised from $11 to $5.
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 387633536 and an Enterprise Value of 6304377344. 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 0.34. Its current Enterprise Value per Revenue stands at 1.176 whereas that against EBITDA is -36.201.
Stock Price History:
The Beta on a monthly basis for SAVE is 1.41, which has changed by -0.78953624 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, SAVE has reached a high of $18.44, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is -28.73%, while the 200-Day Moving Average is calculated to be -69.29%.
Shares Statistics:
SAVE traded an average of 8.40M shares per day over the past three months and 5981550 shares per day over the past ten days. A total of 109.26M shares are outstanding, with a floating share count of 108.32M. Insiders hold about 1.06% of the company’s shares, while institutions hold 59.25% stake in the company. Shares short for SAVE as of 1713139200 were 27563962 with a Short Ratio of 3.28, compared to 1710460800 on 26487711. Therefore, it implies a Short% of Shares Outstanding of 27563962 and a Short% of Float of 25.319999999999997.
Earnings Estimates
The current rating of Spirit Airlines Inc (SAVE) is the result of assessments by 12.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of -$1.44 for the current quarter, with a high estimate of -$1.38 and a low estimate of -$1.51, while EPS last year was -$0.82. The consensus estimate for the next quarter is -$0.46, with high estimates of -$0.14 and low estimates of -$1.1.
Analysts are recommending an EPS of between -$1.57 and -$4.6 for the fiscal current year, implying an average EPS of -$2.68. EPS for the following year is -$1.4, with 11.0 analysts recommending between $0.45 and -$3.45.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.29B to a low estimate of $1.26B. As of the current estimate, Spirit Airlines Inc’s year-ago sales were $1.35BFor the next quarter, 10 analysts are estimating revenue of $1.47B. There is a high estimate of $1.54B for the next quarter, whereas the lowest estimate is $1.41B.
A total of 11 analysts have provided revenue estimates for SAVE’s current fiscal year. The highest revenue estimate was $6.05B, while the lowest revenue estimate was $5.18B, resulting in an average revenue estimate of $5.69B. In the same quarter a year ago, actual revenue was $5.36BBased on 11 analysts’ estimates, the company’s revenue will be $6.1B in the next fiscal year. The high estimate is $6.6B and the low estimate is $5.07B.
