Spirit Airlines Stock Analysis

Spirit Stock Analysis Notes

About 60.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.4. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Spirit Airlines recorded a loss per share of 4.1. The entity last dividend was issued on the 22nd of February 2024. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people. To find out more about Spirit Airlines contact Edward III at 954 447 7920 or learn more at https://www.spirit.com.

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Spirit Largest EPS Surprises

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Spirit Airlines Thematic Classifications

Spirit Stock Institutional Investors

Note, although Spirit Airlines' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Spirit Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 449.95 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Spirit Airlines's market, we take the total number of its shares issued and multiply it by Spirit Airlines's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Spirit Profitablity

The company has Profit Margin (PM) of (0.08) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.12) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.12.

Management Efficiency

Spirit Airlines has return on total asset (ROA) of (0.0264) % which means that it has lost $0.0264 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3307) %, meaning that it created substantial loss on money invested by shareholders. Spirit Airlines' management efficiency ratios could be used to measure how well Spirit Airlines manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.05. The current year's Return On Capital Employed is expected to grow to -0.06. At present, Spirit Airlines' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 248.3 M, whereas Total Current Assets are forecasted to decline to about 1.1 B.

Technical Drivers

As of the 18th of April 2024, Spirit Airlines has the Risk Adjusted Performance of (0.1), variance of 73.12, and Coefficient Of Variation of (577.83). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Spirit Airlines, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Spirit Airlines, which can be compared to its competition. Please validate Spirit Airlines variance and value at risk to decide if Spirit Airlines is priced more or less accurately, providing market reflects its prevalent price of 4.03 per share. Given that Spirit Airlines has information ratio of (0.18), we advise you to double-check Spirit Airlines's current market performance to make sure the company can sustain itself at a future point.

Spirit Airlines Price Movement Analysis

Spirit Airlines Outstanding Bonds

Spirit Airlines Predictive Daily Indicators

Spirit Airlines Corporate Filings

Spirit Airlines Forecast Models

Spirit Airlines' time-series forecasting models are one of many Spirit Airlines' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Spirit Airlines' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Spirit Airlines prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Spirit shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Spirit Airlines. By using and applying Spirit Stock analysis, traders can create a robust methodology for identifying Spirit entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Spirit analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Spirit analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Spirit Airlines stock analysis indicators help investors evaluate how Spirit Airlines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Spirit Airlines shares will generate the highest return on investment. By understating and applying Spirit Airlines stock analysis, traders can identify Spirit Airlines position entry and exit signals to maximize returns.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.

Is Spirit Airlines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.