Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Spirit Airlines Inc (NYSE: SAVE) closed the day trading at $3.91 down -3.22% from the previous closing price of $4.04. In other words, the price has decreased by $-3.22 from its previous closing price. On the day, 7.78 million shares were traded. SAVE stock price reached its highest trading level at $4.05 during the session, while it also had its lowest trading level at $3.74.
Ratios:
For a better understanding of SAVE, let’s look at its different ratios. 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 428058976 and an Enterprise Value of 6359116288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 1.186 whereas that against EBITDA is -36.516.
Stock Price History:
The Beta on a monthly basis for SAVE is 1.37, which has changed by -0.7666089 over the last 52 weeks, in comparison to a change of 0.2006725 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 $3.93. The 50-Day Moving Average of the stock is -24.79%, while the 200-Day Moving Average is calculated to be -66.88%.
Shares Statistics:
Over the past 3-months, SAVE traded about 10.86M shares per day on average, while over the past 10 days, SAVE traded about 5782470 shares per day. 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 59.42% stake in the company. Shares short for SAVE as of 1711584000 were 26044825 with a Short Ratio of 2.40, compared to 1709164800 on 22002429. Therefore, it implies a Short% of Shares Outstanding of 26044825 and a Short% of Float of 23.919999999999998.
