The stock has a 36-month beta value of 1.59. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for BA is 614.35M, and at present, short sellers hold a 2.20% of that float. On August 02, 2024, the average trading volume of BA was 6.22M shares.
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BA) stock’s latest price update
Boeing Co. (NYSE: BA) has experienced a decline in its stock price by -6.02 compared to its previous closing price of 178.31. However, the company has seen a fall of -10.33% in its stock price over the last five trading days. prnewswire.com reported 2024-08-02 that STERLING HEIGHTS, Mich., Aug. 2, 2024 /PRNewswire/ — BAE Systems (LON: BA) received a $493 million contract to continue producing M109A7 Self-Propelled Howitzers (SPH) and M992A3 Ammunition Carriers for the U.S. Army.
BA’s Market Performance
Boeing Co. (BA) has experienced a -10.33% fall in stock performance for the past week, with a -9.08% drop in the past month, and a -6.30% drop in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 3.28% for BA. The simple moving average for the last 20 days is -8.72% for BA’s stock, with a simple moving average of -15.31% for the last 200 days.
Analysts’ Opinion of BA
Northcoast, on the other hand, stated in their research note that they expect to see BA reach a price target of $140. The rating they have provided for BA stocks is “Sell” according to the report published on April 17th, 2024.
BofA Securities gave a rating of “Neutral” to BA, setting the target price at $190 in the report published on April 11th of the current year.
BA Trading at -8.00% 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 -37.36% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -8.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.68% lower at present.
During the last 5 trading sessions, BA fell by -9.71%, which changed the moving average for the period of 200-days by -8.75% in comparison to the 20-day moving average, which settled at $182.78. In addition, Boeing Co. saw -35.71% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BA
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.09 for the gross margin
The net margin for Boeing Co. stands at -0.05. The total capital return value is set at -0.04.
Based on Boeing Co. (BA), the company’s capital structure generated 1.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at -3.22. The interest coverage ratio of the stock is -1.62.
Currently, EBITDA for the company is 2.27 billion with net debt to EBITDA at 228.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.04. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To sum up, Boeing Co. (BA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
