9.17% percent quarterly performance for Spirit Aerosystems Holdings Inc (SPR) is not indicative of the underlying story

On Monday, Spirit Aerosystems Holdings Inc (NYSE: SPR) opened lower -0.28% from the last session, before settling in for the closing price of $35.57. Price fluctuations for SPR have ranged from $14.65 to $36.34 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 3.15%. Company’s average yearly earnings per share was noted -27.18% at the time writing. With a float of $115.64 million, this company’s outstanding shares have now reached $116.05 million.

Considering the fact that the conglomerate employs 20655 people, you should pay attention to its efficiency factor.

Spirit Aerosystems Holdings Inc (SPR) Insider Activity

A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of Spirit Aerosystems Holdings Inc is 0.84%, while institutional ownership is 96.63%.

Spirit Aerosystems Holdings Inc (SPR) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -1.46 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.86) by -0.6. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -27.18% per share during the next fiscal year.

Spirit Aerosystems Holdings Inc (NYSE: SPR) Trading Performance Indicators

Check out the current performance indicators for Spirit Aerosystems Holdings Inc (SPR). In the past quarter, the stock posted a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.70, a number that is poised to hit -0.92 in the next quarter and is forecasted to reach 1.25 in one year’s time.

Technical Analysis of Spirit Aerosystems Holdings Inc (SPR)

Compared to the last year’s volume of 3.72 million, its volume of 2.56 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 57.28%. Additionally, its Average True Range was 0.84.

During the past 100 days, Spirit Aerosystems Holdings Inc’s (SPR) raw stochastic average was set at 88.20%, which indicates a significant increase from 59.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.81% in the past 14 days, which was lower than the 33.27% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $32.53, while its 200-day Moving Average is $29.93. Nevertheless, the first resistance level for the watch stands at $35.75 in the near term. At $36.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.35. If the price goes on to break the first support level at $35.15, it is likely to go to the next support level at $34.83. Should the price break the second support level, the third support level stands at $34.55.

Spirit Aerosystems Holdings Inc (NYSE: SPR) Key Stats

There are currently 116,552K shares outstanding in the company with a market cap of 4.14 billion. Presently, the company’s annual sales total 6,048 M according to its annual income of -616,100 K. Last quarter, the company’s sales amounted to 1,703 M and its income totaled -616,600 K.