Spirit Aerosystems Holdings Inc (SPR) At $32.95 Offering A Unique Opportunity

Spirit Aerosystems Holdings Inc (NYSE:SPR) currently has a daily average trading volume of 1.64M but it saw 1243137 shares traded in last market. With a market cap of 3.85B USD, the company’s current market price of $32.95 came rising about 1.60 while comparing to the previous closing price of $32.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.08 and as low as $25.16. In the recent trading on the day, stock has struck highest price mark of $32.2901 while lowest mark touched by it was $32.95.

Taking a look at 20-day trading activity of Spirit Aerosystems Holdings Inc (SPR) gives us an average price of $31.67, while its current price level is -11.14% below from 52-week high level whereas it is 30.96% 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 $32.06 while that of 200 days or SMA-200 reads an average of $32.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.11% during that period while stretching the period over a month that increases to 3.10%. 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 58.27 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 1.85% up while it is 0.15% when we observe its performance for the past one month. Year-to-date it is 3.68% up and over the past year, the stock is showing an upside performance of 17.30%.

Currently, Spirit Aerosystems Holdings Inc’s total number of outstanding shares is 116.63M. Company’s return on investment (ROI) stands at -68.55%. Stock’s beta reads 1.84. Stock has a price to sale or P/S ratio amounts to 0.59. Its return on asset (ROA) is -21.35% on average.