Spirit Airlines Inc. (NYSE:SAVE) Relative Strength Index (RSI) is 41.92, with weekly volatility at 9.04% and ATR at 1.15. The SAVE stock’s 52-week price range has touched low of $7.01 and a $55.21 high. Intraday shares traded counted 8.85 million, which was 5.47% higher than its 30-day average trading volume of 9.36M. Its shares traded lower over the last trading session, losing -0.35% on 05/21/20. The shares fell to a low of $9.67 before closing at $10.03. SAVE’s previous close was $10.07 while the outstanding shares total 68.52M. The firm has a beta of 1.43, a 12-month trailing P/E ratio of 2.75,.
Investors have identified the Airlines company Spirit Airlines Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $925.13 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Spirit Airlines Inc. (SAVE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SAVE, the company has in raw cash 788.23 million on their books with 460.64 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1231165000 million total, with 1231486000 million as their total liabilities.
SAVE were able to record -285.89 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -190.73 million. In cash movements, the company had a total of 34.58 million as operating cash flow.
Potential earnings growth for Spirit Airlines Inc. (SAVE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Spirit Airlines Inc. recorded a total of 771.08 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -10.99% coming in sequential stages and their sales for the third quarter reducing by -25.77%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 213.21 million trying to sell their products during the last quarter, with the result yielding a gross income of 557.87 million. This allows shareholders to hold on to 68.52M with the revenue now reading -0.41 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.60 cents a share).
Having a look at the company’s valuation, the company is expected to record 5.09 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SAVE sounds very interesting.
Is the stock of SAVE attractive?
In related news, SVP, General Counsel and Sec, Canfield Thomas C bought 2,500 shares of the company’s stock in a transaction that recorded on Mar 10. The purchase was performed at an average price of 20.34, for a total value of 50,850. As the purchase deal closes, the Director, JOHNSON ROBERT D now sold 500 shares of the company’s stock, valued at 14,180. Also, Director, RICHARDS CHRISTINE P bought 5,000 shares of the company’s stock in a deal that was recorded on Feb 11. The shares were cost at an average price of 43.24 per share, with a total market value of 216,200. Following this completion of disposal, the VP & Controller, McMenamy Brian J. now holds 6,456 shares of the company’s stock, valued at 254,044. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.