The stock has a 36-month beta value of 1.58. 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 615.16M, and at present, short sellers hold a 2.07% of that float. On October 11, 2024, the average trading volume of BA was 7.36M shares.
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BA) stock’s latest price update
Boeing Co. (NYSE: BA) has experienced a rise in its stock price by 2.20 compared to its previous closing price of 146.62. However, the company has seen a fall of -3.33% in its stock price over the last five trading days. reuters.com reported 2024-10-11 that A federal watchdog on Friday criticized the Federal Aviation Administration’s oversight of Boeing airplane production, saying it does not have an effective system to oversee the planemaker’s individual manufacturing facilities.
BA’s Market Performance
Boeing Co. (BA) has experienced a -3.33% fall in stock performance for the past week, with a -7.94% drop in the past month, and a -16.34% drop in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 2.55% for BA. The simple moving average for the last 20 days is -2.42% for BA’s stock, with a simple moving average of -18.76% for the last 200 days.
Analysts’ Opinion of BA
Many brokerage firms have already submitted their reports for BA stocks, with Wells Fargo repeating the rating for BA by listing it as a “Underweight.” The predicted price for BA in the upcoming period, according to Wells Fargo is $119 based on the research report published on September 03, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see BA reach a price target of $207, previously predicting the price at $222. The rating they have provided for BA stocks is “Outperform” according to the report published on August 05th, 2024.
BA Trading at -7.68% 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 -43.99% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -4.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.81% lower at present.
During the last 5 trading sessions, BA fell by -3.15%, which changed the moving average for the period of 200-days by -42.88% in comparison to the 20-day moving average, which settled at $153.57. In addition, Boeing Co. saw -42.52% 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 -0.07. The debt to equity ratio resting at -3.22. The interest coverage ratio of the stock is -0.7.
Currently, EBITDA for the company is 2.27 billion with net debt to EBITDA at 40.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. 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.
