Spirit Airlines Inc. (NYSE:SAVE) has a beta of 1.72. The stock’s Relative Strength Index (RSI) is 52.33, with weekly volatility at 2.73% and ATR at 1.28. The SAVE stock’s 52-week price range has touched low of $12.00 and a $40.77 high. Its shares traded lower over the last trading session, losing -0.86% on 05/28/21. The shares fell to a low of $35.54 before closing at $35.71. Intraday shares traded counted 2.49 million, which was 36.49% higher than its 30-day average trading volume of 3.92M. SAVE’s previous close was $36.02 while the outstanding shares total 97.78M.
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 $3.90 billion, 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 1.84 billion on their books with 356.62 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 a decline. In terms of their assets, the company currently has 2.28 billion total, with 1.51 billion as their total liabilities.
SAVE were able to record 93.68 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -22.65 million. In cash movements, the company had a total of 186.65 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 07/28/2021 quarter of the year, Spirit Airlines Inc. recorded a total of 461.28 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -67.16% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -8.07%.
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 142.93 million trying to sell their products during the last quarter, with the result yielding a gross income of 318.35 million. This allows shareholders to hold on to 97.78M with the recently reported earning now reading -1.15 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (-2.48 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.18 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, Director, JOHNSON ROBERT D sold 500 shares of the company’s stock in a transaction that recorded on Mar 04. The sale was performed at an average price of 35.54, for a total value of 17,770. As the sale deal closes, the SVP and CIO, Wiggins Rocky now sold 2,800 shares of the company’s stock, valued at 104,300. Also, VP & Controller, McMenamy Brian J. sold 7,359 shares of the company’s stock in a deal that was recorded on Feb 22. The shares were price at an average price of 36.80 per share, with a total market value of 270,811. Following this completion of acquisition, the SVP – Chief HR Officer, Villa Laurie now holds 3,739 shares of the company’s stock, valued at 133,856. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
5 out of 14 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Spirit Airlines Inc.. 0 analysts has assigned a Sell rating on the SAVE stock. The 12-month mean consensus price target for the company’s shares has been set at $40.45.