Investors in cash trouble should check out Spirit Aerosystems Holdings Inc (SPR)

With 2.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $29.16 whereas the lowest price it dropped to was $28.39. The 52-week range on SPR shows that it touched its highest point at $37.98 and its lowest point at $14.65 during that stretch. It currently has a 1-year price target of $33.42. Beta for the stock currently stands at 1.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPR was up-trending over the past week, with a rise of 3.85%, but this was down by -0.78% over a month. Three-month performance surged to 26.28% while six-month performance rose 24.87%. The stock lost -20.57% in the past year, while it has lost -8.37% so far this year. A look at the trailing 12-month EPS for SPR yields -6.08 with Next year EPS estimates of 2.04. For the next quarter, that number is -0.38. This implies an EPS growth rate of 104.44% for this year and 1042.00% for next year.

Float and Shares Shorts:

At present, 116.05 million SPR shares are outstanding with a float of 115.18 million shares on hand for trading. On Jan 31, 2024, short shares totaled 12.31 million, which was 10.60% higher than short shares on Dec 29, 2023. In addition to SPY as the firm’s SPDR S&P 500, SPWR serves as its SunPower Corporation.

Institutional Ownership:

Through their ownership of 79.09% of SPR’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPR analysts setting a high price target of $40.00 and a low target of $21.00, the average target price over the next 12 months is $33.42. Based on these targets, SPR could surge 37.36% to reach the target high and fall by -27.88% to reach the target low. Reaching the average price target will result in a growth of 14.77% from current levels.

Summary of Insider Activity:

Insiders traded SPR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 115,889 while 59,566 shares were sold.