Boeing Co. (NYSE: BA)’s stock price has dropped by -0.20 in relation to previous closing price of 155.31. Nevertheless, the company has seen a gain of 2.64% in its stock price over the last five trading days. reuters.com reported 2024-10-20 that Boeing closed a deal this month to sell a small defense subsidiary that makes surveillance equipment for the U.S. military, the company said on Sunday, as the planemaker looks to shore up its struggling finances.
Is It Worth Investing in Boeing Co. (NYSE: BA) Right Now?
BA has 36-month beta value of 1.57. 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.”
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The public float for BA is 615.15M, and currently, short sellers hold a 2.07% ratio of that float. The average trading volume of BA on October 21, 2024 was 7.63M shares.
BA’s Market Performance
BA’s stock has seen a 2.64% increase for the week, with a 0.27% rise in the past month and a -13.36% fall in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.50% for Boeing Co.. The simple moving average for the past 20 days is 1.17% for BA’s stock, with a -14.79% simple moving average for the past 200 days.
Analysts’ Opinion of BA
Many brokerage firms have already submitted their reports for BA stocks, with Bernstein repeating the rating for BA by listing it as a “Outperform.” The predicted price for BA in the upcoming period, according to Bernstein is $195 based on the research report published on October 17, 2024 of the current year 2024.
DZ Bank, on the other hand, stated in their research note that they expect to see BA reach a price target of $152. The rating they have provided for BA stocks is “Hold” according to the report published on October 15th, 2024.
Wells Fargo gave a rating of “Underweight” to BA, setting the target price at $119 in the report published on September 03rd of the current year.
BA Trading at -3.71% 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 -42.06% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +1.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.21% lower at present.
During the last 5 trading sessions, BA rose by +2.64%, which changed the moving average for the period of 200-days by -36.45% in comparison to the 20-day moving average, which settled at $153.20. In addition, Boeing Co. saw -40.54% 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 1.94. 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 put it simply, Boeing Co. (BA) has had a mixed 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.
