Home  »  Business   »  Spirit AeroSystems Holdings Inc. (NYSE: SPR)’s U...

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.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.

Sponsored

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.

Leave a Comment

Your email address will not be published.

Related Videos

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam