How to buy Spirit Airlines stock

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 8,756 staff and has a trailing 12-month revenue of around 0.00.

Spirit Airlines share price

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Spirit Airlines shares at a glance

• Key figures

Information last updated 2021-05-08.

52-week range	$7.25 - $40.77
50-day moving average	$36.47
200-day moving average	$29.08
Wall St. target price	$40.25
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$3.66

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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.

Technical Analysis of Spirit Airlines, Inc by TradingView

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.

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 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 $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	$1.5 billion
Gross profit TTM	$-178,353,000
Return on assets TTM	-8.22%
Return on equity TTM	-23.72%
Profit margin	-34.21%
Book value	$21.40
Market capitalisation	$3.8 billion

TTM: trailing 12 months

Shorting Spirit Airlines shares

There are currently 9.7 million Spirit Airlines shares held short by investors – that's known as Spirit Airlines's "short interest". This figure is 21.6% down from 12.4 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 3.7 million). Spirit Airlines's SIR currently stands at 2.64. In other words for every 100,000 Spirit Airlines shares traded daily on the market, roughly 2640 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 0.1% of the outstanding shares (for every 100,000 Spirit Airlines shares in existence, roughly 100 shares are currently held short) or 0.0995% of the tradable shares (for every 100,000 tradable Spirit Airlines shares, roughly 100 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 $7.25 up to $40.7691. 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 1.7187. 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 airline services. It serves 78 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2020, the company had a fleet of 157 Airbus single-aisle aircraft comprising 31 A319ceos, 64 A320ceos, 32 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.

Frequently asked questions

• What percentage of Spirit Airlines is owned by insiders or institutions?

  Currently 0.386% of Spirit Airlines shares are held by insiders and 64.48% by institutions.

• How many people work for Spirit Airlines?

  Latest data suggests 8,756 work at Spirit Airlines.

• When does the fiscal year end for Spirit Airlines?

  Spirit Airlines's fiscal year ends in December.

• Where is Spirit Airlines based?

  Spirit Airlines's address is: 2800 Executive Way, Miramar, FL, United States, 33025

• What is Spirit Airlines's ISIN number?

  Spirit Airlines's international securities identification number is: US8485771021

• What is Spirit Airlines's CUSIP number?

  Spirit Airlines's Committee on Uniform Securities Identification Procedures number is: 848577102