How have Spirit Airlines Inc. (SAVE)’s performance and profitability changed over the time?

As of right now, Spirit Airlines Inc. [SAVE] is trading at $16.46, down -0.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SAVE shares have gain 5.45% over the last week, with a monthly amount glided 3.75%, and seem to be holding up well over a long-time horizon.

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On 14, September 2023, Spirit Airlines Lands Milestone Partnership with Liberty University to Expand Pilot Pipeline. In a post published today on Yahoo Finance, Spirit Wings Pilot Pathway adds 10th partner, launches at top-tier, collegiate pilot training program in Lynchburg, Virginia.

From an analyst’s perspective:

Spirit Airlines Inc. [NYSE: SAVE] stock has seen the most recent analyst activity on December 20, 2022, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $24 from $27.

Through the last year, Spirit Airlines Inc.’s stock price ranged from $14.16 to $22.41. Currently, Wall Street analysts expect the stock to reach $19.25 within the next 12 months. Spirit Airlines Inc. [NYSE: SAVE] shares were valued at $16.46 at the most recent close of the market. An investor can expect a potential return of 16.95% based on the average SAVE price forecast.

Analyzing the SAVE fundamentals

For Spirit Airlines Inc., (SAVE), the latest quarter sales were 1.43 billion, which represents an 4.80% increase. In this publicly-traded organization, revenue per employee is $456,329, while income per employee is -$49,892. Gross Margin for this corporation currently stands at +0.90% with Operating Margin at -2.61%, Pretax Margin comes in at -13.83%, and Net Margin reading is -10.93%. To continue investigating profitability, this company’s Return on Assets is posted at -5.66, Equity is -30.07, Total Capital is -1.76, and Invested Capital is -7.88. An extended look at the Principal structure reveals enduring liabilities to the total capital of 79.75 and enduring liabilities to assets of 60.38.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.22 points at the first support level, and at 15.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.91, and for the 2nd resistance point, it is at 17.36.

Spirit Airlines Inc. [SAVE] reported earnings per share of $0.29 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of -$0.09 and a surprise factor of -23.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$0.82 per share as compared to estimates of -$0.85 per share, a difference of $0.03 representing a surprise of 3.50%.

Ratios To Look Out For

It is important to note that Spirit Airlines Inc. [NYSE:SAVE] has a current ratio of 1.10. Also, the Quick Ratio is 1.25, while the Cash Ratio stands at 0.99. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 1.35.