BA has 36-month beta value of 1.54. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for BA is 612.75M, and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of BA on April 29, 2024 was 8.20M shares.
BA) stock’s latest price update
Boeing Co. (NYSE: BA)’s stock price has gone rise by 0.25 in comparison to its previous close of 166.81, however, the company has experienced a -1.53% decrease in its stock price over the last five trading days. Yahoo Finance reported 2024-04-28 that Defense stocks have come under pressure as US lawmakers put spending under the microscope. The Gabelli Commercial Aerospace and Defense ETF Portfolio Manager Tony Bancroft and Baird Senior Analyst Peter Arment join Market Domination to discuss how to play the aerospace and defense sectors now.
BA’s Market Performance
Boeing Co. (BA) has experienced a -1.53% fall in stock performance for the past week, with a -12.88% drop in the past month, and a -18.62% drop in the past quarter. The volatility ratio for the week is 4.14%, and the volatility levels for the past 30 days are at 2.52% for BA.. The simple moving average for the past 20 days is -4.95% for BA’s stock, with a -20.06% simple moving average for the past 200 days.
Analysts’ Opinion of BA
Many brokerage firms have already submitted their reports for BA stocks, with Northcoast repeating the rating for BA by listing it as a “Sell.” The predicted price for BA in the upcoming period, according to Northcoast is $140 based on the research report published on April 17, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see BA reach a price target of $190, previously predicting the price at $210. The rating they have provided for BA stocks is “Neutral” according to the report published on April 11th, 2024.
BA Trading at -10.81% 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 -37.50% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares sank -13.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.78% lower at present.
During the last 5 trading sessions, BA fell by -1.53%, which changed the moving average for the period of 200-days by -22.98% in comparison to the 20-day moving average, which settled at $174.64. In addition, Boeing Co. saw -35.85% in overturn over a single year, with a tendency to cut further losses.
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 ’23. After this action, COLBERT THEODORE III now owns 59,255 shares of Boeing Co., valued at $2,026,136 using the latest closing price.
MOLLENKOPF STEVEN M, the Director of Boeing Co., purchase 850 shares at $237.00 during a trade that took place back on Jul 31 ’23, 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:
- -0.01 for the present operating margin
- 0.1 for the gross margin
The net margin for Boeing Co. stands at -0.03. The total capital return value is set at -0.02.
Based on Boeing Co. (BA), the company’s capital structure generated 1.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at -2.82. The interest coverage ratio of the stock is -0.32.
Currently, EBITDA for the company is 2.27 billion with net debt to EBITDA at 21.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.88. The receivables turnover for the company is 6.02for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
To put it simply, Boeing Co. (BA) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
