The Week Ahead: Are Investors Really Too Optimistic About Spirit Aerosystems Holdings Inc (NYSE: SPR)

money audit

Spirit Aerosystems Holdings Inc (NYSE:SPR) currently has a daily average trading volume of 3.37M but it saw 1104126 shares traded in last market. With a market cap of 3.84B USD, the company’s current market price of $32.93 came falling about -0.36 while comparing to the previous closing price of $33.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.08 and as low as $14.65. In the recent trading on the day, stock has struck highest price mark of $32.92 while lowest mark touched by it was $33.3.

Taking a look at 20-day trading activity of Spirit Aerosystems Holdings Inc (SPR) gives us an average price of $33.99, while its current price level is -11.19% below from 52-week high level whereas it is 124.78% 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 $34.49 while that of 200 days or SMA-200 reads an average of $31.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.46% during that period while stretching the period over a month that increases to 1.78%. 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 40.51 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 -2.31% down while it is -6.26% when we observe its performance for the past one month. Year-to-date it is 3.62% up and over the past year, the stock is showing an upside performance of 107.63%.

Currently, Spirit Aerosystems Holdings Inc’s total number of outstanding shares is 116.05M. Company’s return on investment (ROI) stands at -46.23%. It has a 33.07 of forward P/E ratio. Stock’s beta reads 1.86. Stock has a price to sale or P/S ratio amounts to 0.60. Its return on asset (ROA) is -17.57% on average.