Spirit Airlines Inc. (NYSE:SAVE) went up by 0.70% from its latest closing price compared to the recent 1-year high of $40.77. The company’s stock price has collected -4.26% of loss in the last five trading sessions. The Wall Street Journal reported on 10/11/21 that Southwest Airlines Cancels Hundreds of Flights After Weekend Disruption
Is It Worth Investing in Spirit Airlines Inc. (NYSE :SAVE) Right Now?
Plus, the 36-month beta value for SAVE is at 1.67. Opinions of the stock are interesting as 5 analysts out of 14 who provided ratings for Spirit Airlines Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $36.00, which is $10.84 above the current price. SAVE currently public float of 108.01M and currently shorts hold a 5.71% ratio of that float. Today, the average trading volume of SAVE was 4.16M shares.
SAVE’s Market Performance
SAVE stocks went down by -4.26% for the week, with a monthly jump of 4.61% and a quarterly performance of -7.48%, while its annual performance rate touched 54.85%. The volatility ratio for the week stands at 3.05% while the volatility levels for the past 30 days are set at 3.27% for Spirit Airlines Inc.. The simple moving average for the period of the last 20 days is -0.18% for SAVE stocks with a simple moving average of -15.99% for the last 200 days.
Analysts’ Opinion of SAVE
Many brokerage firms have already submitted their reports for SAVE stocks, with JP Morgan repeating the rating for SAVE by listing it as a “Neutral.” The predicted price for SAVE in the upcoming period, according to JP Morgan is $34 based on the research report published on October 01st of the current year 2021.
Citigroup, on the other hand, stated in their research note that they expect to see SAVE reach a price target of $42, previously predicting the price at $40. The rating they have provided for SAVE stocks is “Buy” according to the report published on June 15th, 2021.
MKM Partners gave a rating of “Buy” to SAVE, setting the target price at $44 in the report published on June 10th of the current year.
SAVE Trading at 2.17% 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 -36.57% of loss for the given period.
Volatility was left at 3.27%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +5.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.54% lower at present.
During the last 5 trading sessions, SAVE fell by -4.26%, which changed the moving average for the period of 200-days by +5.90% in comparison to the 20-day moving average, which settled at $25.98. In addition, Spirit Airlines Inc. saw 5.77% in overturn over a single year, with a tendency to cut further gains.
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 $24.72 back on Sep 01. After this action, JOHNSON ROBERT D now owns 14,100 shares of Spirit Airlines Inc., valued at $12,360 using the latest closing price.
Wiggins Rocky, the SVP and CIO of Spirit Airlines Inc., sale 3,000 shares at $22.95 during a trade that took place back on Aug 20, which means that Wiggins Rocky is holding 30,880 shares at $68,850 based on the most recent closing price.
Stock Fundamentals for SAVE
Current profitability levels for the company are sitting at:
- -44.65 for the present operating margin
- -39.96 for the gross margin
The net margin for Spirit Airlines Inc. stands at -23.68. The total capital return value is set at -12.53, while invested capital returns managed to touch -7.14. Equity return is now at value -29.40, with -7.70 for asset returns.
Based on Spirit Airlines Inc. (SAVE), the company’s capital structure generated 214.84 points at debt to equity in total, while total debt to capital is 68.24. Total debt to assets is 53.83, with long-term debt to equity ratio resting at 191.81. Finally, the long-term debt to capital ratio is 60.92.
When we switch over and look at the enterprise to sales, we see a ratio of 2.73, with the company’s debt to enterprise value settled at 0.98. The receivables turnover for the company is 12.69 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.