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 $1.69, down 24.55% from the previous day, and has decreased 89.8% in one year. It has underperformed other stocks in the Airlines industry by 0.97 percentage points. Spirit Airlines stock is currently +20.71% from its 52-week low of $1.40, and -90.34% from its 52-week high of $17.49.
As of Oct 4, 2024, there are 109.52M shares of SAVE outstanding. The market capitalization of SAVE is $185.09M. In the last 24 hours, 36.59M SAVE shares were traded.
How to Buy Spirit Airlines Stock
Not sure how to invest in Spirit Airlines stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your information.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 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.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
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.
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 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 0.23x, relative to Airlines industry P/B ratio of 2.49x
You can do more valuation research on SAVE's stock here.
SAVE Financials at a glance
Signs that SAVE is financially healthy:
- SAVE has $960.66M in cash and short term investments. This is enough to cover its annual cash burn of $286.41M.
- SAVE has cash burn of 286411000. It has enough cash and short-term investments to cover this for at least one year.
Signs that SAVE is not financially healthy:
- There are more long-term liabilities than short-term assets on the SAVE balance sheet.
- SAVE has a relatively high debt to equity ratio of 10.81.
- SAVE profit margin has gone down from -7.5% to -13.2% in the past year.
- Total SAVE debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-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 6 Wall Street analysts who research SAVE, the consensus analyst rating on Spirit Airlines is a Strong Sell
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest SAVE Analyst Recommendations
Michael Linenberg, a top 13% analyst from Deutsche Bank downgrades SAVE to a strong sell rating and lowers their SAVE price target from $3.00 to $2.00, on Jul 8, 2024.
You can dive deeper into what analysts are projecting on the Spirit Airlines stock forecast page.
Metrics for Advanced SAVE Traders
SAVE Earnings
Last year, SAVE revenue was $5.13B. During the past 5 year, SAVE's revenue has grown by 7.11% per year. This was slower than the Airlines industry average of 7.81%.
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 bought more shares than they have sold.
Frederick S. Cromer, was the latest SAVE insider to buy. They bought $499,999.35 worth of SAVE stock on Aug 14, 2024.
Get more info about who owns SAVE stock here.
Does SAVE provide a stable income stream?
Spirit Airlines pays a dividend of 29.59%, compared to the Airlines industry's average dividend yield of 7.13%. If you owned $1,000 of SAVE stock, you would have received $295.86 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.
Click below to find out what other investors have to say.
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.
If you need more assistance investing in stocks on eToro, click the how to video below:
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.
SAVE Feed
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:
- Figure out where to buy Spirit Airlines stock
- Sign up for your brokerage account
- Fund your investment account
- Research Spirit Airlines stock
- Make your SAVE purchase
- Get the latest news on your SAVE investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Spirit Airlines, create a watchlist today.
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