Spirit AeroSystems Holdings Inc. [SPR] moved down -5.47: Why It’s Important


Spirit AeroSystems Holdings Inc. [NYSE: SPR] traded at a low on 05/12/22, posting a -5.47 loss after which it closed the day’ session at $29.06. The company report on May 4, 2022 that Spirit AeroSystems Celebrates Women in Aviation.

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Spirit AeroSystems celebrated the Grand Opening of the Women in Aviation Exhibit inside the B-29 Doc Hangar, Education and Visitors Center in Wichita today.

Connie Palacioz, who is 97 years old, was inducted as the inaugural member of the Women in Aviation – Kansas Women’s Hall of Fame by Tom Gentile, Spirit AeroSystems President & CEO.

The results of the trading session contributed to over 3712066 shares changing hands. Over the past one week, the price volatility of Spirit AeroSystems Holdings Inc. stands at 10.18% while the volatility over the past one month is 6.49%.

The market cap for SPR stock reached $3.23 billion, with 104.40 million shares outstanding and 103.90 million shares in the current float. Compared to the average trading volume of 2.03M shares, SPR reached a trading volume of 3712066 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Spirit AeroSystems Holdings Inc. [SPR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPR shares is $57.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPR stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Spirit AeroSystems Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 16, 2022. While these analysts kept the previous recommendation, Truist raised their target price from $39 to $76. The new note on the price target was released on January 07, 2022, representing the official price target for Spirit AeroSystems Holdings Inc. stock. Previously, the target price had yet another raise to $62, while RBC Capital Mkts analysts kept a Outperform rating on SPR stock. On September 29, 2021, analysts increased their price target for SPR shares from 53 to 66.

The Average True Range (ATR) for Spirit AeroSystems Holdings Inc. is set at 2.60, with the Price to Sales ratio for SPR stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 7.94, with the Price to Cash per share for the same quarter was set at 10.37.

How has SPR stock performed recently?

Spirit AeroSystems Holdings Inc. [SPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.71. With this latest performance, SPR shares dropped by -36.41% in over the last four-week period, additionally sinking by -34.34% over the last 6 months – not to mention a drop of -31.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPR stock in for the last two-week period is set at 17.55, with the RSI for the last a single of trading hit 10.85, and the three-weeks RSI is set at 23.72 for Spirit AeroSystems Holdings Inc. [SPR]. The present Moving Average for the last 50 days of trading for this stock 43.37, while it was recorded at 31.51 for the last single week of trading, and 43.51 for the last 200 days.

Spirit AeroSystems Holdings Inc. [SPR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Spirit AeroSystems Holdings Inc. [SPR] shares currently have an operating margin of -11.00 and a Gross Margin at -2.68. Spirit AeroSystems Holdings Inc.’s Net Margin is presently recorded at -13.68.

Return on Equity for this stock declined to -82.89, with Return on Assets sitting at -6.71.

Spirit AeroSystems Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.00.

Insider trade positions for Spirit AeroSystems Holdings Inc. [SPR]

There are presently around $2,650 million, or 82.10% of SPR stock, in the hands of institutional investors. The top three institutional holders of SPR stocks are: VANGUARD GROUP INC with ownership of 9,315,232, which is approximately 0.088% of the company’s market cap and around 0.50% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 5,931,378 shares of the stock with an approximate value of $182.33 million in SPR stocks shares; and BLACKROCK INC., currently with $163.91 million in SPR stock with ownership of nearly 4.017% of the company’s market capitalization.

Positions in Spirit AeroSystems Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 157 institutional holders increased their position in Spirit AeroSystems Holdings Inc. [NYSE:SPR] by around 18,305,012 shares. Additionally, 147 investors decreased positions by around 9,136,228 shares, while 54 investors held positions by with 58,750,199 shares. The mentioned changes placed institutional holdings at 86,191,439 shares, according to the latest SEC report filing. SPR stock had 61 new institutional investments in for a total of 3,946,479 shares, while 37 institutional investors sold positions of 2,145,189 shares during the same period.