Spirit Aerosystems Holdings Inc (NYSE:SPR) shares, rose in value, with the stock price up by 1.06% to the previous day’s close as strong demand from buyers drove the stock to $34.39.
Actively observing the price movement in the last trading, the stock closed the session at $34.03. The value of beta (5-year monthly) was 1.74. Referring to stock’s 52-week performance, its high was $36.34, and the low was $14.65. On the whole, SPR has fluctuated by -1.63% over the past month.
With the market capitalization of Spirit Aerosystems Holdings Inc currently standing at about $3.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. 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 -$0.34, which is expected to increase to $0.12 for fiscal year $0.28 and then to about $2.03 by fiscal year 2025. Data indicates that the EPS growth is expected to be 107.00% in 2025, while the next year’s EPS growth is forecast to be 625.00%.
Analysts have estimated the company’s revenue for the quarter at $1.67 billion, with a low estimate of $1.34 billion and a high estimate of $1.88 billion. According to the average forecast, sales growth in current quarter could jump up 9.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $7.37 billion, representing an increase of 21.80% 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 no 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% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SPR currently trading nearly 0.81% and 10.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.11, while the 7-day volatility ratio is showing 3.72% which for the 30-day chart, stands at 3.65%. Furthermore, Spirit Aerosystems Holdings Inc (SPR)’s beta value is 1.79, and its average true range (ATR) is 1.31.
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 1.06% in last session, and over the past year, it shrunk by -2.52%%.
Data on historical trading for Spirit Aerosystems Holdings Inc (NYSE:SPR) indicates that the trading volumes over the past 10 days have averaged 2.96 million and over the past 3 months, they’ve averaged 4.44 million. According to company’s latest data on outstanding shares, there are 116.05 million shares outstanding.
Nearly 0.79% of Spirit Aerosystems Holdings Inc’s shares belong to company insiders and institutional investors own 98.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.9 million shares as on Mar 15, 2024, resulting in a short ratio of 2.26. According to the data, the short interest in Spirit Aerosystems Holdings Inc (SPR) stood at 8.51% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.2 million. The stock has risen by 8.21% 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.
