Spirit Airlines Price on February 28, 2024

SAVEDelisted Stock  USD 0.15  0.11  42.31%   
If you're considering investing in Spirit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spirit Airlines stands at 0.15, as last reported on the 2nd of December, with the highest price reaching 0.15 and the lowest price hitting 0.13 during the day. Spirit Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.098, which indicates the firm had a -0.098% return per unit of risk over the last 3 months. Spirit Airlines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirit Airlines' Variance of 290.16, coefficient of variation of (953.89), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
  
Spirit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.098

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Estimated Market Risk

 18.31
  actual daily
96
96% of assets are less volatile

Expected Return

 -1.79
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  actual daily
0
Most of other assets perform better
Based on monthly moving average Spirit Airlines is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spirit Airlines by adding Spirit Airlines to a well-diversified portfolio.

Related Headline

Sun Country Headline on 28th of February 2024

Filed transaction by Sun Country Airlines Director, Officer: President & Cfo. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Spirit Airlines Valuation on February 28, 2024

It is possible to determine the worth of Spirit Airlines on a given historical date. On February 28, 2024 Spirit was worth 6.31 at the beginning of the trading date compared to the closed value of 6.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spirit Airlines stock. Still, in general, we apply an absolute valuation method to find Spirit Airlines' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Spirit Airlines where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spirit Airlines' related companies.
 Open High Low Close Volume
  6.35    6.44    6.28    6.35    4,083,777  
02/28/2024
  6.31    6.52    6.28    6.49    3,655,248  
  6.54    6.65    6.45    6.45    2,303,652  
Backtest Spirit Airlines  |  Spirit Airlines History  |  Spirit Airlines Valuation   PreviousNext  
Open Value
6.31
6.49
Closing Value
61.23
Upside

Spirit Airlines Trading Date Momentum on February 28, 2024

On February 29 2024 Spirit Airlines was traded for  6.45  at the closing time. The top price for the day was 6.65  and the lowest listed price was  6.45 . The trading volume for the day was 2.3 M. The trading history from February 29, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.62% . The trading price change against the current closing price is 26.04% .

Spirit Airlines Fundamentals Correlations and Trends

By evaluating Spirit Airlines' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spirit Airlines' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spirit financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Spirit Airlines Stock history

Spirit Airlines investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Spirit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spirit Airlines will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Spirit Airlines stock prices may prove useful in developing a viable investing in Spirit Airlines
It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people.

Spirit Airlines Stock Technical Analysis

Spirit Airlines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Spirit Airlines technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Spirit Airlines trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Spirit Airlines Period Price Range

Low
December 2, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Spirit Airlines cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Spirit Airlines December 2, 2024 Market Strength

Market strength indicators help investors to evaluate how Spirit Airlines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spirit Airlines shares will generate the highest return on investment. By undertsting and applying Spirit Airlines stock market strength indicators, traders can identify Spirit Airlines entry and exit signals to maximize returns

Spirit Airlines Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Spirit Airlines' price direction in advance. Along with the technical and fundamental analysis of Spirit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spirit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Other Consideration for investing in Spirit Stock

If you are still planning to invest in Spirit Airlines check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Spirit Airlines' history and understand the potential risks before investing.
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