The stock of Spirit AeroSystems Holdings Inc. (NYSE:SPR) decreased by -$1.75 on Tuesday to finish at $21.79, down -7.43 percent. The last five days have seen an average of 2,643,480 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$7.81. The average number of shares traded over the last 20 days was 3,780,755, while the average volume over the last 50 days totaled 3,049,818.
SPR stock dropped -23.03% since last month. On 08/03/23, the company’s shares reached a one-month low of $20.60. The stock touched a high of $38.55 on 02/07/23, after rallying from a low of $20.60 in 52 weeks. The price of SPR stock has declined by -26.39% or -$7.81 this year, reaching a new high 10 times. Still, the stock price is down -43.48% from the 52-week high.
Insider Transactions
SPR stock investors should be aware that Spirit AeroSystems Holdings Inc. (SPR) stock had its last reported insider trading activity 170 days ago on Feb 27. On Feb 27, VP, Corporate Controller Ward Damon Christopher sold 685 shares at $34.45 each. This transaction resulted in the insider making $23,598. On Dec 01, JOHNSON ROBERT D sold 500 shares at a price of US$26.29. After the transaction, the insider now owns 17,641 shares. Director JOHNSON ROBERT D had earlier sold 500 shares on Sep 01 for $29.55 a share. The transaction was completed for $14,775.
Valuation Metrics
Company paid $0.01 per share in dividends, remained unchanged from $0.01 last year.
Financial Health
For the three months ended June 29, Spirit AeroSystems Holdings Inc.’s quick ratio was 0.80, while its current ratio was 1.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 0.00% percent. Spirit AeroSystems Holdings Inc.’s EBITDA margin for the year ended June 29 was 1.33%, whereas its operating margin stood at -6.50% for the same period. Based on annual data, it had gross profit of $48.6 million and revenue of $5.03 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SPR’s return on assets (ROA) during the last 12 months has been -13.00%. There was a -7.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 249.80%.
Earnings Surprise
According to Spirit AeroSystems Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.36 billion, while revenues rose by 7.83% to $1.43 billion. It was predicted that Spirit AeroSystems Holdings Inc.’s quarterly earnings would be -$1.39, but it ended up being -$0.86, beating the consensus by -61.60%. EBITDA was -$40.8 million for the quarter. At the end of Spirit AeroSystems Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 7.17 billion, while its total debt was $3.96 billion. Equity owned by shareholders amounts to $105.29 million.
Technical Picture
Here’s a quick look at Spirit AeroSystems Holdings Inc.’s (SPR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 27.71%, suggesting the stock is oversold, with a 51.33% historical volatility rate.
The stochastic %K and %D were 19.49% and 21.68% respectively, while the average true range (ATR) was 1.46. Based on the 14-day stochastic reading of 10.45%, the RSI (14) reading is 30.87%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -2.39.
Analyst Ratings
Spirit AeroSystems Holdings Inc. (NYSE: SPR) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Spirit AeroSystems Holdings Inc. (SPR) an Hold rating. SPR is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is SPR’s price target for the next 12 months?
The current consensus forecast for the stock is between $22.00 and $38.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for Spirit AeroSystems Holdings Inc. (SPR) is $28.07.
