Spirit Airlines Inc (NYSE: SAVE) stock closed at $13.67 on 12/5/23 after a major decline of -12.3%. Moreover, trading volume in this decline was exceptionally high at 375% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.6% during the last week.
Current PriceTarget Research Rating
SAVE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Spirit Airlines has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Spirit Airlines has a neutral Appreciation Score of 57 but a poor Power Rating of 18, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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