Spirit Aerosystems Holdings Inc (NYSE:SPR) finished Friday with a subtraction of -$0.15 to close at $16.14, a downside of -0.92 percent. An average of 4,433,700 shares of common stock have been traded in the last five days. There was a gain of $0.98 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 4,212,255 shares traded, while the 50-day average volume stands at 4,091,192.
SPR stock has decreased by -26.10% in the last month. The company shares reached their 1-month lowest point of $14.65 on 09/21/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $14.65 and a high of $38.55 in 52 weeks. It has reached a new high 10 times so far this year and lost -45.47% or -$13.46 in price. In spite of this, the price is down -58.13% 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 215 days ago on Feb 27. In this transaction, the insider spent $23,598. Director, JOHNSON ROBERT D, disposed of 500 shares at a price of $26.29 on Dec 01. The insider now owns more than $13,145 worth of shares.
Valuation Metrics
Spirit Aerosystems Holdings Inc (SPR) stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32.
Financial Health
The quick ratio of Spirit Aerosystems Holdings Inc for the three months ended June 29 was 0.76, and the current ratio was 1.51, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $48.6 million compared to revenue of $5.03 billion.
Earnings Surprise
For the three-month period that ended June 29, Spirit Aerosystems Holdings Inc had $3.81 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$206.3 million in the quarter, while revenues of -$281.2 million were grew 40.77%. The analyst consensus anticipated Spirit Aerosystems Holdings Inc’s latest quarter earnings to come in at -$0.86 per share, but it turned out to be -$1.46, a -69.80% surprise. For the quarter, EBITDA amounted to -$40.8 million. Shareholders own equity worth $105.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Spirit Aerosystems Holdings Inc (SPR) price momentum. RSI 9-day as of the close on 29 September was 41.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.99%.
As of today, SPR’s price is $15.69 +6.46% or $0.98 from its 5-day moving average. SPR is currently trading -24.30% lower than its 20-day SMA and -34.15% lower than its 100-day SMA. However, the stock’s current price level is -44.46% below the SMA50 and -44.17% below the SMA200.
The stochastic %K and %D were 34.36% and 23.60%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 42.21% and the average true range at 0.95, the RSI (14) stands at 35.49%. The stock has reached 0.65 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.
Analyst Ratings
Deutsche Bank launched coverage on Spirit Aerosystems Holdings Inc (NYSE: SPR) in its analyst report released on September 28, 2023. The firm assigned the stock a Hold rating. The consensus rating for Spirit Aerosystems Holdings Inc (SPR) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SPR, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.
What is SPR’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $34.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Spirit Aerosystems Holdings Inc (SPR) stock is $25.51.
