Spirit Airlines currently has a performance score of 3 out of 100, indicating a challenging position. Its beta is -1.18, suggesting it moves inversely to the market. This means that when the market rises, Spirit Airlines' stock tends to fall more sharply. Conversely, in a market downturn, the stock might perform better than the broader market. To make an informed decision about Spirit Airlines' potential, consider reviewing its Sortino ratio, skewness, and period momentum indicator. Additionally, examine the relationship between its potential upside and rate of daily change. These metrics can provide insights into whether the current price trends are likely to reverse.
Main Considerations
Thinking about boosting your investment in Spirit Airlines (NYSE: SAVE)? With a recent price percent change of
45.97, this stock has certainly caught the attention of traders looking for dynamic opportunities. Despite a maximum drawdown of
59.28, the airline's current quote at 3.08 suggests potential for those willing to ride the waves of volatility. Keep an eye on the daily balance of power, which stands at 1.45, indicating a strong buying momentum that could signal further gains.
The successful prediction of Spirit Airlines
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Spirit Airlines, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Spirit Airlines based on Spirit Airlines hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Spirit Airlines's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Spirit Airlines's related companies.
Watch out for price decline
Please consider monitoring Spirit Airlines on a daily basis if you are holding a position in it. Spirit Airlines is trading at a penny-stock level, and the possibility of delisting is much higher compared to other delisted stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion.
Most exchanges require public instruments, such as Spirit Airlines stock to be traded above the $1 level to remain listed. If Spirit Airlines stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
Use Technical Analysis to project Spirit expected Price
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, delisted stock market cycles, or different charting patterns.
A focus of Spirit Airlines technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Spirit Airlines trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Another angle On Spirit Airlines
The company reported the previous year's revenue of 5.36
B. Net Loss for the year was (447.46
M) with profit before overhead, payroll, taxes, and interest of 973.03
M.
Current Deferred Revenue Breakdown
Spirit Airlines' Current Deferred Revenue is increasing over the years with slightly volatile fluctuation. Current Deferred Revenue is expected to dwindle to about 288
M. Current Deferred Revenue usually refers to revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends. At present, Spirit Airlines' Current Deferred Revenue is projected to increase significantly based on the last few years of reporting.
| 2017 | 246.4 Million |
| 2018 | 291.98 Million |
| 2019 | 315.41 Million |
| 2020 | 401.97 Million |
| 2021 | 382.32 Million |
| 2022 | 429.62 Million |
| 2023 | 383.75 Million |
| 2024 | 287.97 Million |
"Buy low, sell high" is a classic mantra in investing, but when it comes to Spirit Airlines (NYSE: SAVE), the decision isn't straightforward. With a market capitalization of just $337.32 million and a price-to-book ratio of 0.42X, the stock appears undervalued. However, the airline's financial health raises concerns, with a total debt of $6.93 billion and a probability of bankruptcy at 46.72%. While the potential upside of 6.49 might tempt some investors, the high debt-to-equity ratio and significant downside risks suggest caution. As always, it's crucial to weigh the risks against the potential rewards before increasing your stake.
Our perspective of the latest Spirit Airlines surge
Spirit Airlines has recently seen a boost in its stock price, but investors should proceed with caution. The Sortino Ratio, which measures risk-adjusted returns, has improved slightly to 0.08, suggesting better performance against downside risk. Despite this, the stock could still experience volatility. As of October 24th, Spirit Airlines shows a Risk Adjusted Performance of 0.0525, a coefficient of variation of 1836.13, and a Semi Deviation of 5.22. These metrics highlight the stock's potential instability. It's crucial to examine Spirit Airlines' Jensen Alpha of 0.6172 and the interplay between potential upside and skewness to assess if the current price of $3.08 per share is justified.
Investors should carefully evaluate the company's market performance to ensure its long-term viability.Spirit Airlines' impressive 45% rise in stock value, even as the broader market experiences a slight downturn, presents a compelling case for investors. However, it's crucial to approach this opportunity with a balanced perspective. The analyst consensus currently leans towards a "Sell" recommendation, with a notable number of analysts (4) advising strong sells. Additionally, the stock's valuation real value stands at 6.79, suggesting that the recent surge might be outpacing its intrinsic worth. While the potential upside price of 13.03 offers some room for growth, investors should weigh these factors carefully. As always, thorough research and consideration of market conditions are essential before making any investment decisions..
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Spirit Airlines. Please refer to our
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