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Why Spirit Aerosystems Holdings Inc (SPR) Stock Could See Much Higher Prices Ahead

Spirit Aerosystems Holdings Inc (NYSE: SPR) is -0.47% lower on its value in year-to-date trading and has touched a low of $28.30 and a high of $37.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPR stock was last observed hovering at around $34.45 in the last trading session, with the day’s loss setting it -0.53%.

Currently trading at $33.92, the stock is -1.33% and 0.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -1.54% at the moment leaves the stock 2.78% off its SMA200. SPR registered 15.61% gain for a year compared to 6-month loss of -2.05%.

The stock witnessed a -0.09% gain in the last 1 month and extending the period to 3 months gives it a 8.23%, and is -1.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 1.99% over the month.

Spirit Aerosystems Holdings Inc (SPR) has around 20655 employees, a market worth around $3.98B and $6.48B in sales. Profit margin for the company is -22.39%. Distance from 52-week low is 19.86% and -8.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-68.55%).

with sales reaching $1.94B over the same period.The EPS is expected to shrink by -201.67% this year, but quarterly earnings will post 11.51% year-over-year. Quarterly sales are estimated to grow 7.20% in year-over-year returns.

Spirit Aerosystems Holdings Inc (SPR) Top Institutional Holders

The shares outstanding are 116.63M, and float is at 115.96M with Short Float at 8.68%.

The top institutional shareholder in the company is FMR LLC with over 17.03 million shares valued at $559.82 million. The investor’s holdings represent 14.6568% of the SPR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.83 million shares valued at $$356.03 million to account for 9.3213 of the shares outstanding. The other top investors are PENTWATER CAPITAL MANAGEMENT LP which holds 9.02 million shares representing 7.7324% and valued at over $296.36 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 7.0719 of the shares totaling 8.22 million with a market value of $270.11 million.

Spirit Aerosystems Holdings Inc (SPR) Insider Activity

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