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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$2.3 billion.
|52-week range||USD$7.01 - USD$46.7051|
|50-day moving average||USD$25.5455|
|200-day moving average||USD$19.6556|
|Wall St. target price||USD$25.83|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$3.661|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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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.
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 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 "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 (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.
|Revenue TTM||USD$2.3 billion|
|Gross profit TTM||USD$1.3 billion|
|Return on assets TTM||-4.31%|
|Return on equity TTM||-8.3%|
|Market capitalisation||USD$2.7 billion|
TTM: trailing 12 months
There are currently 15.9 million Spirit Airlines shares held short by investors – that's known as Spirit Airlines's "short interest". This figure is 6.8% up from 14.9 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) is the quantity of Spirit Airlines shares currently shorted divided by the average quantity of Spirit Airlines shares traded daily (recently around 7.3 million). Spirit Airlines's SIR currently stands at 2.17. In other words for every 100,000 Spirit Airlines shares traded daily on the market, roughly 2170 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 0.16% of the outstanding shares (for every 100,000 Spirit Airlines shares in existence, roughly 160 shares are currently held short) or 0.1822% of the tradable shares (for every 100,000 tradable Spirit Airlines shares, roughly 182 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.
We're not expecting Spirit Airlines to pay a dividend over the next 12 months.
Over the last 12 months, Spirit Airlines's shares have ranged in value from as little as $7.01 up to $46.7051. 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 1.594. 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, 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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