This is why Spirit AeroSystems Holdings Inc. (SPR) Stock is one of the options for the Longer run

Spirit AeroSystems Holdings Inc. [SPR] stock is trading at $25.27, up up 10.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SPR shares have gain 9.39% over the last week, with a monthly amount drifted -12.26%, and not seem to be holding up well over a long-time horizon.

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On 21, September 2022, Spirit AeroSystems, Malaysia Airlines Berhad sign Memorandum of Understanding to create MRO services for 737NG. In a post published today on Yahoo Finance, Spirit AeroSystems, Inc. [NYSE – SPR] announced today at MRO Asia-Pacific in Singapore a Memorandum of Understanding (MOU) with Malaysia Airlines Berhad (MAB) to develop maintenance, repair and overhaul (MRO) services for the 737 Next Generation Aircraft.

From an analyst’s perspective:

Spirit AeroSystems Holdings Inc. [NYSE: SPR] stock has seen the most recent analyst activity on September 08, 2022, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $35 from $51. On January 07, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $76 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $62 on October 22, 2021. Bernstein upgraded its rating to a Outperform and raised its price target to $66 on September 29, 2021. BofA Securities upgraded its rating to Buy for this stock on August 06, 2021, but kept the price target unchanged to $50. In a note dated March 08, 2021, Susquehanna upgraded an Positive rating on this stock.

Spirit AeroSystems Holdings Inc. [SPR] stock has fluctuated between $21.51 and $53.31 over the past year. Currently, Wall Street analysts expect the stock to reach $45.43 within the next 12 months. Spirit AeroSystems Holdings Inc. [NYSE: SPR] shares were valued at $25.27 at the most recent close of the market. An investor can expect a potential return of 79.78% based on the average price forecast.

Analyzing the SPR fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.18 points at the first support level, and at 23.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.83, and for the 2nd resistance point, it is at 26.39.

Spirit AeroSystems Holdings Inc. [SPR] reported earnings per share of $0.03 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.56/share, meaning a difference of $0.59 and a surprise factor of 105.40%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.84 per share as compared to estimates of -$0.65 per share, a difference of $-0.19 representing a surprise of -29.20%.

Ratios To Look Out For

For context, Spirit AeroSystems Holdings Inc.’s Current Ratio is 1.50.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 7 insider sellings of 1,643 shares. Recent insider trading involved JOHNSON ROBERT D, Director, that happened on Sep 01 when 500.0 shares were sold. Director, JOHNSON ROBERT D completed a deal on Jun 01 to sell 500.0 shares. Meanwhile, Director JOHNSON ROBERT D sold 500.0 shares on Dec 01.