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Spirit AeroSystems Holdings Inc. (NYSE: SPR)’s Upside Potential Is High

Spirit AeroSystems Holdings Inc. (NYSE:SPR) shares, rose in value on Friday, May 13, with the stock price up by 6.92% to the previous day’s close as strong demand from buyers drove the stock to $31.07.

Actively observing the price movement in the recent trading, the stock is buoying the session at $29.06, falling within a range of $28.30 and $30.94. The value of beta (5-year monthly) is 1.76. Referring to stock’s 52-week performance, its high was $53.31, and the low was $28.30. On the whole, SPR has fluctuated by -36.41% over the past month.

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With the market capitalization of Spirit AeroSystems Holdings Inc. currently standing at about $3.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 02, 2022 – Aug 08, 2022. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 0.14%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.28, which is expected to increase to $0.19 for fiscal year -$0.25 and then to about $2.15 by fiscal year 2023. Data indicates that the EPS growth is expected to be 92.80% in 2023, while the next year’s EPS growth is forecast to be 960.00%.

Analysts have estimated the company’s revenue for the quarter at $1.28 billion, with a low estimate of $1.14 billion and a high estimate of $1.41 billion. According to the average forecast, sales growth in current quarter could jump up 33.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $5.16 billion, representing an increase of 30.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 5 upward and no downward review(s) in last seven days. We see that SPR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SPR currently trading nearly -23.08% and -28.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.40, while the 7-day volatility ratio is showing 10.18% which for the 30-day chart, stands at 6.49%. Furthermore, Spirit AeroSystems Holdings Inc. (SPR)’s beta value is 1.75, and its average true range (ATR) is 2.60.

A comparison of Spirit AeroSystems Holdings Inc. (SPR) with its peers suggests the former has fared considerably weaker in the market. SPR showed an intraday change of 6.92% in today’s session so far, and over the past year, it shrunk by -31.54%%. In comparison, Raytheon Technologies Corporation (RTX) has moved higher at 0.63% today and is up 9.19% over the past 12 months. On the other hand, the price of AAR Corp. (AIR) has risen 0.64% today. The stock, however, is off 16.13% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.20%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Spirit AeroSystems Holdings Inc. (NYSE:SPR) indicates that the trading volumes over the past 3 months, they’ve averaged 2.06 million. According to company’s latest data on outstanding shares, there are 104.40 million shares outstanding.

Nearly 0.50% of Spirit AeroSystems Holdings Inc.’s shares belong to company insiders and institutional investors own 82.10% of the company’s shares. The stock has fallen by -32.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPR stock heading into the next quarter.

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