Boeing Co. (NYSE: BA) has experienced a decline in its stock price by -0.12 compared to its previous closing price of 155.20. However, the company has seen a gain of 0.01% in its stock price over the last five trading days. forbes.com reported 2024-10-26 that A significant share of Boeing’s striking assembly workers are digging in their heels on a seemingly quixotic demand: the revival of their pension plans.
Is It Worth Investing in Boeing Co. (NYSE: BA) Right Now?
The 36-month beta value for BA is at 1.57. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for BA is 617.19M, and currently, shorts hold a 2.34% of that float. The average trading volume for BA on October 28, 2024 was 8.00M shares.
BA’s Market Performance
BA stock saw an increase of 0.01% in the past week, with a monthly gain of 0.28% and a quarterly increase of -16.41%. The volatility ratio for the week is 2.86%, and the volatility levels for the last 30 days are 2.53% for Boeing Co. (BA). The simple moving average for the past 20 days is 0.79% for BA’s stock, with a -13.86% 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 -3.00% 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 -42.06% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares sank -0.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.13% lower at present.
During the last 5 trading sessions, BA rose by +0.01%, which changed the moving average for the period of 200-days by -31.97% in comparison to the 20-day moving average, which settled at $153.79. In addition, Boeing Co. saw -40.53% 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:
- -0.09 for the present operating margin
- 0.03 for the gross margin
The net margin for Boeing Co. stands at -0.11. The total capital return value is set at -0.16.
Based on Boeing Co. (BA), the company’s capital structure generated 1.69 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at -2.45. The interest coverage ratio of the stock is -5.97.
Currently, EBITDA for the company is 2.27 billion with net debt to EBITDA at -10.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 5.77for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
In conclusion, Boeing Co. (BA) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
