While Spirit Aerosystems Holdings Inc has underperformed by -1.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SPR rose by 18.88%, with highs and lows ranging from $36.34 to $14.65, whereas the simple moving average jumped by 26.31% in the last 200 days.
On February 08, 2024, TD Cowen Upgraded Spirit Aerosystems Holdings Inc (NYSE: SPR) to Outperform. A report published by KeyBanc Capital Markets on January 17, 2024, Initiated its previous ‘Sector Weight’ rating for SPR. Citigroup also rated SPR shares as ‘Buy’, setting a target price of $39 on the company’s shares in an initiating report dated January 17, 2024. Morgan Stanley December 20, 2023d the rating to Equal-Weight on December 20, 2023, and set its price target from $22 to $35. Stifel initiated its ‘Hold’ rating for SPR, as published in its report on December 01, 2023. Robert W. Baird’s report from November 30, 2023 suggests a price prediction of $36 for SPR shares, giving the stock a ‘Outperform’ rating. Wolfe Research also rated the stock as ‘Outperform’.
Analysis of Spirit Aerosystems Holdings Inc (SPR)
Further, the quarter-over-quarter increase in sales is 37.33%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Spirit Aerosystems Holdings Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.76M can be a very valuable indicator of volatility for SPR stock. On a monthly basis, the volatility of the stock is set at 3.24%, whereas on a weekly basis, it is put at 3.21%, with a loss of -2.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.29, showing growth from the present price of $33.37, which can serve as yet another indication of whether SPR is worth investing in or should be passed over.
How Do You Analyze Spirit Aerosystems Holdings Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SPR shares are owned by institutional investors to the tune of 98.10% at present.
