Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Spirit Airlines Inc (NYSE: SAVE) closed the day trading at $3.35 down -9.70% from the previous closing price of $3.71. In other words, the price has decreased by -$9.70 from its previous closing price. On the day, 19.98 million shares were traded. SAVE stock price reached its highest trading level at $3.6 during the session, while it also had its lowest trading level at $3.18.
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 406251136 and an Enterprise Value of 6322988544. 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 0.32. Its current Enterprise Value per Revenue stands at 1.179 whereas that against EBITDA is -36.308.
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 $3.41. The 50-Day Moving Average of the stock is -27.59%, while the 200-Day Moving Average is calculated to be -69.84%.
Shares Statistics:
Over the past 3-months, SAVE traded about 6.88M shares per day on average, while over the past 10 days, SAVE traded about 5738650 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 59.57% stake in the company. Shares short for SAVE as of 1713139200 were 27563962 with a Short Ratio of 4.00, compared to 1710460800 on 26487711. Therefore, it implies a Short% of Shares Outstanding of 27563962 and a Short% of Float of 25.35.
