As of Friday close, The Boeing Company’s (NYSE:BA) stock traded at $231.36. The average number of shares traded per day over the past five days has been 4,400,140 shares. 2 times new highs have been achieved over the past 5 days, with a -$7.33 fall in that time frame. In the last twenty days, the average volume was 6,312,445, while in the previous 50 days, it was 5,892,466.
Since last month, BA stock rose 8.81%. Shares of the company fell to $207.89 on 07/05/23, the lowest level in the past month. A 52-week high of $243.10 was reached on 08/01/23 after having rallying from a 52-week low of $120.99. Since the beginning of this year, BA’s stock price has risen by 21.46% or $40.87, and marked a new high 14 times. However, the stock has declined by -4.83% since its 52-week high.
BA stock investors should be aware that The Boeing Company (BA) stock had its last reported insider trading activity 4 days ago on Aug 01. COLBERT THEODORE III, the EVP, Pres. & CEO, BDS of the company, disposed of 8,500 shares for $238.37 on Aug 01. It resulted in a $2,026,136 divestment by the insider. MOLLENKOPF STEVEN M added 850 shares at an average price of $237.00 on Jul 31. The insider now owns 3,767 shares following the transaction. On May 01, Chief Engineer & EVP, ET&T McKenzie Howard E sold 412 shares at $204.36 apiece. The transaction was valued at $84,196.
Valuation Metrics
The latest dividend of $2.0550 per share was paid out, remained unchanged from last year’s $2.0550.
Financial Health
In the three months ended June 29, The Boeing Company’s quick ratio stood at 0.30, while its current ratio was 1.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 6.70% percent. In the year ended June 29, EBITDA margin amounted to -2.36%, whereas operating margins totaled -4.60%. Based on annual data, BA earned $3.53 billion in gross profit and brought in $66.61 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.70%. Return on equity (ROE) for the past 12 months was 27.70%.
In The Boeing Company’s quarter-end financial report for June 29, it reported total debt of $47.66 billion against cash and short-term investments of $6.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BA’s revenue rose 15.54% to $17.92 billion during the quarter, while net income inched up to $19.75 billion. While analysts expected The Boeing Company to report -$0.88 quarterly earnings, the actual figure was -$0.82 per share, beating the consensus estimate by 6.80%. During the quarter, the company generated $357.0 million in EBITDA. The liabilities of The Boeing Company were 150.27 billion at the end of its most recent quarter ended June 29, and its total debt was $52.27 billion. The value of shareholders’ equity is $603.2 million.
Technical Picture
This quick technical analysis looks at The Boeing Company’s (BA) price momentum. With a historical volatility rate of 46.29%, the RSI 9-day stood at 61.98% on 04 August.
With respect to its five-day moving average, the current The Boeing Company price is down by -3.07% percent or -$7.33. At present, BA shares trade +9.08% above its 20-day simple moving average and +13.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.20% above its SMA50 and +70.01% above its SMA200.
Stochastic coefficient K was 66.35% and Stochastic coefficient D was 73.88%, while ATR was 5.53. Given the Stochastic reading of 66.33% for the 14-day period, the RSI (14) reading has been calculated as 62.45%. As of today, the MACD Oscillator reading stands at -0.89, while the 14-day reading stands at 6.24.
Analyst Ratings
Northcoast upgraded its rating on The Boeing Company (NYSE: BA) to a Neutral in a note to investors on August 01, 2023. The analysts firm previously had a Sell rating on the stock.The Boeing Company (BA) has been rated Overweight by analysts. According to 1 brokerage firm, BA is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate The Boeing Company stock as buy, with 16 recommending it as overweight.
With a median target price of $257.50, the current consensus forecast for the stock is $210.00 – $310.00. Based on these forecasts, analysts predict The Boeing Company (BA) will achieve an average price target of $256.68.
