The stock of Spirit Airlines Inc. (SAVE) has seen a -7.19% decrease in the past week, with a -14.55% drop in the past month, and a -22.09% decrease in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 2.23% for SAVE. The simple moving average for the past 20 days is -8.23% for SAVE’s stock, with a -24.31% simple moving average for the past 200 days.
Is It Worth Investing in Spirit Airlines Inc. (NYSE: SAVE) Right Now?
, and the 36-month beta value for SAVE is at 1.12. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
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The average price suggested by analysts for SAVE is $21.63, which is $8.78 above the current market price. The public float for SAVE is 108.40M, and currently, shorts hold a 8.27% of that float. The average trading volume for SAVE on May 26, 2023 was 1.96M shares.
SAVE) stock’s latest price update
Spirit Airlines Inc. (NYSE: SAVE) has seen a decline in its stock price by -1.89 in relation to its previous close of 14.83. However, the company has experienced a -7.19% decline in its stock price over the last five trading sessions. The Wall Street Journal reported on 03/31/23 that More States Join Antitrust Lawsuit to Block JetBlue, Spirit Merger
SAVE Trading at -12.04% 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 -41.69% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -15.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.11% lower at present.
During the last 5 trading sessions, SAVE fell by -7.79%, which changed the moving average for the period of 200-days by -40.85% in comparison to the 20-day moving average, which settled at $15.82. In addition, Spirit Airlines Inc. saw -23.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SAVE
Current profitability levels for the company are sitting at:
- -2.61 for the present operating margin
- +0.90 for the gross margin
The net margin for Spirit Airlines Inc. stands at -10.93. The total capital return value is set at -1.76, while invested capital returns managed to touch -7.88. Equity return is now at value -27.40, with -5.20 for asset returns.
Based on Spirit Airlines Inc. (SAVE), the company’s capital structure generated 393.93 points at debt to equity in total, while total debt to capital is 79.75. Total debt to assets is 60.38, with long-term debt to equity ratio resting at 359.88. Finally, the long-term debt to capital ratio is 72.86.
When we switch over and look at the enterprise to sales, we see a ratio of 1.14, with the company’s debt to enterprise value settled at 0.92. The receivables turnover for the company is 25.33 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In conclusion, Spirit Airlines Inc. (SAVE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
