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SAVE
Stock ticker:
NYSE
AS OF
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Capitalization
1.68B

SAVE Price Prediction, Spirit Airlines AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SAVE with price predictions
08:00 PM EDT Jun 08, 2023

SAVE's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SAVE turned positive on June 01, 2023. Looking at past instances where SAVE's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SAVE's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 06, 2023. You may want to consider a long position or call options on SAVE as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SAVE advanced for three days, in of 253 cases, the price rose further within the following month. The odds of a continued upward trend are .

SAVE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SAVE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SAVE entered a downward trend on June 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SAVE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.142) is normal, around the industry mean (76.779). P/E Ratio (0.000) is within average values for comparable stocks, (22.538). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.454). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.307) is also within normal values, averaging (1.080).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SAVE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.

A.I. Advisor
published Earnings

SAVE is expected to report earnings to fall 139.01% to 31 cents per share on July 26

Spirit Airlines SAVE Stock Earnings Reports
Q2'23
Est.
$0.32
Q1'23
Est.
$-0.82
Q4'22
Beat
by $0.09
Q3'22
Beat
by $0.11
Q2'22
Beat
by $0.16
The last earnings report on April 26 showed earnings per share of -81 cents, meeting the estimate of -81 cents. With 855.91K shares outstanding, the current market capitalization sits at 1.68B.
A.I.Advisor
published Dividends

SAVE paid dividends on May 31, 2023

Spirit Airlines SAVE Stock Dividends
А quarterly dividend of $0.10 per share was paid with a record date of May 31, 2023, and an ex-dividend date of May 23, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.37B. The market cap for tickers in the group ranges from 246.81K to 25.25B. DAL holds the highest valuation in this group at 25.25B. The lowest valued company is GLUX at 246.81K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was 2%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 13%. ELALF experienced the highest price growth at 41%, while FNNNF experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was 14%. For the same stocks of the Industry, the average monthly volume growth was 50% and the average quarterly volume growth was 52%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 57
Price Growth Rating: 48
SMR Rating: 70
Profit Risk Rating: 92
Seasonality Score: -36 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of air transportation services

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
2800 Executive Way
Phone
+1 954 447-7920
Employees
11107
Web
https://www.spirit.com
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SAVE and

Correlation & Price change

A.I.dvisor indicates that over the last year, SAVE has been loosely correlated with ULCC. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if SAVE jumps, then ULCC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SAVE
1D Price
Change %
SAVE100%
-1.09%
ULCC - SAVE
47%
Loosely correlated
+1.96%
ALK - SAVE
44%
Loosely correlated
N/A
UAL - SAVE
42%
Loosely correlated
+1.10%
DAL - SAVE
40%
Loosely correlated
+0.43%
AAL - SAVE
40%
Loosely correlated
+1.76%
More