The stock price of Spirit Aerosystems Holdings Inc (NYSE: SPR) has plunged by -2.51 when compared to previous closing price of 34.27, but the company has seen a -1.47% decline in its stock price over the last five trading sessions. Reuters reported 2024-04-12 that Boeing’s key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday.
Is It Worth Investing in Spirit Aerosystems Holdings Inc (NYSE: SPR) Right Now?
Moreover, the 36-month beta value for SPR is 1.78. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for SPR is 115.14M and currently, short sellers hold a 8.89% of that float. On April 16, 2024, SPR’s average trading volume was 3.87M shares.
SPR’s Market Performance
SPR stock saw an increase of -1.47% in the past week, with a monthly gain of 8.02% and a quarterly increase of 22.83%. The volatility ratio for the week is 3.49%, and the volatility levels for the last 30 days are 3.38% for Spirit Aerosystems Holdings Inc (SPR). The simple moving average for the past 20 days is -2.78% for SPR’s stock, with a 26.68% simple moving average for the past 200 days.
Analysts’ Opinion of SPR
Many brokerage firms have already submitted their reports for SPR stocks, with TD Cowen repeating the rating for SPR by listing it as a “Outperform.” The predicted price for SPR in the upcoming period, according to TD Cowen is $35 based on the research report published on February 08, 2024 of the current year 2024.
Citigroup gave a rating of “Buy” to SPR, setting the target price at $39 in the report published on January 17th of the current year.
SPR Trading at 4.16% from the 50-Day Moving Average
After a stumble in the market that brought SPR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.06% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares surge +3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.66% upper at present.
During the last 5 trading sessions, SPR fell by -1.47%, which changed the moving average for the period of 200-days by +15.29% in comparison to the 20-day moving average, which settled at $34.42. In addition, Spirit Aerosystems Holdings Inc saw 5.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SPR
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.03 for the gross margin
The net margin for Spirit Aerosystems Holdings Inc stands at -0.1. The total capital return value is set at -0.03.
Based on Spirit Aerosystems Holdings Inc (SPR), the company’s capital structure generated 1.14 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at -8.0. The interest coverage ratio of the stock is -0.89.
Currently, EBITDA for the company is 188.6 million with net debt to EBITDA at -97.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 5.43for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
To wrap up, the performance of Spirit Aerosystems Holdings Inc (SPR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
