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 1.58M but it saw 2098903 shares traded in last market. With a market cap of 3.56B USD, the company’s current market price of $30.41 came falling about -2.03 while comparing to the previous closing price of $31.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.08 and as low as $24.11. In the recent trading on the day, stock has struck highest price mark of $30.32 while lowest mark touched by it was $31.27.

Taking a look at 20-day trading activity of Spirit Aerosystems Holdings Inc (SPR) gives us an average price of $31.95, while its current price level is -17.99% below from 52-week high level whereas it is 26.13% 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 $32.41 while that of 200 days or SMA-200 reads an average of $32.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.25% during that period while stretching the period over a month that decreases to 3.14%. 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 36.44 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 -2.22% down while it is -4.19% when we observe its performance for the past one month. Year-to-date it is -4.31% down and over the past year, the stock is showing an upside performance of 23.02%.

Currently, Spirit Aerosystems Holdings Inc’s total number of outstanding shares is 116.05M. Company’s return on investment (ROI) stands at -68.55%. Stock’s beta reads 1.82. Stock has a price to sale or P/S ratio amounts to 0.55. Its return on asset (ROA) is -21.35% on average.