The Boeing Company (NYSE:BA) saw an upside of 1.55% to close Monday at $209.97 after adding $3.21 on the day. The 5-day average trading volume is 5,664,880 shares of the company’s common stock. It has gained $213.42 in the past week and touched a new high 2 times within the past 5 days. An average of 6,627,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,688,162.
BA’s 1-month performance is 11.51% or $20.91 on its low of $186.19 reached on 12/29/22. The company’s shares have touched a 52-week low of $113.02 and high of $223.23, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, BA has achieved 10.23% or $19.48 and has reached a new high 7 times. However, the current price is down -5.94% from the 52-week high price.
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BA stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.04.
The Boeing Company’s quick ratio for the period ended September 29 was 0.30, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is -1.40%. The firm’s gross profit as reported stood at $3.05 billion against revenue of $62.29 billion.
For the quarterly period ending September 29 this year, The Boeing Company’s cash and short-term investments amounted to $763.0 million against total debt of $57.22 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 96.67% to -$3.27 billion, while revenue of $193.0 million was 105.89% off the previous quarter. Analysts expected BA to announce $0.07 per share in earnings in its latest quarter, but it posted -$6.18, representing a -8,928.60% surprise. EBITDA for the quarter stood at more than -$2.3 billion. BA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 155.19 billion, with total debt at $57.22 billion. Shareholders hold equity totaling $595.98 million.
Let’s look briefly at The Boeing Company (BA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.32%.
The stock’s 5-day moving average is $208.93, reflecting a -1.94% or -$4.16 change from its current price. BA is currently trading +7.13% above its 20-day SMA, +26.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.79% and SMA200 by+14.96%.
Stochastic %K and %D was 69.25% and 71.89% and the average true range (ATR) pointed at 5.18. The RSI (14) points at 64.11%, while the 14-day stochastic is at 72.48% with the period’s ATR at 5.40. The stock’s 9-day MACD Oscillator is pointing at -1.82 and -0.16 on the 14-day charts.
In the most recent analyst report for The Boeing Company (NYSE: BA), Credit Suisse upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for BA stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate BA as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 15 have offered a “buy” rating.
What is BA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $160.00 and a high of $261.00, with their median price target at $224.00. Looking at these predictions, the average price target given by analysts is for The Boeing Company (BA) stock is $219.34.