As of Friday close, Spirit AeroSystems Holdings Inc.’s (NYSE:SPR) stock was up $0.32, moving up 2.16 percent to $15.16. The average number of shares traded per day over the past five days has been 3,937,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.67 fall in that time frame. In the last twenty days, the average volume was 3,997,210, while in the previous 50 days, it was 3,812,768.
Since last month, SPR stock retreated -34.00%. Shares of the company fell to $14.65 on 09/21/23, the lowest level in the past month. A 52-week high of $38.55 was reached on 02/07/23 after having rallying from a 52-week low of $14.65. Since the beginning of this year, SPR’s stock price has dropped by -48.78% or -$14.44, and marked a new high 10 times. However, the stock has declined by -60.67% since its 52-week high.
SPR stock investors should be aware that Spirit AeroSystems Holdings Inc. (SPR) stock had its last reported insider trading activity 208 days ago on Feb 27. Ward Damon Christopher, the VP, Corporate Controller of the company, disposed of 685 shares for $34.45 on Feb 27. It resulted in a $23,598 divestment by the insider. JOHNSON ROBERT D sold 500 shares at an average price of $26.29 on Dec 01. The insider now owns 17,641 shares following the transaction.
Valuation Metrics
The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01.
Financial Health
In the three months ended June 29, Spirit AeroSystems Holdings Inc.’s quick ratio stood at 0.80, while its current ratio was 1.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 0.00% percent. In the year ended June 29, EBITDA margin amounted to 1.33%, whereas operating margins totaled -6.50%. Based on annual data, SPR earned $48.6 million in gross profit and brought in $5.03 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 -7.90%. Return on equity (ROE) for the past 12 months was 249.80%.
In Spirit AeroSystems Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $3.81 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SPR’s revenue rose 7.83% to $1.43 billion during the quarter, while net income inched up to $1.36 billion. While analysts expected Spirit AeroSystems Holdings Inc. to report -$0.86 quarterly earnings, the actual figure was -$1.46 per share, beating the consensus estimate by -69.80%. During the quarter, the company generated -$40.8 million in EBITDA. The liabilities of Spirit AeroSystems Holdings Inc. were 7.17 billion at the end of its most recent quarter ended June 29, and its total debt was $3.96 billion. The value of shareholders’ equity is $105.29 million.
Technical Picture
This quick technical analysis looks at Spirit AeroSystems Holdings Inc.’s (SPR) price momentum. With a historical volatility rate of 40.82%, the RSI 9-day stood at 21.66% on 22 September.
With respect to its five-day moving average, the current Spirit AeroSystems Holdings Inc. price is down by -9.92% percent or -$1.67. At present, SPR shares trade -24.43% below its 20-day simple moving average and -48.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -47.96% below its SMA50 and -44.35% below its SMA200.
Stochastic coefficient K was 3.59% and Stochastic coefficient D was 1.95%, while ATR was 0.94. Given the Stochastic reading of 7.80% for the 14-day period, the RSI (14) reading has been calculated as 24.43%. As of today, the MACD Oscillator reading stands at -0.99, while the 14-day reading stands at -2.26.
Analyst Ratings
Spirit AeroSystems Holdings Inc. downgraded its rating on Spirit AeroSystems Holdings Inc. (NYSE: SPR) to a Neutral in a note to investors on September 05, 2023. The analysts firm previously had an Overweight rating on the stock.Spirit AeroSystems Holdings Inc. (SPR) has been rated Hold by analysts. According to 1 brokerage firm, SPR is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Spirit AeroSystems Holdings Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $17.70 – $34.00. Based on these forecasts, analysts predict Spirit AeroSystems Holdings Inc. (SPR) will achieve an average price target of $26.19.
