Spirit Aerosystems Holdings Inc (NYSE:SPR) price on Friday, May 23, fall -0.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $37.12.
A look at the stock’s price movement, the close in the last trading session was $37.24. Turning to its 52-week performance, $37.88 and $27.00 were the 52-week high and 52-week low respectively. Overall, SPR moved 6.64% over the past month.
Spirit Aerosystems Holdings Inc’s market cap currently stands at around $4.35 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 1.82B for the company’s revenue for the quarter, with a low and high estimate of 1.73B and 1.94B respectively. The average forecast suggests up to a 21.93% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.64B, representing a 20.97% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 2 recommend SPR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPR’s current price about 1.20% and 6.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.90, while 7-day volatility ratio is 0.94% and 0.89% in the 30-day chart. Further, Spirit Aerosystems Holdings Inc (SPR) has a beta value of 1.65, and an average true range (ATR) of 0.66. Analysts have given the company’s stock an average 52-week price target of $44, forecast between a low of $35 and high of $70. Looking at the price targets, the low is 5.71% off current price level while to achieve the yearly target high, price needs to move -88.58%. Nonetheless, investors will most likely welcome a -18.53% jump to $44 which is the analysts’ median price.
If we refocus on Spirit Aerosystems Holdings Inc (NYSE:SPR), historical trading data shows that trading volumes averaged 1.42 million over the past 3 months. The company’s latest data on shares outstanding shows there are 117.32 million shares.
The 1.11% of Spirit Aerosystems Holdings Inc’s shares are in the hands of company insiders while institutional holders own 91.40% of the company’s shares. Current price change has pushed the stock 8.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPR stock continues to rise going into the next quarter.
