Spirit Airlines Financials
| SAVEDelisted Stock | USD 0.15 0.11 42.31% |
Spirit |
Understanding current and past Spirit Airlines Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Spirit Airlines' financial statements are interrelated, with each one affecting the others. For example, an increase in Spirit Airlines' assets may result in an increase in income on the income statement.
Please note, the presentation of Spirit Airlines' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Spirit Airlines' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Spirit Airlines' management manipulating its earnings.
Spirit Airlines Stock Summary
Spirit Airlines competes with American Airlines, Delta Air, Southwest Airlines, United Airlines, and Sun Country. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people.Specialization | Industrials, Airlines |
| Instrument | USA Stock View All |
| Exchange | New York Stock Exchange |
| ISIN | US8485771021 |
| CUSIP | 848577102 |
| Location | Florida; U.S.A |
| Business Address | 2800 Executive Way, |
| Sector | Passenger Airlines |
| Industry | Industrials |
| Benchmark | Dow Jones Industrial |
| Website | www.spirit.com |
| Phone | 954 447 7920 |
| Currency | USD - US Dollar |
Spirit Airlines Key Financial Ratios
| Return On Equity | -0.59 | ||||
| Return On Asset | -0.0451 | ||||
| Target Price | 1.5 | ||||
| Beta | 1.37 |
Spirit Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Spirit Airlines's current stock value. Our valuation model uses many indicators to compare Spirit Airlines value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Spirit Airlines competition to find correlations between indicators driving Spirit Airlines's intrinsic value. More Info.Spirit Airlines is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Spirit Airlines by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Spirit Airlines Systematic Risk
Spirit Airlines' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Spirit Airlines volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Spirit Airlines correlated with the market. If Beta is less than 0 Spirit Airlines generally moves in the opposite direction as compared to the market. If Spirit Airlines Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Spirit Airlines is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Spirit Airlines is generally in the same direction as the market. If Beta > 1 Spirit Airlines moves generally in the same direction as, but more than the movement of the benchmark.
About Spirit Airlines Financials
What exactly are Spirit Airlines Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Spirit Airlines' income statement, its balance sheet, and the statement of cash flows. Potential Spirit Airlines investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Spirit Airlines investors may use each financial statement separately, they are all related. The changes in Spirit Airlines's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Spirit Airlines's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Spirit Airlines Thematic Clasifications
Spirit Airlines is part of Airlines investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Major domestic and international airlines. Domestic and international airlines and airline services
This theme covers Major domestic and international airlines. Domestic and international airlines and airline services. Get More Thematic Ideas
| Airlines | View |
Spirit Airlines November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Spirit Airlines help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Spirit Airlines. We use our internally-developed statistical techniques to arrive at the intrinsic value of Spirit Airlines based on widely used predictive technical indicators. In general, we focus on analyzing Spirit Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Spirit Airlines's daily price indicators and compare them against related drivers.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 112.38 | |||
| Value At Risk | (21.43) | |||
| Potential Upside | 15.29 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Spirit Stock
If you are still planning to invest in Spirit Airlines check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Spirit Airlines' history and understand the potential risks before investing.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |