How to Buy Spirit Airlines Stock

Spirit Airlines Inc

Spirit Airlines is a airline company located in Florida, United States, which is part of the Industrials sector, and is traded under the ticker SAVE on the NYSE exchange.

Spirit Airlines stock last closed at $16.20, down 0.8% from the previous day, and has decreased 27.78% in one year. It has underperformed other stocks in the Airlines industry by 0.37 percentage points. Spirit Airlines stock is currently +12.42% from its 52-week low of $14.41, and -28.63% from its 52-week high of $22.70.

As of Sep 22, 2023, there are 109.16M shares of SAVE outstanding. The market capitalization of SAVE is $1.77B. In the last 24 hours, 1.31M SAVE shares were traded.

How to Buy Spirit Airlines Stock

Not sure how to invest in Spirit Airlines stock? Here's how.
  1. Figure out where to buy Spirit Airlines stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Spirit Airlines stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Choose your payment method and add your information.
  4. Research Spirit Airlines stock: The Spirit Airlines ticker symbol is SAVE. Is Spirit Airlines stock a good investment? Should you buy shares of SAVE? How do SAVE's underlying business fundamentals look? Do top analysts think Spirit Airlines is a good buy? Why has SAVE's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if SAVE is a good stock to buy).
  5. Make your SAVE purchase: Decide if you will purchase SAVE shares at the current market price or use a limit order to buy SAVE stock at a specific price.
  6. Get the latest news on your SAVE investment: Create a watchlist to the latest updates on your position in Spirit Airlines shares.

Step 1: Figure out where to buy Spirit Airlines stock

You need an online brokerage account to access the NYSE market and buy SAVE shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen the best brokerage, you'll need to fill out some personal info so you can invest in SAVE stock today.

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  1. Send your data by hitting the "Create Account" button.
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Step 3: Fund your investment account

Now that you have finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:

Check out this video walkthrough if you need help transferring funds into your new brokerage account.

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Step 4: Research Spirit Airlines stock

Once you have identified the best place to buy Spirit Airlines stock, it's critical to analyze their stock before you invest, so you truly comprehend the risk and upside.

Spirit Airlines stock quick numbers

SAVE Price
1w %
1y %
5y %
Fore. Rev. Growth
Fore. Earn. Growth
Market Cap
Next Earnings
Oct 24, 2023
Next Dividend
Sep 29, 2023

SAVE Fundamentals

WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in less time.

You can see all of the due diligence checks on SAVE's stock page.

Is SAVE stock properly valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SAVE's intrinsic value.

Using relative valuations metrics:

  • SAVE could be undervalued based on its P/B ratio of 1.2x, relative to Airlines industry P/B ratio of 11.33x

You can do more valuation research on SAVE's stock here.

SAVE Financials at a glance

Signs that SAVE is financially healthy:

  • SAVE has cash burn of 287483000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the SAVE balance sheet.
  • SAVE has $1.34B in cash and short term investments. This is enough to cover its annual cash burn of $287.48M.

Signs that SAVE is not financially healthy:

  • SAVE has a relatively high debt to equity ratio of 5.37.
  • SAVE profit margin of X% has stayed the same in the past year.
  • Total SAVE debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the SAVE balance sheet.

Do analysts think it's a good time to buy Spirit Airlines stock

Out of 4 Wall Street analysts who research SAVE, the consensus analyst rating on Spirit Airlines is a Sell

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

Latest SAVE Analyst Recommendations

Stephen Trent, a bottom 14% analyst from Citigroup maintains SAVE with a hold rating and lowers their SAVE price target from $16.90 to $16.50, on Sep 25, 2023.

Duane Pfenningwerth, a bottom 31% analyst from Evercore ISI Group maintains SAVE with a hold rating and lowers their SAVE price target from $25.00 to $20.00, on Sep 18, 2023.

Christopher Stathoulopoulos, a top 16% analyst from Susquehanna maintains SAVE with a hold rating and lowers their SAVE price target from $20.00 to $17.00, on Aug 8, 2023.

Jamie Baker, a top 41% analyst from JP Morgan maintains SAVE with a strong sell rating and lowers their SAVE price target from $28.00 to $10.00, on May 8, 2023.

You can dive deeper into what analysts are projecting on the Spirit Airlines stock forecast page.

Metrics for Advanced SAVE Traders

MACD Signal
MACD Histogram
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D

SAVE Earnings

Last year, SAVE revenue was $5.52B. During the past 5 year, SAVE's revenue has grown by 13.65% per year. This was faster than the Airlines industry average of 1.22%.

Dig into SAVE's earnings and revenue performance here.

Are SAVE insiders buying or selling the stock?

In the last year, insiders at SAVE have sold more shares than they have bought.

Edward M. Christie Iii, President and CEO of SAVE, was the latest SAVE insider to buy. They bought $151,240.74 worth of SAVE stock on Apr 3, 2023.

Get more info about who owns SAVE stock here.

Does SAVE provide a stable income stream?

Spirit Airlines pays a dividend of 5.56%, compared to the Airlines industry's average dividend yield of 2.21%. If you owned $1,000 of SAVE stock, you would have received $55.56 in the past 12 months.

Get more data about Spirit Airlines dividend yield and history here.

What others are saying about SAVE

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Make your SAVE purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.

Hit the Open button and eToro will place your order.

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Step 6: Get the latest news on your SAVE investment

Now that you own some shares in SAVE, you'll want to stay up-to-date on your shares.

Start a watchlist to track the most important metrics related to your SAVE stock.


How to Buy Stock in Spirit Airlines

To reiterate, here are the 6 steps you need to take to buy Spirit Airlines stock right now:

  1. Figure out where to buy Spirit Airlines stock
  2. Sign up for your brokerage account
  3. Fund your investment account
  4. Research Spirit Airlines stock
  5. Make your SAVE purchase
  6. Get the latest news on your SAVE investment

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today

If you want to keep track of your investment in Spirit Airlines, create a watchlist today.

$16.20-0.13 (-0.8%)
Updated Sep 22, 2023
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$16.20-0.13 (-0.8%)
Updated Sep 22, 2023
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How much does it cost to buy one Spirit Airlines share?

As of Sep 22, 2023, it costs $16.20 to buy one share of Spirit Airlines stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $8, you can buy 0.494 shares of SAVE.

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Is now a good time to buy Spirit Airlines stock?

According to 4 Wall Street analysts who monitor Spirit Airlines, their consensus recommendation is to sell Spirit Airlines stock.

What is the best way to buy Spirit Airlines stock?

One way to place an order for Spirit Airlines stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.