Spirit Aerosystems Holdings Inc (NYSE: SPR): Think Like A Lender, Not An Investor

Spirit Aerosystems Holdings Inc (NYSE:SPR) currently has a daily average trading volume of 1.86M but it saw 1101585 shares traded in last market. With a market cap of 3.74B USD, the company’s current market price of $32.11 came rising about 1.17 while comparing to the previous closing price of $31.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.08 and as low as $16.36. In the recent trading on the day, stock has struck highest price mark of $31.6199 while lowest mark touched by it was $32.13.

Taking a look at 20-day trading activity of Spirit Aerosystems Holdings Inc (SPR) gives us an average price of $32.42, while its current price level is -13.40% below from 52-week high level whereas it is 96.27% 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 $33.42 while that of 200 days or SMA-200 reads an average of $32.19. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.46% during that period while stretching the period over a month that decreases to 1.99%. 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 45.62 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 1.17% up while it is -2.84% when we observe its performance for the past one month. Year-to-date it is 1.04% up and over the past year, the stock is showing an upside performance of 88.44%.

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 35.11 of forward P/E ratio. Stock’s beta reads 1.85. Stock has a price to sale or P/S ratio amounts to 0.58. Its return on asset (ROA) is -17.57% on average.