Spirit AeroSystems Holdings Inc. (SPR): A Technical View

As of Thursday close, Spirit AeroSystems Holdings Inc.’s (NYSE:SPR) stock was down -$1.08, moving down -3.43 percent to $30.42. The average number of shares traded per day over the past five days has been 3,360,920 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.69 fall in that time frame. In the last twenty days, the average volume was 2,302,700, while in the previous 50 days, it was 2,109,750.

Since last month, SPR stock retreated -0.26%. Shares of the company fell to $28.30 on 07/05/22, the lowest level in the past month. A 52-week high of $53.31 was reached on 02/17/22 after having rallying from a 52-week low of $26.18. Since the beginning of this year, SPR’s stock price has dropped by -29.40% or -$12.67, and marked a new high 9 times. However, the stock has declined by -42.94% since its 52-week high.

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Spirit AeroSystems Holdings Inc. (SPR) last reported insider trading activity 65 days ago on Jun 01. JOHNSON ROBERT D, the Director of the company, disposed of 500 shares for $31.91 on Jun 01. It resulted in a $15,955 divestment by the insider. JOHNSON ROBERT D sold 500 shares at an average price of $49.80 on Dec 01. The insider now owns 16,125 shares following the transaction. On Dec 01, Director JOHNSON ROBERT D sold 500 shares at $38.95 apiece. The transaction was valued at $19,475.

Valuation Metrics

The stock’s beta is 1.71. Besides these, the trailing price-to-sales (P/S) ratio of 0.75, the price-to-book (PB) ratio of 8.31.

The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01. On Thursday February 6 2020, a $0.11 dividend decrease was announced.

Financial Health

In the three months ended March 30, Spirit AeroSystems Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 9.78, and the total debt-to-equity ratio was 9.91. On the profitability front, the trailing twelve-month gross margin is -0.10% percent. In the year ended March 30, operating margins totaled -8.90%. Based on annual data, SPR earned -$117.8 million in gross profit and brought in $3.95 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.40%. Return on equity (ROE) for the past 12 months was -93.00%.

In Spirit AeroSystems Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $3.42 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPR’s revenue rose 20.34% to $1.17 billion during the quarter, while net income inched up to $1.26 billion. While analysts expected Spirit AeroSystems Holdings Inc. to report -$0.56 quarterly earnings, the actual figure was $0.03 per share, beating the consensus estimate by 105.40%. During the quarter, the company generated $44.8 million in EBITDA. The liabilities of Spirit AeroSystems Holdings Inc. were 7.11 billion at the end of its most recent quarter ended March 30, and its total debt was $3.87 billion. The value of shareholders’ equity is $105.02 million.

Technical Picture

This quick technical analysis looks at Spirit AeroSystems Holdings Inc.’s (SPR) price momentum. With a historical volatility rate of 58.03%, the RSI 9-day stood at 36.45% on 04 August.

With respect to its five-day moving average, the current Spirit AeroSystems Holdings Inc. price is down by -8.12% percent or -$2.69. At present, SPR shares trade -1.62% below its 20-day simple moving average and -28.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.33% above its SMA50 and -29.21% below its SMA200.

Stochastic coefficient K was 28.56% and Stochastic coefficient D was 51.82%, while ATR was 1.77. Given the Stochastic reading of 1.43% for the 14-day period, the RSI (14) reading has been calculated as 41.87%. As of today, the MACD Oscillator reading stands at -0.98, while the 14-day reading stands at -1.47.

Analyst Ratings

Spirit AeroSystems Holdings Inc. (SPR) has been rated Buy by analysts. According to 0 brokerage firms, SPR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Spirit AeroSystems Holdings Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $53.00, the current consensus forecast for the stock is $43.00 – $70.00. Based on these forecasts, analysts predict Spirit AeroSystems Holdings Inc. (SPR) will achieve an average price target of $53.00.


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