Spirit Airlines Stock Price on September 28, 2023
| SAVE Stock | USD 0.13 0.02 13.33% |
Below is the normalized historical share price chart for Spirit Airlines extending back to May 26, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Spirit Airlines stands at 0.13, as last reported on the 22nd of November, with the highest price reaching 0.15 and the lowest price hitting 0.13 during the day.
If you're considering investing in Spirit Stock, it is important to understand the factors that can impact its price. Spirit Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Spirit Airlines exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirit Airlines' Risk Adjusted Performance of (0.07), variance of 290.16, and Coefficient Of Variation of (953.89) to confirm the risk estimate we provide.
At present, Spirit Airlines' Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 1.1 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 76.2 M. . The current year's Price Earnings To Growth Ratio is expected to grow to 0.21, whereas Price To Sales Ratio is forecasted to decline to 0.32. Spirit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of May 2011 | 200 Day MA 3.4073 | 50 Day MA 2.1498 | Beta 1.366 |
Spirit |
Sharpe Ratio = -0.1137
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Estimated Market Risk
| 17.62 actual daily | 96 96% of assets are less volatile |
Expected Return
| -2.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Spirit Airlines is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spirit Airlines by adding Spirit Airlines to a well-diversified portfolio.
Price Book 0.0176 | Enterprise Value Ebitda (57.77) | Price Sales 0.0231 | Shares Float 108.7 M | Wall Street Target Price 1.5 |
Spirit Airlines Valuation on September 28, 2023
It is possible to determine the worth of Spirit Airlines on a given historical date. On September 28, 2023 Spirit was worth 15.75 at the beginning of the trading date compared to the closed value of 15.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spirit Airlines stock. Still, in general, we apply an absolute valuation method to find Spirit Airlines' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Spirit Airlines where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spirit Airlines' related companies.
| Open | High | Low | Close | Volume | |
| 15.60 | 15.93 | 15.57 | 15.75 | 1,249,732 | |
09/28/2023 | 15.75 | 15.75 | 15.33 | 15.34 | 1,384,841 |
| 15.36 | 15.78 | 15.35 | 15.74 | 1,486,964 |
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Spirit Airlines Trading Date Momentum on September 28, 2023
| On September 29 2023 Spirit Airlines was traded for 15.74 at the closing time. The top price for the day was 15.78 and the lowest listed price was 15.35 . The trading volume for the day was 1.5 M. The trading history from September 29, 2023 was a factor to the next trading day price growth. The trading price change against the next closing price was 2.61% . The trading price change against the current closing price is 2.02% . |
Spirit Airlines Fundamentals Correlations and Trends
By evaluating Spirit Airlines' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spirit Airlines' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spirit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spirit Airlines Stock history
Spirit Airlines investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Spirit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spirit Airlines will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Spirit Airlines stock prices may prove useful in developing a viable investing in Spirit Airlines
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 109.2 M | 76.2 M | |
| Net Loss | -498.7 M | -473.8 M |
Spirit Airlines Stock Technical Analysis
Spirit Airlines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Spirit Airlines Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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Spirit Airlines November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Spirit Airlines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spirit Airlines shares will generate the highest return on investment. By undertsting and applying Spirit Airlines stock market strength indicators, traders can identify Spirit Airlines entry and exit signals to maximize returns
Spirit Airlines Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spirit Airlines' price direction in advance. Along with the technical and fundamental analysis of Spirit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spirit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.89) | |||
| Total Risk Alpha | (3.73) | |||
| Treynor Ratio | (1.63) |
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Complementary Tools for Spirit Stock analysis
When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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