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How to buy Spirit Airlines stock in Canada

Own Spirit Airlines shares in just a few minutes.

Spirit Airlines is an airlines business based in the US. Spirit Airlines stocks (SAVE.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $21.9 – an increase of 6.31% over the previous week. Spirit Airlines employs 8,756 staff and has a trailing 12-month revenue of around $2.7 billion.

How to buy shares in Spirit Airlines

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SAVE – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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.

How has Coronavirus impacted Spirit Airlines's stock price?

Since the stock market crash in March caused by coronavirus, Spirit Airlines's stock price has had significant negative movement.

Its last market close was $21.9, which is 46.72% down on its pre-crash value of $41.1 and 212.41% up on the lowest point reached during the March crash when the stocks fell as low as $7.01.

If you had bought $1,000 worth of Spirit Airlines stocks at the start of February 2020, those stocks would have been worth $234.25 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $521.88.

Spirit Airlines stock price (NYSE: SAVE)

Use our graph to track the performance of SAVE stocks over time.

Spirit Airlines shares at a glance

Information last updated 2021-11-29.
Latest market close$21.90
52-week range$19.52 - $40.77
50-day moving average $24.28
200-day moving average $30.22
Wall St. target price$32.70
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-5.30

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Note: The dollar amounts in the table below are in Canadian dollars.

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Spirit Airlines price performance over time

Historical closes compared with the close of $21.9 from 2021-12-02

1 week (2021-11-26) 6.31%
1 month (2021-11-04) -6.81%
3 months (2021-09-03) -10.90%
6 months (2021-06-02) -39.90%
1 year (2020-12-04) -14.98%
2 years (2019-12-03) -42.40%
3 years (2018-12-03) 64.56
5 years (2016-12-02) 56.25

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 $2.7 billion
Gross profit TTM $-178,353,000
Return on assets TTM -3.86%
Return on equity TTM -23.58%
Profit margin -19.8%
Book value $20.28
Market capitalisation $2.2 billion

TTM: trailing 12 months

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 $19.52 up to $40.7691. A popular way to gauge a stock's volatility is its "beta".

SAVE.US volatility(beta: 1.55)Avg. volatility(beta: 1.00)LowHigh

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 1.5491. 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

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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