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

Spirit Aerosystems Holdings Inc (NYSE:SPR) currently has a daily average trading volume of 1.62M but it saw 1599115 shares traded in last market. With a market cap of 3.78B USD, the company’s current market price of $32.37 came falling about -1.58 while comparing to the previous closing price of $32.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.08 and as low as $20.98. In the recent trading on the day, stock has struck highest price mark of $32.19 while lowest mark touched by it was $33.066.

Taking a look at 20-day trading activity of Spirit Aerosystems Holdings Inc (SPR) gives us an average price of $32.07, while its current price level is -12.70% below from 52-week high level whereas it is 54.29% 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 $32.97 while that of 200 days or SMA-200 reads an average of $32.38. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.15% during that period while stretching the period over a month that decreases to 2.40%. 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 49.71 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 2.24% up while it is -1.37% when we observe its performance for the past one month. Year-to-date it is 1.86% up and over the past year, the stock is showing an upside performance of 43.23%.

Currently, Spirit Aerosystems Holdings Inc’s total number of outstanding shares is 116.05M. Company’s return on investment (ROI) stands at -62.43%. 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 -21.34% on average.