The stock of The Boeing Company (NYSE:BA) decreased by -$4.45 on Tuesday to finish at $232.26, down -1.88 percent. The last five days have seen an average of 3,219,060 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $41.77. The average number of shares traded over the last 20 days was 5,968,955, while the average volume over the last 50 days totaled 5,755,672.
BA stock appreciated 9.62% since last month. On 07/19/23, the company’s shares reached a one-month low of $208.24. The stock touched a high of $243.10 on 08/01/23, after rallying from a low of $120.99 in 52 weeks. The price of BA stock has risen by 21.93% or $41.77 this year, reaching a new high 14 times. Still, the stock price is down -4.46% from the 52-week high.
Insider Transactions
BA stock investors should be aware that The Boeing Company (BA) stock had its last reported insider trading activity 15 days ago on Aug 01. On Aug 01, EVP, Pres. & CEO, BDS COLBERT THEODORE III sold 8,500 shares at $238.37 each. This transaction resulted in the insider making $2,026,136. On Jul 31, MOLLENKOPF STEVEN M added 850 shares at a price of US$237.00. After the transaction, the insider now owns 3,767 shares. Chief Engineer & EVP, ET&T McKenzie Howard E had earlier sold 412 shares on May 01 for $204.36 a share. The transaction was completed for $84,196.
Valuation Metrics
Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.92, and the price-to-cash flow ratio of 18.09.
Company paid $2.0550 per share in dividends, remained unchanged from $2.0550 last year.
Financial Health
For the three months ended June 29, The Boeing Company’s quick ratio was 0.30, while its current ratio was 1.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 6.70% percent. The Boeing Company’s EBITDA margin for the year ended June 29 was -2.36%, whereas its operating margin stood at -4.60% for the same period. Based on annual data, it had gross profit of $3.53 billion and revenue of $66.61 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BA’s return on assets (ROA) during the last 12 months has been -3.30%. There was a -8.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 27.70%.
Earnings Surprise
According to The Boeing Company’s quarterly financial report for the quarter that ended June 29, it had $47.66 billion in total debt versus $6.51 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $19.75 billion, while revenues rose by 15.54% to $17.92 billion. It was predicted that The Boeing Company’s quarterly earnings would be -$0.82, but it ended up being -$0.88, beating the consensus by 6.80%. EBITDA was $357.0 million for the quarter. At the end of The Boeing Company’s most recent quarter ended June 29, its liabilities totaled 150.27 billion, while its total debt was $52.27 billion. Equity owned by shareholders amounts to $603.2 million.
Technical Picture
Here’s a quick look at The Boeing Company’s (BA) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 51.24%, suggesting the stock is Neutral, with a 19.48% historical volatility rate.
The stochastic %K and %D were 54.64% and 71.34% respectively, while the average true range (ATR) was 4.96. Based on the 14-day stochastic reading of 16.74%, the RSI (14) reading is 56.36%. On the 9-day MACD Oscillator, the stock is at -0.64, and the 14-day reading is at -0.85.
Analyst Ratings
In its most recent analyst report, Northcoast raised its rating on The Boeing Company (NYSE: BA) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned The Boeing Company (BA) an Overweight rating. BA is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 16 others recommend it as a buy.
What is BA’s price target for the next 12 months?
The current consensus forecast for the stock is between $210.00 and $310.00, with a median target price of $261.45. In analyzing these forecasts, the average price target given by analysts for The Boeing Company (BA) is $258.77.
