Spirit Airlines Stock Price, News & Analysis (NYSE:SAVE) $14.00 -1.58 (-10.14%) (As of 02:04 PM ET) Add Compare Share Share Today's Range$12.80▼$15.5550-Day Range$8.78▼$16.8552-Week Range$8.68▼$21.25Volume10.83 million shsAverage Volume2.23 million shsMarket Capitalization$1.53 billionP/E RatioN/ADividend YieldN/APrice Target$16.40 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside14.8% Upside$16.40 Price TargetShort InterestBearish13.83% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.03Based on 19 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($3.42) to ($2.43) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.52 out of 5 starsTransportation Sector103rd out of 104 stocksAir Transportation, Scheduled Industry17th out of 17 stocks 2.1 Analyst's Opinion Consensus RatingSpirit Airlines has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.40, Spirit Airlines has a forecasted upside of 14.8% from its current price of $14.28.Amount of Analyst CoverageSpirit Airlines has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted13.83% 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 4.4.Change versus previous monthShort interest in Spirit Airlines has recently increased by 40.87%, 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 2.2 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of -0.03. 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 0.29 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Spirit Airlines this week, compared to 14 articles on an average week.Search Interest57 people have searched for SAVE on MarketBeat in the last 30 days. This is an increase of 138% compared to the previous 30 days.MarketBeat Follows6 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 1.7 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 0.55% of the stock of Spirit Airlines is held by insiders.Percentage Held by Institutions65.22% of the stock of Spirit Airlines is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($3.42) to ($2.43) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -2.91, 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 -2.91, 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 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Spirit Airlines Stock (NYSE:SAVE)Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. It serves 92 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2022, the company had a fleet of 194 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 founded 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 HeadlinesDecember 5, 2023 | markets.businessinsider.comWhy Hawaiian Airlines Shares Are Trading Higher By Over 180%; Here Are 20 Stocks Moving PremarketDecember 5, 2023 | finance.yahoo.comUPDATE 1-Trial over JetBlue's Spirit merger ends with US judge mulling optionsDecember 5, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. December 5, 2023 | benzinga.comSpotlight on Spirit Airlines: Analyzing the Surge in Options ActivityDecember 5, 2023 | finance.yahoo.comJetBlue, at trial's end, urges judge to allow Spirit Airlines mergerDecember 5, 2023 | finance.yahoo.comSpirit Airlines stock is falling as JetBlue merger decision nears; here's what you need to knowDecember 5, 2023 | finance.yahoo.comTrial to determine whether JetBlue can buy Spirit, further consolidating industry, comes to a headDecember 5, 2023 | forbes.comAlaska Airlines Agrees To Buy Hawaiian AirlinesDecember 5, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.December 4, 2023 | msn.comThe merger of JetBlue and Spirit is a net benefit to consumersDecember 4, 2023 | benzinga.comSpirit Airlines Options Trading: A Deep Dive into Market SentimentDecember 4, 2023 | 247wallst.comWill Alaska-Hawaiian Airlines Merger Fly?December 4, 2023 | finance.yahoo.comHawaiian Airlines Stock Nearly Triples on Alaska Deal. Why Shares Could Fly Higher.December 4, 2023 | investing.comHawaiian Airlines' parent surges on $1.9 billion buyout deal with Alaska AirDecember 4, 2023 | reuters.comHawaiian Airlines' parent surges on $1.9 bln buyout deal with Alaska AirDecember 2, 2023 | msn.comIs Spirit Airlines Safe?December 1, 2023 | finance.yahoo.comLeaked memo shows Spirit offering employees buyout packages to bring down costsNovember 30, 2023 | msn.comSize Does Matter! The Carry-On Luggage Sizes By Different AirlinesNovember 29, 2023 | msn.comSpirit Airlines offers buyouts to salaried employees to cut costsNovember 29, 2023 | msn.comDOJ trial to block Spirit/JetBlue set to close on Tuesday as remaining days canceledNovember 29, 2023 | finance.yahoo.comSpirit Airlines Offers Employees Early Retirement in Cost-Cutting BidNovember 27, 2023 | msn.comSpirit Airlines' Travel Tuesday specials: Some one way tickets drop below $30November 25, 2023 | msn.comSpirit Airlines offers $20 flights during ‘Black and Yellow’ saleNovember 24, 2023 | yahoo.comSpirit Airlines offers $20 flights for Black FridayNovember 24, 2023 | markets.businessinsider.comSoar Into Savings: Spirit Airlines Unleashes Black & Yellow Friday BonanzaNovember 24, 2023 | finance.yahoo.comSpirit Airlines Kicks Off Black & Yellow Friday with Limited-Time Offers on Flights, Vacation Packages and Free Spirit® PointsNovember 24, 2023 | msn.comThese Are the Best Black Friday Deals on Hotels, Cruises, Airlines and More — Up to 50% OffSee 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 Ex-Dividend for 10/31 Dividend10/24/2023Last Earnings10/26/2023Dividend Payable10/31/2023Ex-Dividend for 11/30 Dividend11/22/2023Dividend Payable11/30/2023Today12/05/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/05/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Air transportation, scheduled Sub-IndustryN/A SectorTransportation Current SymbolNYSE:SAVE CUSIPN/A CIK1498710 Webwww.spirit.com Phone(954) 447-7920Fax954-447-7979Employees12,025Year FoundedN/APrice Target and Rating Average Stock Price Target$16.40 High Stock Price Target$24.00 Low Stock Price Target$10.00 Potential Upside/Downside+16.1%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($4.90) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-554,150,000.00 Net Margins-9.84% Pretax Margin-12.35% Return on Equity-13.33% Return on Assets-2.09% Debt Debt-to-Equity Ratio2.31 Current Ratio0.91 Quick Ratio0.91 Sales & Book Value Annual Sales$5.43 billion Price / Sales0.28 Cash Flow$1.31 per share Price / Cash Flow10.77 Book Value$14.44 per share Price / Book0.98Miscellaneous Outstanding Shares109,168,000Free Float108,568,000Market Cap$1.54 billion OptionableOptionable Beta1.32 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Edward M. Christie III (Age 52)President, CEO & Director Comp: $1.85MMr. Scott M. Haralson (Age 50)Executive VP & CFO Comp: $841.27kMr. John Bendoraitis (Age 59)Executive VP & COO Comp: $964.05kMs. Melinda C. Grindle (Age 49)Senior VP & Chief Human Resources Officer Comp: $657.28kMr. Matthew H. Klein (Age 49)Executive VP & Chief Commercial Officer Comp: $879.3kMr. Rocky B. Wiggins (Age 64)Senior VP & Chief Information Officer Comp: $798.12kDeAnne GabelSenior Director of Investor RelationsMr. Thomas C. Canfield (Age 67)Senior VP, General Counsel & Company Secretary Comp: $701.45kMr. Robert A. Schroeter (Age 45)Senior VP & Chief Marketing Officer Comp: $405.77kMr. Brian J. McMenamy (Age 64)VP & Controller More ExecutivesKey CompetitorsJetBlue AirwaysNASDAQ:JBLUAllegiant TravelNASDAQ:ALGTSkyWestNASDAQ:SKYWGol Linhas Aéreas InteligentesNYSE:GOLFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipAmerican Century Companies Inc.Bought 293,517 shares on 11/30/2023Ownership: 0.574%Deutsche Bank AGSold 284,346 shares on 11/24/2023Ownership: 0.045%Walleye Trading LLCBought 156,700 shares on 11/21/2023Ownership: 0.000%SkyView Investment Advisors LLCBought 3,115 shares on 11/17/2023Ownership: 0.074%GTS Securities LLCBought 12,400 shares on 11/16/2023Ownership: 0.000%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions Should I buy or sell Spirit Airlines stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SAVE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAVE, but not buy additional shares or sell existing shares. View SAVE analyst ratings or view top-rated stocks. What is Spirit Airlines' stock price target for 2024? 5 equities research analysts have issued 1 year target prices for Spirit Airlines' stock. Their SAVE share price targets range from $10.00 to $24.00. On average, they expect the company's stock price to reach $16.40 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price. View analysts price targets for SAVE or view top-rated stocks among Wall Street analysts. How have SAVE shares performed in 2023? Spirit Airlines' stock was trading at $19.48 at the beginning of the year. Since then, SAVE stock has decreased by 26.7% and is now trading at $14.28. View the best growth stocks for 2023 here. Are investors shorting Spirit Airlines? Spirit Airlines saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 14,960,000 shares, an increase of 40.9% from the October 31st total of 10,620,000 shares. Based on an average trading volume of 3,370,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 13.8% of the shares of the company are sold short. View Spirit Airlines' Short Interest. When is Spirit Airlines' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024. View our SAVE earnings forecast. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) announced its earnings results on Thursday, October, 26th. The company reported ($1.37) EPS for the quarter, topping analysts' consensus estimates of ($1.47) by $0.10. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Spirit Airlines had a negative net margin of 9.84% and a negative trailing twelve-month return on equity of 13.33%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines announced a dividend on Tuesday, November 14th. Investors of record on Friday, November 24th will be paid a dividend of $0.10 per share on Thursday, November 30th. The ex-dividend date is Wednesday, November 22nd. Read our dividend analysis for SAVE. What ETFs hold Spirit Airlines' stock? ETFs with the largest weight of Spirit Airlines (NYSE:SAVE) stock in their portfolio include Roundhill MEME ETF (MEME), SPDR S&P Transportation ETF (XTN), AltShares Merger Arbitrage ETF (ARB), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR). What guidance has Spirit Airlines issued on next quarter's earnings? Spirit Airlines updated its third quarter 2023 earnings guidance on Wednesday, September, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.25 billion-$1.25 billion, compared to the consensus revenue estimate of $1.32 billion. 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' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (4.85%), Nomura Holdings Inc. (0.00%), Alpine Associates Management Inc. (1.74%), Letko Brosseau & Associates Inc. (1.51%), Ancient Art L.P. (1.27%) and Charles Schwab Investment Management Inc. (0.94%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. 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