Why Spirit Aerosystems Holdings Inc (NYSE: SPR) At $30.29 Is Worth Your Money?

Spirit Aerosystems Holdings Inc (NYSE:SPR) does about 3.16M shares in volume on a normal day but saw 2112751 shares change hands in Monday’s trading. The company now has a market cap of 3.53B USD. Its current market price is $30.29, marking a decrease of -0.66% compared to the previous close of $30.49. The 52 week high reached by this stock is $36.34 whilst the lowest price level in 52 weeks is $14.65.

Spirit Aerosystems Holdings Inc (SPR) has a 20-day trading average at $32.25 and the current price is -16.65% off the 52-week high compared with 106.76% distance from its 52-week low. The 50-day simple moving average of the closing price is $33.41 and its 200-day simple moving average is $26.69. If we look at the stock’s price movements over the week, volatility stands at 3.65%, which increases to 3.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.25 to suggest the stock is neutral.

The consensus objective for the share price is $35.35, suggesting that the stock has a potential upside of 14.31% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 08, 2024 when TD Cowen upgraded the stock to “Outperform” and issued a price target of between $27 and $35. Citigroup initiated its price target at $39.

Spirit Aerosystems Holdings Inc (SPR) stock is down -8.27% over the week and -11.61% over the past month. Its price is -4.69% year-to-date and 27.64% over the past year.

To reach the target analysts have set, the stock logically needs to grow 14.31 percent from here.

The company has a return on investment of -32.75%. The forward price to earnings ratio is 20.28. The beta has a value of 1.81. Price to sales ratio is 0.56.