NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis $2.96 +0.08 (+2.78%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$2.85▼$2.9850-Day Range$2.76▼$3.9652-Week Range$2.69▼$18.52Volume3.43 million shsAverage Volume5.57 million shsMarket Capitalization$324.12 millionP/E RatioN/ADividend YieldN/APrice Target$2.64 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingStrong Sell1.22 Rating ScoreUpside/Downside10.7% Downside$2.64 Price TargetShort InterestBearish29.33% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.19Based on 18 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($4.79) to ($2.90) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.30 out of 5 starsTransportation Sector119th out of 120 stocksAir Transportation, Scheduled Industry17th out of 18 stocks 1.6 Analyst's Opinion Consensus RatingSpirit Airlines has received a consensus rating of Strong Sell. The company's average rating score is 1.22, and is based on no buy ratings, 2 hold ratings, and 7 sell ratings.Amount of Analyst CoverageSpirit Airlines has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Spirit Airlines' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted29.33% of the float of Spirit Airlines has been sold short.Short Interest Ratio / Days to CoverSpirit Airlines has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in Spirit Airlines has recently increased by 7.80%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpirit Airlines does not currently pay a dividend.Dividend GrowthSpirit Airlines does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SAVE. Previous Next 1.0 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of -0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 13 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.MarketBeat FollowsOnly 12 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spirit Airlines insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.72% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions58.73% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Spirit Airlines' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($4.79) to ($2.90) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -0.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Spirit Airlines is -0.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSpirit Airlines has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Spirit Airlines' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. About Spirit Airlines Stock (NYSE:SAVE)Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was incorporated in 1964 and is headquartered in Miramar, Florida.Read More SAVE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SAVE Stock News HeadlinesJuly 26 at 7:33 PM | msn.comScore $39 Flights to Las Vegas, Orlando, and More With Spirit's Latest Fare SaleJuly 26 at 1:20 PM | americanbankingnews.comCitigroup Cuts Spirit Airlines (NYSE:SAVE) Price Target to $2.75July 27, 2024 | Weiss Ratings (Ad)The next companies to potentially benefit thanks to Nvidia are …Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.July 26 at 1:55 AM | americanbankingnews.comAnalysts Set Expectations for Spirit Airlines, Inc.'s Q3 2024 Earnings (NYSE:SAVE)July 24 at 12:17 PM | msn.comThe Spirit agents who went TikTok viral were just let goJuly 23, 2024 | markets.businessinsider.comSell Rating on Spirit Airlines Amid Financial Struggles and Dim Revenue ProspectsJuly 23, 2024 | markets.businessinsider.comUnveiling 10 Analyst Insights On Spirit AirlinesJuly 22, 2024 | msn.comSpirit Airlines Inc. stock rises Monday, still underperforms marketJuly 27, 2024 | Weiss Ratings (Ad)The next companies to potentially benefit thanks to Nvidia are …Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.July 21, 2024 | finance.yahoo.comSpirit Airlines Has Fallen 82% This Year: Should You Buy the Dip for the Second Half of 2024?July 21, 2024 | fool.comSpirit Airlines Has Fallen 82% This Year: Should You Buy the Dip for the Second Half of 2024?July 20, 2024 | finance.yahoo.comSpirit Airlines execs sound warning about worrisome trendJuly 20, 2024 | msn.com‘Shut Up!: Social Media Erupts After Viral Video Shows ‘Frustrated’ Spirit Airlines Employee Scream At Passengers Stuck After 8-Hour DelayJuly 20, 2024 | americanbankingnews.comQ2 2024 EPS Estimates for Spirit Airlines, Inc. (NYSE:SAVE) Decreased by AnalystJuly 19, 2024 | marketwatch.comSpirit Airlines Inc. stock underperforms Friday when compared to competitors despite daily gainsJuly 19, 2024 | msn.comTop Stock Movers Now: Chip Stocks, Spirit Airlines, VF Corp. and MoreJuly 19, 2024 | seekingalpha.comSpirit Airlines: Overstated FearsJuly 19, 2024 | markets.businessinsider.comSell Rating on Spirit Airlines Amid Revenue Concerns and Debt MaturitiesSee More Headlines Receive SAVE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spirit Airlines and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/06/2024Today7/26/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Air transportation, scheduled Sub-IndustryTransportation Current SymbolNYSE:SAVE CUSIPN/A CIK1498710 Webwww.spirit.com Phone(954) 447-7920Fax954-447-7979Employees13,167Year FoundedN/APrice Target and Rating Average Stock Price Target$2.64 High Stock Price Target$3.50 Low Stock Price Target$2.00 Potential Upside/Downside-10.7%Consensus RatingStrong Sell Rating Score (0-4)1.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($4.44) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-447,460,000.00 Net Margins-9.21% Pretax Margin-10.88% Return on Equity-34.64% Return on Assets-4.53% Debt Debt-to-Equity Ratio3.17 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$5.36 billion Price / Sales0.06 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.28Miscellaneous Outstanding Shares109,500,000Free Float108,713,000Market Cap$324.12 million OptionableOptionable Beta1.40 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Edward M. Christie III (Age 53)President, CEO & Director Comp: $1.85MMr. Scott M. Haralson (Age 51)Executive VP & CFO Comp: $841.27kMr. John Bendoraitis (Age 60)Executive VP & COO Comp: $964.05kMs. Melinda C. Grindle (Age 50)Senior VP & Chief Human Resources Officer Comp: $657.28kMr. Matthew H. Klein (Age 50)Executive VP & Chief Commercial Officer Comp: $879.3kMr. Rocky B. Wiggins (Age 65)Senior VP & Chief Information Officer Comp: $798.12kDeAnne GabelSenior Director of Investor RelationsMr. Thomas C. Canfield (Age 68)Senior VP, General Counsel & Company Secretary Comp: $701.45kMr. Brian J. McMenamy (Age 65)VP & Controller Simon GoreTreasurerMore ExecutivesKey CompetitorsNavigatorNYSE:NVGSUniversal LogisticsNASDAQ:ULHBristow GroupNYSE:VTOLCapital Product PartnersNASDAQ:CPLPFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpSold 52,516 shares on 7/26/2024Ownership: 0.986%Summit Securities Group LLCBought 50,000 shares on 7/26/2024Ownership: 0.000%SeaCrest Wealth Management LLCBought 17,204 shares on 7/22/2024Ownership: 0.016%Nisa Investment Advisors LLCBought 16,886 shares on 7/20/2024Ownership: 0.017%Roman Butler Fullerton & Co.Bought 10,595 shares on 7/16/2024Ownership: 0.163%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions How have SAVE shares performed this year? Spirit Airlines' stock was trading at $16.39 on January 1st, 2024. Since then, SAVE shares have decreased by 81.9% and is now trading at $2.96. View the best growth stocks for 2024 here. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) posted its earnings results on Monday, May, 6th. The company reported ($1.46) EPS for the quarter, missing analysts' consensus estimates of ($1.45) by $0.01. The business's revenue for the quarter was down 6.2% on a year-over-year basis. What is Ted Christie's approval rating as Spirit Airlines' CEO? 78 employees have rated Spirit Airlines Chief Executive Officer Ted Christie on Glassdoor.com. Ted Christie has an approval rating of 93% among the company's employees. This puts Ted Christie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are Spirit Airlines' major shareholders? Spirit Airlines' top institutional shareholders include Bank of New York Mellon Corp (0.99%), Summit Securities Group LLC, Roman Butler Fullerton & Co. (0.16%) and SG Americas Securities LLC (0.02%). View institutional ownership trends. How do I buy shares of Spirit Airlines? Shares of SAVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SAVE) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | SponsoredNext opportunity for crypto millionsThe Bitcoin halving is the #1 creator of "crypto millionaires". 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