Spirit Aerosystems Holdings Inc (SPR): Uncovering A True Diamond In The Rough

Spirit Aerosystems Holdings Inc (NYSE:SPR) currently has a daily average trading volume of 3.38M but it saw 1987715 shares traded in last market. With a market cap of 3.73B USD, the company’s current market price of $32.07 came rising about 0.22 while comparing to the previous closing price of $32.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.34 and as low as $14.65.

Taking a look at 20-day trading activity of Spirit Aerosystems Holdings Inc (SPR) gives us an average price of $33.17, while its current price level is -11.75% below from 52-week high level whereas it is 118.91% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $33.05 while that of 200 days or SMA-200 reads an average of $26.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.08% during that period while stretching the period over a month that increases to 3.66%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.87 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which upgraded the stock as “Outperform” in its note to investors issued on February 08, 2024, recommending a price target of between $27 and $35 for it. Citigroup issued its recommendations for the stock as it initiated the price target for the stock is $39.

Over the week, SPR’s stock price is moving 1.68% up while it is -7.15% when we observe its performance for the past one month. Year-to-date it is 0.91% up and over the past year, the stock is showing an upside performance of 8.90%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.69 beaten by the consensus estimate of -0.3 for the same. In next quarter, company is expected to be making quarterly sales of $1.74B as analysts are expecting the sales for current fiscal year at $7.29B and seeing the company making $8.47B in sales next year. Moreover, analysts are in estimates of $1.62B for current-quarter revenue.

Currently, Spirit Aerosystems Holdings Inc’s total number of outstanding shares is 116.05M. Company’s return on investment (ROI) stands at -17.56%. It has a 16.21 of forward P/E ratio. Stock’s beta reads 1.79. Stock has a price to sale or P/S ratio amounts to 0.62. Its return on asset (ROA) is -9.30% on average.