Spirit AeroSystems Holdings Inc. (NYSE:SPR) saw an upside of 6.34% to close Tuesday at $22.99 after adding $1.37 on the day. The 5-day average trading volume is 3,156,680 shares of the company’s common stock. It has gained $23.19 in the past week and touched a new high 3 times within the past 5 days. An average of 4,189,820 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,002,046.
SPR’s 1-month performance is -21.16% or -$5.83 on its low of $20.60 reached on 08/03/23. The company’s shares have touched a 52-week low of $20.60 and high of $38.55, with the stock’s rally to the 52-week high happening on 02/07/23. YTD, SPR has lost -22.33% or -$6.61 and has reached a new high 10 times. However, the current price is down -40.36% from the 52-week high price.
Insider Transactions
SPR stock investors last saw insider trading activity on Feb 27.Ward Damon Christopher (VP, Corporate Controller) most recently sold 685 shares at $34.45 per share on Feb 27. This transaction cost the insider $23,598. Director, JOHNSON ROBERT D, sold 500 shares at a price of $26.29 on Dec 01. Then, on Sep 01, Director JOHNSON ROBERT D sold 500 shares at a price of $29.55 per share. This transaction amounted to $14,775.
Valuation Metrics
SPR stock has a beta of 1.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.44.
Spirit AeroSystems Holdings Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.50.. In terms of profitability, the gross margin trailing 12 months is 0.00%. The trailing 12-month EBITDA margin is 1.33% while for the period ending June 29, Spirit AeroSystems Holdings Inc.’s operating margin was -6.50%. The firm’s gross profit as reported stood at $48.6 million against revenue of $5.03 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 40.77% to -$206.3 million, while revenue of -$281.2 million was -36.31% off the previous quarter. Analysts expected SPR to announce -$0.86 per share in earnings in its latest quarter, but it posted -$1.46, representing a -69.80% surprise. EBITDA for the quarter stood at more than -$40.8 million. SPR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.17 billion, with total debt at $3.96 billion. Shareholders hold equity totaling $105.29 million.
Let’s look briefly at Spirit AeroSystems Holdings Inc. (SPR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 44.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.58%.
The stock’s 5-day moving average is $21.77, reflecting a +5.51% or $1.20 change from its current price. SPR is currently trading -22.12% above its 20-day SMA, -32.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.10% and SMA200 by-2.67%.
Stochastic %K and %D was 31.41% and 15.45% and the average true range (ATR) pointed at 1.25. The RSI (14) points at 40.99%, while the 14-day stochastic is at 76.11% with the period’s ATR at 1.29. The stock’s 9-day MACD Oscillator is pointing at -0.27 and -0.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Spirit AeroSystems Holdings Inc. (NYSE: SPR), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for SPR stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate SPR as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
