NYSE:SAVE Spirit Airlines (SAVE) Stock Price, News & Analysis → Central Banks Preparing for US Dollar Collapse? (From Behind the Markets) (Ad) Free SAVE Stock Alerts $4.84 +0.22 (+4.76%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$4.64▼$4.9450-Day Range$4.10▼$8.2452-Week Range$3.96▼$19.69Volume5.94 million shsAverage Volume8.03 million shsMarket Capitalization$530.43 millionP/E RatioN/ADividend YieldN/APrice Target$7.57 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Spirit Airlines alerts: Email Address Spirit Airlines MarketRank™ Stock AnalysisAnalyst RatingStrong Sell1.43 Rating ScoreUpside/Downside56.3% Upside$7.57 Price TargetShort InterestBearish24.46% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 15 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.80) to ($1.57) 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.2.17 out of 5 starsTransportation Sector84th out of 116 stocksAir Transportation, Scheduled Industry12th out of 17 stocks 3.7 Analyst's Opinion Consensus RatingSpirit Airlines has received a consensus rating of Strong Sell. The company's average rating score is 1.43, and is based on no buy ratings, 3 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.57, Spirit Airlines has a forecasted upside of 56.3% from its current price of $4.85.Amount of Analyst CoverageSpirit Airlines has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted24.46% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spirit Airlines has recently increased by 20.41%, 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 1.9 News and Social Media Coverage News SentimentSpirit Airlines has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 15 news articles for Spirit Airlines this week, compared to 19 articles on an average week.Search InterestOnly 77 people have searched for SAVE on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat Follows31 people have added Spirit Airlines to their MarketBeat watchlist in the last 30 days. This is an increase of 35% 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 0.55% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Spirit Airlines are expected to grow in the coming year, from ($2.80) to ($1.57) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spirit Airlines is -1.18, 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 -1.18, 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 0.47. 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 Ad Behind the MarketsCentral Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.Find out how you can protect yourself 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 HeadlinesMarch 4, 2024 | marketbeat.comJetBlue Airways, facing pushback from antitrust regulators in US, ends bid to buy Spirit AirlinesJetBlue Airways, facing pushback from antitrust regulators in US, ends bid to buy Spirit AirlinesMarch 29, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Coverage Initiated at BarclaysMarch 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 28, 2024 | fool.com1 Wall Street Analyst Thinks Spirit Airlines Stock Is Going to $4. Is It a Sell?March 28, 2024 | usatoday.comGet to the beach quicker: These US airlines begin nonstop service to new Tulum airportMarch 28, 2024 | americanbankingnews.comSpirit Airlines (NYSE:SAVE) Coverage Initiated by Analysts at BarclaysMarch 27, 2024 | msn.comSpirit to Launch New Routes to Fort Lauderdale, Boston, San Diego, and MoreMarch 27, 2024 | markets.businessinsider.comSpirit Airlines Faces Sell Rating Amidst Operational and Financial HeadwindsMarch 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 27, 2024 | markets.businessinsider.comDeep Dive Into Spirit Airlines Stock: Analyst Perspectives (4 Ratings)March 26, 2024 | msn.comSpirit Airlines is looking to move away from this key marketMarch 25, 2024 | forbes.comFAA Fines Spirit Airlines For Hazmat Violation—Recalling ValueJet CrashMarch 25, 2024 | afr.com‘We have to save company from itself’. Union seeks Boeing board seatMarch 25, 2024 | afr.com‘We have to save company from itself’. Union seeks Boeing board seatMarch 20, 2024 | msn.comAlaska Airlines Is Introducing a Subscription Service With Early Access to Sales, Free Wi-fi, and More Perks — How to Sign UpMarch 20, 2024 | msn.comJetBlue is cutting 20 routes and abandoning 5 cities as it scrambles to slash costs amid its failed Spirit merger — see the listMarch 20, 2024 | businessinsider.comJetBlue is cutting 20 routes and abandoning 5 cities as it scrambles to cut costs amid its failed Spirit merger — see the listMarch 20, 2024 | msn.comJetBlue Cuts 16 Routes, Leaves Five Cities After Spirit Merger DebacleMarch 20, 2024 | msn.comJetBlue changes flights at Fort Lauderdale airport after canceled merger with SpiritMarch 19, 2024 | nypost.comJetBlue dropping service to these cities after deals with Spirit, American blockedMarch 18, 2024 | msn.comFormer Spirit Airlines CEO, now battling ALS, gets ‘new’ AI voice based on his own pre-disease voiceMarch 17, 2024 | bizjournals.comHospitality Tracker: Spirit, JetBlue kill $3.8 billion merger; Renowned chef to open upscale condo restaurantMarch 16, 2024 | bizjournals.comThese are the busiest airlines at Orlando International AirportMarch 15, 2024 | benzinga.comSmart Money Is Betting Big In SAVE OptionsMarch 15, 2024 | finance.yahoo.comYounger travelers are planning more, even turning to travel agentsMarch 15, 2024 | nbcnews.comSeat belt saved passenger’s life on Boeing Alaska Airlines flight that suffered door panel blowout, new lawsuit claimsMarch 14, 2024 | msn.comJetBlue CEO Says Spirit Was 'Distraction': Stock Strikes Golden Cross As Airline Focuses On Core MarketsSee 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 1/31 Dividend1/24/2024Dividend Payable1/31/2024Last Earnings2/08/2024Ex-Dividend for 2/29 Dividend2/22/2024Dividend Payable2/29/2024Today3/29/2024Next Earnings (Estimated)4/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Air transportation, scheduled Sub-IndustryN/A 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$7.57 High Stock Price Target$20.00 Low Stock Price Target$4.00 Potential Upside/Downside+56.3%Consensus RatingStrong Sell Rating Score (0-4)1.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($4.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-447,460,000.00 Net Margins-8.34% Pretax Margin-10.42% Return on Equity-26.38% Return on Assets-3.80% Debt Debt-to-Equity Ratio2.69 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$5.36 billion Price / Sales0.10 Cash FlowN/A Price / Cash FlowN/A Book Value$10.39 per share Price / Book0.47Miscellaneous Outstanding Shares109,480,000Free Float108,876,000Market Cap$530.43 million OptionableOptionable Beta1.38 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.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. Robert A. Schroeter (Age 46)Senior VP & Chief Marketing Officer Comp: $405.77kMr. Brian J. McMenamy (Age 65)VP & Controller More ExecutivesKey CompetitorsControladora Vuela Compañía de AviaciónNYSE:VLRSHawaiianNASDAQ:HASun Country AirlinesNASDAQ:SNCYAllegiant TravelNASDAQ:ALGTFrontier GroupNASDAQ:ULCCView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 1,817,100 shares on 3/27/2024Ownership: 0.000%HBK Investments L PBought 1,832,500 shares on 3/14/2024Ownership: 0.000%Vanguard Group Inc.Bought 68,710 shares on 3/11/2024Ownership: 9.517%Goldman Sachs Group Inc.Bought 859,700 shares on 3/1/2024Ownership: 0.000%Quarry LPBought 60,000 shares on 2/20/2024Ownership: 0.000%View All Institutional Transactions SAVE Stock Analysis - Frequently Asked Questions Should I buy or sell Spirit Airlines stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 4 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong sell" SAVE shares. View SAVE analyst ratings or view top-rated stocks. What is Spirit Airlines' stock price target for 2024? 7 equities research analysts have issued 12-month price objectives for Spirit Airlines' stock. Their SAVE share price targets range from $4.00 to $20.00. On average, they expect the company's stock price to reach $7.57 in the next twelve months. This suggests a possible upside of 56.3% 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 2024? Spirit Airlines' stock was trading at $16.39 at the beginning of the year. Since then, SAVE stock has decreased by 70.4% and is now trading at $4.8450. View the best growth stocks for 2024 here. When is Spirit Airlines' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our SAVE earnings forecast. How were Spirit Airlines' earnings last quarter? Spirit Airlines, Inc. (NYSE:SAVE) issued its earnings results on Thursday, February, 8th. The company reported ($1.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.06. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Spirit Airlines had a negative trailing twelve-month return on equity of 26.38% and a negative net margin of 8.34%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. How often does Spirit Airlines pay dividends? What is the dividend yield for Spirit Airlines? Spirit Airlines announced a dividend on Tuesday, February 13th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.10 per share on Thursday, February 29th. The ex-dividend date is Thursday, February 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 first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.52%), Vanguard Group Inc. (9.52%), Nomura Holdings Inc. (0.00%), Nomura Holdings Inc. (0.00%), Balyasny Asset Management L.P. (0.00%) and Dimensional Fund Advisors LP (2.88%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders Alliance“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Spirit Airlines, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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