The stock of The Boeing Company (NYSE: BA) has decreased by -0.80 when compared to last closing price of 208.11.Despite this, the company has seen a loss of -2.16% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-18 that Boeing (BA) is set to deliver spare parts for CH-47 Block 2 helicopter.
Is It Worth Investing in The Boeing Company (NYSE: BA) Right Now?
Moreover, the 36-month beta value for BA is 1.44. Analysts have varying opinions on the stock, with 15 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for The Boeing Company (BA) is $259.00, which is $45.33 above the current market price. The public float for BA is 602.69M and currently, short sellers hold a 1.23% of that float. On September 18, 2023, BA’s average trading volume was 5.19M shares.
BA’s Market Performance
BA’s stock has seen a -2.16% decrease for the week, with a -8.06% drop in the past month and a -6.15% fall in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 2.27% for The Boeing Company. The simple moving average for the past 20 days is -6.14% for BA’s stock, with a -1.24% simple moving average for the past 200 days.
BA Trading at -7.55% from the 50-Day Moving Average
After a stumble in the market that brought BA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.08% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -8.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.64% lower at present.
During the last 5 trading sessions, BA fell by -2.13%, which changed the moving average for the period of 200-days by +17.79% in comparison to the 20-day moving average, which settled at $218.94. In addition, The Boeing Company saw 8.38% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BA starting from COLBERT THEODORE III, who sale 8,500 shares at the price of $238.37 back on Aug 01. After this action, COLBERT THEODORE III now owns 59,255 shares of The Boeing Company, valued at $2,026,136 using the latest closing price.
MOLLENKOPF STEVEN M, the Director of The Boeing Company, purchase 850 shares at $237.00 during a trade that took place back on Jul 31, which means that MOLLENKOPF STEVEN M is holding 3,767 shares at $201,450 based on the most recent closing price.
Stock Fundamentals for BA
Current profitability levels for the company are sitting at:
- -5.34 for the present operating margin
- +5.20 for the gross margin
The net margin for The Boeing Company stands at -7.41. The total capital return value is set at -8.12, while invested capital returns managed to touch -12.29. Equity return is now at value 27.70, with -3.30 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.27, with the company’s debt to enterprise value settled at 0.38. The receivables turnover for the company is 5.87 and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
To wrap up, the performance of The Boeing Company (BA) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
