In other words, the price has increased by $0.0000 from its previous closing price. On the day, 6367358 shares were traded.
Ratios:
To gain a deeper understanding of SAVE’s stock, we examine 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.
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 529.87M 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 -56.26.
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 5.8216, while the 200-Day Moving Average is calculated to be 13.0450.
Shares Statistics:
It appears that SAVE traded 17.31M shares on average per day over the past three months and 5.98M 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 60.17% stake in the company. Shares short for SAVE as of Mar 15, 2024 were 26.49M with a Short Ratio of 1.53, 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%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.00, SAVE has a forward annual dividend rate of 0.00.
Earnings Estimates
As of right now, 11 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 8 analysts expect revenue to total $1.27B. 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.
