In the latest session, Spirit Airlines Inc (NYSE: SAVE) closed at $4.85 down -4.90% from its previous closing price of $5.10. In other words, the price has decreased by -$0.2500 from its previous closing price. On the day, 10252989 shares were traded.
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 0.90 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 January 22, 2024, Reiterated its Market Perform rating but revised its target price to $5 from $11 previously.
On January 18, 2024, Citigroup Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $13 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 530.97M and an Enterprise Value of 6.48B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 1.21 whereas that against EBITDA is -56.27.
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 $3.93. The 50-Day Moving Average of the stock is 8.7382, while the 200-Day Moving Average is calculated to be 13.9825.
Shares Statistics:
For the past three months, SAVE has traded an average of 16.78M shares per day and 8.2M over the past ten days. A total of 109.26M shares are outstanding, with a floating share count of 108.32M. Insiders hold about 1.05% of the company’s shares, while institutions hold 60.63% stake in the company. Shares short for SAVE as of Feb 15, 2024 were 23.93M with a Short Ratio of 1.43, compared to 21.42M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.86% and a Short% of Float of 21.98%.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$1.41 for the current quarter, with a high estimate of -$1.36 and a low estimate of -$1.5, while EPS last year was -$0.82. The consensus estimate for the next quarter is -$0.39, with high estimates of $0.15 and low estimates of -$0.85.
Analysts are recommending an EPS of between -$1.38 and -$4.05 for the fiscal current year, implying an average EPS of -$2.65. EPS for the following year is -$1.53, with 9 analysts recommending between $0.5 and -$3.35.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $1.27B this quarter.It ranges from a high estimate of $1.28B to a low estimate of $1.27B. As of the current estimate, Spirit Airlines Inc’s year-ago sales were $1.35B, an estimated decrease of -6.10% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.48B, an increase of 0.60% over than the figure of -$6.10% in the same quarter last year. There is a high estimate of $1.55B for the next quarter, whereas the lowest estimate is $1.44B.
A total of 9 analysts have provided revenue estimates for SAVE’s current fiscal year. The highest revenue estimate was $5.89B, while the lowest revenue estimate was $5.51B, resulting in an average revenue estimate of $5.69B. In the same quarter a year ago, actual revenue was $5.36B, up 6.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $6.07B in the next fiscal year. The high estimate is $6.33B and the low estimate is $5.38B. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.
