Spirit Airlines (Germany) Probability of Future Stock Price Finishing Over 45.80
| S64 Stock | EUR 0.95 0.00 0.00% |
Spirit |
Spirit Airlines Target Price Odds to finish over 45.80
The tendency of Spirit Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over € 45.80 or more in 90 days |
| 0.95 | 90 days | 45.80 | close to zero percent |
Based on a normal probability distribution, the odds of Spirit Airlines to move over € 45.80 or more in 90 days from now is close to zero percent (This Spirit Airlines probability density function shows the probability of Spirit Stock to fall within a particular range of prices over 90 days) . Probability of Spirit Airlines price to stay between its current price of € 0.95 and € 45.80 at the end of the 90-day period is about 89.58 .
Assuming the 90 days horizon the stock has the beta coefficient of 2.22 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Spirit Airlines will likely underperform. Additionally Spirit Airlines has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Spirit Airlines Price Density |
| Price |
Predictive Modules for Spirit Airlines
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spirit Airlines. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Spirit Airlines Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spirit Airlines is not an exception. The market had few large corrections towards the Spirit Airlines' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Spirit Airlines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spirit Airlines within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.36 | |
β | Beta against Dow Jones | 2.22 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.02 |
Spirit Airlines Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Spirit Airlines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spirit Airlines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spirit Airlines generated a negative expected return over the last 90 days | |
| Spirit Airlines has high historical volatility and very poor performance | |
| Spirit Airlines has some characteristics of a very speculative penny stock | |
| Spirit Airlines has high likelihood to experience some financial distress in the next 2 years | |
| Spirit Airlines has accumulated 3.2 B in total debt with debt to equity ratio (D/E) of 2.88, implying the company greatly relies on financing operations through barrowing. Spirit Airlines has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Spirit Airlines until it has trouble settling it off, either with new capital or with free cash flow. So, Spirit Airlines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Spirit Airlines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Spirit to invest in growth at high rates of return. When we think about Spirit Airlines' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 5.07 B. Net Loss for the year was (554.15 M) with profit before overhead, payroll, taxes, and interest of 973.03 M. | |
| Spirit Airlines has accumulated about 1.06 B in cash with (89.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.73, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 67.0% of Spirit Airlines shares are owned by institutional investors |
Spirit Airlines Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Spirit Stock often depends not only on the future outlook of the current and potential Spirit Airlines' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Spirit Airlines' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 108.9 M | |
| Short Long Term Debt | 346.9 M |
Spirit Airlines Technical Analysis
Spirit Airlines' future price can be derived by breaking down and analyzing its technical indicators over time. Spirit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spirit Airlines. In general, you should focus on analyzing Spirit Stock price patterns and their correlations with different microeconomic environments and drivers.
Spirit Airlines Predictive Forecast Models
Spirit Airlines' time-series forecasting models is one of many Spirit Airlines' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Spirit Airlines' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Spirit Airlines
Checking the ongoing alerts about Spirit Airlines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spirit Airlines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spirit Airlines generated a negative expected return over the last 90 days | |
| Spirit Airlines has high historical volatility and very poor performance | |
| Spirit Airlines has some characteristics of a very speculative penny stock | |
| Spirit Airlines has high likelihood to experience some financial distress in the next 2 years | |
| Spirit Airlines has accumulated 3.2 B in total debt with debt to equity ratio (D/E) of 2.88, implying the company greatly relies on financing operations through barrowing. Spirit Airlines has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Spirit Airlines until it has trouble settling it off, either with new capital or with free cash flow. So, Spirit Airlines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Spirit Airlines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Spirit to invest in growth at high rates of return. When we think about Spirit Airlines' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 5.07 B. Net Loss for the year was (554.15 M) with profit before overhead, payroll, taxes, and interest of 973.03 M. | |
| Spirit Airlines has accumulated about 1.06 B in cash with (89.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.73, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 67.0% of Spirit Airlines shares are owned by institutional investors |
Other Information on Investing in Spirit Stock
Spirit Airlines financial ratios help investors to determine whether Spirit Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spirit with respect to the benefits of owning Spirit Airlines security.