Spirit Airlines Inc. [SAVE] Stock trading around $43.88 per share: What's Next?
Spirit Airlines Inc. [NYSE: SAVE] price plunged by -1.57 percent to reach at -$0.7. A sum of 730948 shares traded at recent session while its average daily volume was at 1.16M shares. Spirit Airlines Inc. shares reached a high of $44.69 and dropped to a low of $43.79 until finishing in the latest session at $43.88.
The one-year SAVE stock forecast points to a potential upside of 14.75. The average equity rating for SAVE stock is currently 2.40, trading closer to a bullish pattern in the stock market.
Guru's Opinion on Spirit Airlines Inc. [SAVE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SAVE shares is $51.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SAVE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Spirit Airlines Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 06, 2020. The new note on the price target was released on January 09, 2020, representing the official price target for Spirit Airlines Inc. stock.
The Average True Range (ATR) for Spirit Airlines Inc. is set at 1.56, with the Price to Sales ratio for SAVE stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 15.59. Price to Free Cash Flow for SAVE in the course of the last twelve months was 14.08 with Quick ratio for the last quarter at 1.20.
SAVE Stock Performance Analysis:
Spirit Airlines Inc. [SAVE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.72. With this latest performance, SAVE shares gained by 10.58% in over the last four-week period, additionally plugging by 17.61% over the last 6 months - not to mention a drop of -28.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SAVE stock in for the last two-week period is set at 57.20, with the RSI for the last a single of trading hit 56.22, and the three-weeks RSI is set at 56.95 for Spirit Airlines Inc. [SAVE]. The present Moving Average for the last 50 days of trading for this stock 41.09, while it was recorded at 43.89 for the last single week of trading, and 42.13 for the last 200 days.
Insight into Spirit Airlines Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Spirit Airlines Inc. [SAVE] shares currently have an operating margin of +13.55 and a Gross Margin at +17.57. Spirit Airlines Inc.'s Net Margin is presently recorded at +8.75.
Return on Total Capital for SAVE is now 10.45, given the latest momentum, and Return on Invested Capital for the company is 7.14. Return on Equity for this stock inclined to 16.00, with Return on Assets sitting at 5.25. When it comes to the capital structure of this company, Spirit Airlines Inc. [SAVE] has a Total Debt to Total Equity ratio set at 157.34. Additionally, SAVE Total Debt to Total Capital is recorded at 61.14, with Total Debt to Total Assets ending up at 48.08. Long-Term Debt to Equity for the company is recorded at 140.56, with the Long-Term Debt to Total Capital now at 54.62.
Reflecting on the efficiency of the workforce at the company, Spirit Airlines Inc. [SAVE] managed to generate an average of $37,509 per employee. Receivables Turnover for the company is 53.77 with a Total Asset Turnover recorded at a value of 0.60.Spirit Airlines Inc.'s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
SAVE Stock EPS
With the latest financial reports released by the company, Spirit Airlines Inc. posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.84/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SAVE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Spirit Airlines Inc. go to 11.75%.
Spirit Airlines Inc. [SAVE] Insider Position Details
There are presently around $3,215 million, or 96.60% of SAVE stock, in the hands of institutional investors. The top three institutional holders of SAVE stocks are: FMR LLC with ownership of 10,267,116, which is approximately 0.253% of the company's market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 6,262,336 shares of the stock with an approximate value of $274.79 million in SAVE stocks shares; and BLACKROCK INC., currently with $225.03 million in SAVE stock with ownership of nearly 8.981% of the company's market capitalization.
Positions in Spirit Airlines Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 128 institutional holders increased their position in Spirit Airlines Inc. [NYSE:SAVE] by around 9,450,351 shares. Additionally, 109 investors decreased positions by around 7,775,448 shares, while 40 investors held positions by with 56,036,673 shares. The mentioned changes placed institutional holdings at 73,262,472 shares, according to the latest SEC report filing. SAVE stock had 45 new institutional investments in for a total of 2,763,083 shares, while 34 institutional investors sold positions of 2,139,895 shares during the same period.
Volex PLC (LON:VLX) insider Daren Morris sold 113,000 shares of Volex stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of GBX 136 ($1.79), for a total transaction of £153,680 ($202,157.33).
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BlackWall Property Trust (ASX:BWR) insider Joseph (Seph) Glew bought 173,606 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of A$1.38 ($0.98) per share, for a total ...
Cyclopharm Limited (ASX:CYC) insider David Heaney bought 10,000 shares of the stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of A$1.16 ($0.82) per share, with a total value of A$11,560.00 ($8,198.58).
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