On Wednesday, Spirit AeroSystems Holdings Inc. [NYSE:SPR] has a current price of $19.75, coming out to a daily percentage change of 2.81% with a 52-week range of $13.69 – $92.81.
Other data for the company is as follows:
- Stochastic %K of 46.46
- Weighted Alpha of -70.3
Analysts have the price target for Spirit AeroSystems Holdings Inc. [SPR] at 22.22. Daily swings are between $18.70 and $19.34.
Wait and see
Holding a Market Cap of $2.02 billion, Spirit AeroSystems Holdings Inc. has seen a trading range over the last year of $13.69-$92.81.
For the last five days, SPR is up from its last closing price. The average shares trading hands each day is 5.00M, with average 10-day volume coming in at 5.39 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for SPR. When we apply the Elder Force Index to Spirit AeroSystems Holdings Inc., we are seeing an Elder Force Indicator number of 1092267.72.
The company’s enterprise value has gone from $3.77B to $3.24B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, SPR made a profit of -280.5 million. Spirit AeroSystems Holdings Inc. also saw quarter revenue growth year over year of 8.88%. In addition, the company has operating cash flow of -$108.7 million.
Looking at popular technical indicators, the company’s 5-day moving average is 19.22 compared to the 50-day moving average of 20.00. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. SPR currently holds a 9-day RSI of 51.83%, while 100-day RSI stands at 43.70%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. SPR’s 9-day MACD is -0.17 and the company’s 100-day MACD stands at -3.30.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 1.06% by insiders and 98.38% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 8.91%, while the second top holder, Darsana Capital Partners LP, currently owns 6.63%.
Over the last six months, insiders have sold 500 with the most recent transaction from JOHNSON ROBERT D, Director, with a sell at price 86.99 per share.
Overall, the recommended rating for SPR is Moderate Buy. Currently, the company has 18 analysts watching the stock, and the average quarterly earnings estimate is -1.24. Quarterly revenue estimates are averaging 788.27M with the high estimate reaching 962.7M and the low at 686.1M.
To review, the current 1-year target estimate is sitting at 22.22, while the current price 19.75. Based on this, we expect the stock to rise considering the aforementioned fundamentals.