Spirit Aerosystems Holdings Inc (NYSE: SPR) Recovers 124.03% From 52-Week Low, Is SPR Still A High-Risk, High-Reward Play?

Spirit Aerosystems Holdings Inc (NYSE:SPR) currently has a daily average trading volume of 2.57M but it saw 3707900 shares traded in last market. With a market cap of 3.83B USD, the company’s current market price of $32.82 came rising about 1.23 while comparing to the previous closing price of $32.42. 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 $30.97, while its current price level is -9.69% below from 52-week high level whereas it is 124.03% 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 $31.38 while that of 200 days or SMA-200 reads an average of $27.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.68% during that period while stretching the period over a month that decreases to 3.21%. 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 59.71 which implies that the stock is in neutral territory.

TD Cowen upgraded its recommendation for the stock as a “Outperform” from “Market Perform” on February 08, 2024 while assigning a price target range of $27-$35.

Over the week, SPR’s stock price is moving 3.66% up while it is 7.47% when we observe its performance for the past one month. Year-to-date it is 3.27% up and over the past year, the stock is showing an upside performance of 12.17%.

Currently, Spirit Aerosystems Holdings Inc’s total number of outstanding shares is 116.05M. Company’s return on investment (ROI) stands at -32.75%. It has a 23.57 of forward P/E ratio. Stock’s beta reads 1.84. Stock has a price to sale or P/S ratio amounts to 0.61. Its return on asset (ROA) is -14.52% on average.