Are You Looking To Buy The Boeing Company (BA)? First, Read This

MDVL Stock
MDVL Stock

The Boeing Company (NYSE:BA) finished Thursday with a subtraction of -$4.58 to close at $138.71, a downside of -3.20 percent. An average of 6,950,980 shares of common stock have been traded in the last five days. There was a fall of -$11.07 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 6,313,760 shares traded, while the 50-day average volume stands at 7,157,942.

BA stock has decreased by -13.34% in the last month. The company shares reached their 1-month lowest point of $138.29 on 09/22/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $113.02 and a high of $233.94 in 52 weeks. It has reached a new high 6 times so far this year and lost -31.10% or -$62.61 in price. In spite of this, the price is down -40.71% from the 52-week high.

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Insider Transactions

322 days have passed since The Boeing Company (BA) last reported insider trading activity. Dandridge Edward Lee, who is SVP, Communications, most recently acquired $990 shares at $221.87 per share on Nov 05.

Valuation Metrics

The Boeing Company (BA) stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.41.

Financial Health

The quick ratio of The Boeing Company for the three months ended June 29 was 0.30, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $3.05 billion compared to revenue of $62.29 billion.

Earnings Surprise

For the three-month period that ended June 29, The Boeing Company had $1.36 billion in cash and short-term investments compared to $51.79 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $193.0 million in the quarter, while revenues of -$1.22 billion were shrunk -204.15%. The analyst consensus anticipated The Boeing Company’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.37, a -131.20% surprise. For the quarter, EBITDA amounted to $1.28 billion. Shareholders own equity worth $593.81 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Boeing Company (BA) price momentum. RSI 9-day as of the close on 22 September was 24.96%, suggesting the stock is oversold, with historical volatility in this time frame at 42.30%.

As of today, BA’s price is $143.42 -7.39% or -$11.07 from its 5-day moving average. BA is currently trading -15.21% lower than its 20-day SMA and -6.81% lower than its 100-day SMA. However, the stock’s current price level is -3.64% below the SMA50 and -32.63% below the SMA200.

The stochastic %K and %D were 10.80% and 13.18%, respectively, and the average true range (ATR) was 5.71. With the 14-day stochastic at 1.85% and the average true range at 5.67, the RSI (14) stands at 31.13%. The stock has reached -4.26 on the 9-day MACD Oscillator while the 14-day reading was at -7.19.

Analyst Ratings

BofA Securities reiterated its a Neutral rating on The Boeing Company (NYSE: BA), but raised their price target to $150, indicating a potential price increase of 7.53% for the stock. The consensus rating for The Boeing Company (BA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BA, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 16 others rate it as a “buy”.

What is BA’s price target for the next 12 months?

Analysts predict a range of price targets between $160.00 and $298.00, with a median target of $200.00. Taking a look at these predictions, the average price target given by analysts for The Boeing Company (BA) stock is $211.84.


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