Is Spirit Aerosystems Holdings, In (NYSE:SPR) Stock Overbought?

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Spirit Aerosystems Holdings, In (NYSE:SPR) has reached overbought status with a 14-day RSI of 82.07.

The Relative Strength Index (RSI) is a very common technical indicator used to ascertain strengthening and weakening momentum in price action. An RSI above 70 is an overbought indication while an RSI of under 30 is considered oversold. Overbought is a condition that occurs when prices are considered too high and the stock may be due to decline.

Volatility

Spirit Aerosystems Holdings, In’s beta is at 1.35 so it is more volatile than the market as a whole that has a beta of 1. Stocks with a beta lower than the market are less risky while those with a higher beta are more risky than the market over the long haul.

The stock’s Average True Range (ATR) is sitting at 1.12. The ATR is an indicator of volatility. A high or low ATR doesn’t tell you which way a stock will move but is a signal that it is likely to move.

Company shares are trading at $77.86 which is marginally over $72.33, the 50 day moving average and which is significantly higher than the 200 day moving average of $61.20. The 50 day moving average moved up $5.53 whereas the 200 day average was up by +27.23%.

Recent news headlines for (NYSE:SPR).

Spirit AeroSystems Develops & Leverages Innovative Composite Technology, Adds Work at Its U.K. Facility
Spirit AeroSystems Recognizes 14 Suppliers for Superior Performance
Spirit Announces Investor Conference.

Short Interest

Investors are feeling more bearish on Spirit Aerosystems Holdings, In looking at the rise in short interest. The company recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 3.97%. Short interest grew 159,166 over that timeframe. The short-interest ratio increased to 5.0 and the percentage of shorted shares is 0.04% as of August 31.

Recent Analyst Ratings

On August 10 the stock rating was upgraded from “Sell” to “Neutral” in a statement from Goldman Sachs. August 7 investment analysts at Morgan Stanley left the company rating at “Overweight” but raised the price target from $56.00 to $81.00.

On August 3 Credit Suisse kept the stock rating at “Buy” but moved up the price target to $80.00 from $57.00. August 3 investment analysts at Canaccord Genuity left the stock rating at “Buy” but raised the price expectation from $46.00 to $80.00.

Spirit Aerosystems Holdings, In also recently declared a dividend that will be paid on Tuesday the 10th of October 2017. The dividend payment will be $0.100 per share for the quarter or $0.40 on an annualized basis. This dividend amount will represent a yield of $0.52. The ex-dividend date will be on Friday the 15th of September 2017.

The company’s P/E ratio is 27.96 and market cap is 9.21B. In the last earnings report the EPS was $2.79 and is estimated to be $5.22 for the current year with 118,321,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.25 and the next full year EPS is projected to be $5.30.

Company Information

Spirit AeroSystems Holdings, Inc., launched on February 7, 2005, is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems. The Business’s maintenance, repair and overhaul (MRO) services include repair stations that provide on-site repair and overhaul, and maintain global partnerships to support MRO services for B737, B747, B767, B777, B787 and Rolls-Royce BR725. It maintains a pool of rotable assets for sale, exchange and/or lease for B737, B747, B767 and B777. It also offers engineering, tooling and measurement services. The Company offers low observables, which are radar absorbent and translucent materials; rotorcraft, including forward cockpit and cabin, and fuselage, and other military products for fabrication, bonding, assembly, testing, tooling, processing, engineering analysis and training..