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Spirit Airlines Inc (SAVEQ)
:SAVEQ
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SAVEQ Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.01 - $9.34
Previous CloseN/A
Volume935.07K
Average Volume (3M)20.35M
Market Cap
$52.57M
Enterprise ValueN/A
Total Cash (Recent Filing)$100.16M
Total Debt (Recent Filing)$897.36M
Price to Earnings (P/E)―
Beta1.32
Next Earnings
Feb 05, 2025EPS Estimate
-1.59Last Dividend Ex-Date
Feb 22, 2024Dividend YieldN/A
Share Statistics
EPS (TTM)-7.56
Shares Outstanding109,523,810
10 Day Avg. Volume21,579,782
30 Day Avg. Volume20,349,464
Standard Deviation0.18
R-Squared0.16
Alpha-0.04
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.02
Price to Cash Flow (P/CF)-0.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$0.88Price Target Upside83.33% Upside
Rating ConsensusStrong Sell
Number of Analyst Covering5
Spirit Airlines News
PremiumCompany Announcements
Spirit Airlines Secures $300M Credit Facility Post-BankruptcyPremiumCompany Announcements
Spirit Airlines Files for Chapter 11 Bankruptcy
Bulls Say, Bears Say
Bulls Say
Business StrategyThe company also introduced phase two which includes rightsizing the business for its new growth profile, eliminating structural costs, and re-branding the airline with a more premium experience for its customers.
Commercial StrategyManagement has made significant changes to the commercial strategy, removing cancellation fees, adding bundled travel packages and focusing on improved customer service.
Cost ManagementLower network capacity should help drive improved unit revenue outcomes and, with the announcement of pilot furloughs, relative costs should also improve.
Bears Say
Financial PerformanceThe carrier has double digit negative operating margins which is further compounded by interest costs and increased aircraft rent payments given recent sale-leaseback activities.
Operational ChallengesThe airline's outlook is complicated by a likely higher share of aircraft on the ground due to known GTF engine inspections.
Revenue PressuresSpirit is dealing with pressured passenger yields due to competitive discounting of ancillaries and the elimination of change and cancel fees.
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Ownership Overview
1.01% Insiders
8.84% Mutual Funds
<0.01% Other Institutional Investors
89.76% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Spirit Airlines
Desktop Users
Mobile Users
SAVEQ FAQ
What was Spirit Airlines Inc’s price range in the past 12 months?
Spirit Airlines Inc lowest stock price was $0.01 and its highest was $9.34 in the past 12 months.
What is Spirit Airlines Inc’s market cap?
Spirit Airlines Inc’s market cap is $52.57M.
When is Spirit Airlines Inc’s upcoming earnings report date?
Spirit Airlines Inc’s upcoming earnings report date is Feb 05, 2025 which is in 18 days.
How were Spirit Airlines Inc’s earnings last quarter?
Currently, no data Available
Is Spirit Airlines Inc overvalued?
According to Wall Street analysts Spirit Airlines Inc’s price is currently Undervalued.
Does Spirit Airlines Inc pay dividends?
Spirit Airlines Inc pays a Monthly dividend of $0.2 which represents an annual dividend yield of N/A. See more information on Spirit Airlines Inc dividends here
What is Spirit Airlines Inc’s EPS estimate?
Spirit Airlines Inc’s EPS estimate is -1.59.
How many shares outstanding does Spirit Airlines Inc have?
Spirit Airlines Inc has 109,523,810 shares outstanding.
What happened to Spirit Airlines Inc’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Spirit Airlines Inc?
Among the largest hedge funds holding Spirit Airlines Inc’s share is Par Capital Management Inc. It holds Spirit Airlines Inc’s shares valued at 2M.
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Spirit Airlines Stock Smart Score
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Analyst Consensus
Strong Sell
Average Price Target:
$0.88 (83.33% Upside)
$0.88 (83.33% Upside)
Blogger Sentiment
Bullish
SAVEQ Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 679.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $249.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-93.76%
12-Months-Change
Fundamentals
Return on Equity
-90.94%
Trailing 12-Months
Asset Growth
1.40%
Trailing 12-Months
Company Description
Spirit Airlines Inc
Spirit Airlines, Inc. is an airline that offers travel to price-conscious customers. The company's customers start with an unbundled base fares that remove components included in the price of an airline ticket. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.
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SAVEQ Earnings Call
Q2 2024
0:00 / 0:00
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SAVEQ Revenue Breakdown
87.20% Domestic
12.80% Latin America and Caribbean
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SAVEQ Stock 12 Month Forecast
Average Price Target
$0.88
▲(83.33% Upside)
Technical Analysis
Allegiant Travel Company
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Best Analysts Covering SAVEQ
1 Year
1 Year Success Rate
22/33 ratings generated profit
1 Year Average Return
+40.73%
reiterated a sell rating 3 months ago
Copying Stephen Trent's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +40.73% per trade.
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