The closing price of Spirit Airlines Inc (NYSE: SAVE) was $4.43 for the day, down -3.28% from the previous closing price of $4.58. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 3763931 shares were traded. SAVE stock price reached its highest trading level at $4.6200 during the session, while it also had its lowest trading level at $4.3700.
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.
On January 22, 2024, TD Cowen reiterated its Market Perform rating and also upped its target price recommendation from $11 to $5.
Citigroup Downgraded its Neutral to Sell on January 18, 2024, whereas the target price for the stock was revised 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 484.99M and an Enterprise Value of 6.44B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 1.20 whereas that against EBITDA is -55.87.
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 5.6526, while the 200-Day Moving Average is calculated to be 12.9332.
Shares Statistics:
SAVE traded an average of 17.41M shares per day over the past three months and 4.63M shares per day over the past ten days. A total of 109.26M shares are outstanding, with a floating share count of 108.31M. Insiders hold about 1.06% of the company’s shares, while institutions hold 59.66% stake in the company. Shares short for SAVE as of Mar 15, 2024 were 26.49M with a Short Ratio of 1.52, compared to 23.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 24.19% and a Short% of Float of 24.33%.
Earnings Estimates
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of -$1.42 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 -$2.63. EPS for the following year is -$1.47, with 10 analysts recommending between $0.5 and -$3.35.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. 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 10 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 10 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 6.70% from the average revenue estimate for this year.
