Spirit Airlines Stock Today
| SAVE Stock | USD 0.15 0.93 86.11% |
Performance0 of 100
| Odds Of DistressLess than 44
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Spirit Airlines is trading at 0.15 as of the 21st of November 2024, a 86.11 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.13. Spirit Airlines has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Spirit Airlines are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Transportation | IPO Date 26th of May 2011 | Category Industrials |
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. The company has 109.52 M outstanding shares of which 37.5 M shares are at this time shorted by private and institutional investors with about 1.98 trading days to cover. More on Spirit Airlines
Moving against Spirit Stock
| 0.54 | CPA | Copa Holdings SA | PairCorr |
| 0.45 | LUV | Southwest Airlines Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | ALK | Alaska Air Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.37 | DAL | Delta Air Lines Fiscal Year End 10th of January 2025 | PairCorr |
| 0.36 | UAL | United Airlines Holdings Fiscal Year End 27th of January 2025 | PairCorr |
| 0.35 | VLRS | Volaris | PairCorr |
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Spirit Stock Highlights
| CEO President | Edward III | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Airlines (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Passenger Airlines, Transportation, Industrials, NYSE Composite, ARCA Airline, NASDAQ Composite Total, OMX Stockholm Large, OMX Stockholm, Airlines, Industrials, Passenger Airlines, Airlines, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsSpirit Airlines can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Spirit Airlines' financial leverage. It provides some insight into what part of Spirit Airlines' total assets is financed by creditors.
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Spirit Airlines (SAVE) is traded on New York Stock Exchange in USA. It is located in 2800 Executive Way, Miramar, FL, United States, 33025 and employs 13,167 people. Spirit Airlines is listed under Passenger Airlines category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 118.28 M. Spirit Airlines conducts business under Passenger Airlines sector and is part of Industrials industry. The entity has 109.52 M outstanding shares of which 37.5 M shares are at this time shorted by private and institutional investors with about 1.98 trading days to cover.
Spirit Airlines currently holds about 1.06 B in cash with (246.66 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.
Check Spirit Airlines Probability Of Bankruptcy
Ownership AllocationSpirit Airlines shows a total of 109.52 Million outstanding shares. 30% of Spirit Airlines outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Spirit Ownership Details
Spirit Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2024-09-30 | 910.2 K | |
| Par Capital Management Inc | 2024-09-30 | 767 K | |
| Bnp Paribas Arbitrage, Sa | 2024-06-30 | 745.5 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 724.6 K | |
| Jane Street Group Llc | 2024-06-30 | 465.9 K | |
| Federated Hermes Inc | 2024-09-30 | 442.5 K | |
| Ubs Group Ag | 2024-06-30 | 404.2 K | |
| Susquehanna Portfolio Strategies Llc | 2024-06-30 | 265.6 K | |
| Roman Butler Fullerton & Co | 2024-09-30 | 264.4 K | |
| Us Global Investors Inc | 2024-09-30 | 12 M | |
| Blackrock Inc | 2024-06-30 | 8.1 M |
Spirit Airlines Historical Income Statement
Spirit Stock Against Markets
Spirit Airlines Corporate Directors
| Myrna Soto | Independent Director | Profile | |
| Dawn Zier | Independent Director | Profile | |
| Carlton Donaway | Independent Director | Profile | |
| Deanne Gabel | Senior Director, Investor Relations | Profile |
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Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share (6.20) | Revenue Per Share 46.897 | Quarterly Revenue Growth (0.11) | Return On Assets (0.05) |
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.