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How to buy Spirit Airlines stock | $16.02
Own Spirit Airlines stock in just a few minutes.
Spirit Airlines, Inc is an airlines business based in the US. Spirit Airlines shares (SAVE) are listed on the NYSE and all prices are listed in US Dollars. Spirit Airlines employs 8,938 staff and has a trailing 12-month revenue of around USD$2.9 billion.
How to buy shares in Spirit Airlines
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Spirit Airlines Find the stock by name or ticker symbol: SAVE. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Spirit Airlines reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$16.02, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Spirit Airlines, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Spirit Airlines. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
Spirit Airlines share price
Use our graph to track the performance of SAVE stocks over time.Spirit Airlines shares at a glance
Information last updated 2020-09-25.
| Latest market close | USD$16.02 |
|---|---|
| 52-week range | USD$7.01 - USD$44.8 |
| 50-day moving average | USD$17.6037 |
| 200-day moving average | USD$15.533 |
| Wall St. target price | USD$18.46 |
| PE ratio | 229.7143 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | USD$3.661 |
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Is it a good time to buy Spirit Airlines stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Spirit Airlines price performance over time
Historical closes compared with the close of $16.02 from 2020-09-29
| 1 week (2020-09-24) | 1.97% |
|---|---|
| 1 month (2020-09-01) | -8.93% |
| 3 months (2020-07-01) | -9.64% |
| 6 months (2020-04-01) | 41.52% |
| 1 year (2019-10-01) | -55.35% |
|---|---|
| 2 years (2018-10-01) | -64.82% |
| 3 years (2017-09-29) | -52.05% |
| 5 years (2015-10-01) | -66.11% |
Is Spirit Airlines under- or over-valued?
Valuing Spirit Airlines stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Spirit Airlines's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Spirit Airlines's P/E ratio
Spirit Airlines's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 230x. In other words, Spirit Airlines shares trade at around 230x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Spirit Airlines's PEG ratio
Spirit Airlines's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 20.44. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Spirit Airlines's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Spirit Airlines's EBITDA
Spirit Airlines's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$48.4 million.
The EBITDA is a measure of a Spirit Airlines's overall financial performance and is widely used to measure a its profitability.
Spirit Airlines financials
| Revenue TTM | USD$2.9 billion |
|---|---|
| Gross profit TTM | USD$1.3 billion |
| Return on assets TTM | -1.18% |
| Return on equity TTM | -0.34% |
| Profit margin | -0.26% |
| Book value | $26.425 |
| Market capitalisation | USD$1.5 billion |
TTM: trailing 12 months
Shorting Spirit Airlines shares
There are currently 18.1 million Spirit Airlines shares held short by investors – that's known as Spirit Airlines's "short interest". This figure is 13.1% down from 20.8 million last month.
There are a few different ways that this level of interest in shorting Spirit Airlines shares can be evaluated.
Spirit Airlines's "short interest ratio" (SIR)
Spirit Airlines's "short interest ratio" (SIR) is the quantity of Spirit Airlines shares currently shorted divided by the average quantity of Spirit Airlines shares traded daily (recently around 10.1 million). Spirit Airlines's SIR currently stands at 1.79. In other words for every 100,000 Spirit Airlines shares traded daily on the market, roughly 1790 shares are currently held short.
However Spirit Airlines's short interest can also be evaluated against the total number of Spirit Airlines shares, or, against the total number of tradable Spirit Airlines shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Spirit Airlines's short interest could be expressed as 0.2% of the outstanding shares (for every 100,000 Spirit Airlines shares in existence, roughly 200 shares are currently held short) or 0.232% of the tradable shares (for every 100,000 tradable Spirit Airlines shares, roughly 232 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Spirit Airlines.
Find out more about how you can short Spirit Airlines stock.
Spirit Airlines share dividends
We're not expecting Spirit Airlines to pay a dividend over the next 12 months.
Spirit Airlines share price volatility
Over the last 12 months, Spirit Airlines's shares have ranged in value from as little as $7.01 up to $44.8. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Spirit Airlines's is 1.2609. This would suggest that Spirit Airlines's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Spirit Airlines overview
Spirit Airlines, Inc. provides low-fare airline services. The company operates approximately 600 daily flights to 77 destinations in the United States, the Caribbean, and Latin America. As of December 31, 2019, the company had a fleet of 145 Airbus single-aisle aircraft comprising 31 A319ceos, 64 A320ceos, 20 A320neos and 30 A321ceos. It offers tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
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