Can Spirit Airlines Inc. (SAVE) Remain Competitive?

Spirit Airlines Inc. (NYSE:SAVE) went up by 1.74% from its latest closing price compared to the recent 1-year high of $47.50. The company’s stock price has collected 4.26% of gains in the last five trading sessions. Barron’s reported 11 hours ago that As Furloughs Begin, Airline Stocks Are Rising

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Is It Worth Investing in Spirit Airlines Inc. (NYSE :SAVE) Right Now?

Spirit Airlines Inc. (NYSE:SAVE) scored a price-to-earnings ratio above its average ratio, recording 90.00 x from its present earnings ratio. Plus, the 36-month beta value for SAVE is at 1.26. Opinions of the stock are interesting as 6 analysts out of 15 who provided ratings for Spirit Airlines Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 3 as “sell.”


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The average price from analysts is $18.07, which is $2.08 above the current price. SAVE currently public float of 88.15M and currently shorts hold a 18.23% ratio of that float. Today, the average trading volume of SAVE was 11.06M shares.

SAVE’s Market Performance

SAVE stocks went up by 4.26% for the week, with a monthly drop of -6.88% and a quarterly performance of -5.86%, while its annual performance rate touched -52.80%. The volatility ratio for the week stands at 3.95% while the volatility levels for the past 30 days are set at 5.28% for Spirit Airlines Inc.. The simple moving average for the period of the last 20 days is -4.65% for SAVE stocks with a simple moving average of -26.21% for the last 200 days.

Analysts’ Opinion of SAVE

Many brokerage firms have already submitted their reports for SAVE stocks, with Seaport Global Securities repeating the rating for SAVE by listing it as a “Buy.” The predicted price for SAVE in the upcoming period, according to Seaport Global Securities is $29 based on the research report published on June 17th of the current year 2020.

SAVE Trading at -4.74% from the 50-Day Moving Average

After a stumble in the market that brought SAVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.52% of loss for the given period.

Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -6.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.68% lower at present.

During the last 5 trading sessions, SAVE rose by +4.26%, which changed the moving average for the period of 200-days by -58.18% in comparison to the 20-day moving average, which settled at $17.12. In addition, Spirit Airlines Inc. saw -59.36% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SAVE starting from JOHNSON ROBERT D, who sale 500 shares at the price of $13.00 back on Jun 01. After this action, JOHNSON ROBERT D now owns 10,831 shares of Spirit Airlines Inc., valued at $6,500 using the latest closing price.

Canfield Thomas C, the SVP, General Counsel and Sec of Spirit Airlines Inc., purchase 2,500 shares at $20.34 during a trade that took place back on Mar 10, which means that Canfield Thomas C is holding 59,577 shares at $50,850 based on the most recent closing price.

Stock Fundamentals for SAVE

Current profitability levels for the company are sitting at:

  • +13.55 for the present operating margin
  • +17.57 for the gross margin

The net margin for Spirit Airlines Inc. stands at +8.75. The total capital return value is set at 10.45, while invested capital returns managed to touch 7.14. Equity return is now at value -0.30, with -0.10 for asset returns.

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Based on Spirit Airlines Inc. (SAVE), the company’s capital structure generated 157.34 points at debt to equity in total, while total debt to capital is 61.14. Total debt to assets is 48.08, with long-term debt to equity ratio resting at 140.56. Finally, the long-term debt to capital ratio is 54.62.

Currently, EBITDA for the company is -273.18M with total debt to EBITDA at 2.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.37, with the company’s debt to enterprise value settled at 0.68. The receivables turnover for the company is 53.77 and the total asset turnover is 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.

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