The Boeing Company (NYSE:BA) saw an upside of 1.25% to close Tuesday at $230.07 after adding $2.85 on the day. The 5-day average trading volume is 3,192,640 shares of the company’s common stock. It has gained $234.67 in the past week and touched a new high 1 time within the past 5 days. An average of 5,463,890 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,333,314.
BA’s 1-month performance is 6.58% or $18.27 on its low of $210.81 reached on 07/25/23. The company’s shares have touched a 52-week low of $120.99 and high of $243.10, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, BA has achieved 20.78% or $39.58 and has reached a new high 14 times. However, the current price is down -5.36% from the 52-week high price.
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Insider Transactions
BA stock investors last saw insider trading activity on Aug 01.COLBERT THEODORE III (EVP, Pres. & CEO, BDS) most recently sold 8,500 shares at $238.37 per share on Aug 01. This transaction cost the insider $2,026,136. Chief Engineer & EVP, ET&T, McKenzie Howard E, sold 412 shares at a price of $204.36 on May 01.
Valuation Metrics
BA stock has a beta of 1.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.87 while the price to cash flow ratio at 17.56.
The Boeing Company’s quick ratio for the period ended June 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 6.70%. The trailing 12-month EBITDA margin is -2.36% while for the period ending June 29, The Boeing Company’s operating margin was -4.60%. The firm’s gross profit as reported stood at $3.53 billion against revenue of $66.61 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 229.53% to -$149.0 million, while revenue of -$414.0 million was -177.85% off the previous quarter. Analysts expected BA to announce -$0.88 per share in earnings in its latest quarter, but it posted -$0.82, representing a 6.80% surprise. EBITDA for the quarter stood at more than $357.0 million. BA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 150.27 billion, with total debt at $52.27 billion. Shareholders hold equity totaling $603.2 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 22 August was 50.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.75%.
The stock’s 5-day moving average is $227.69, reflecting a -0.94% or -$2.19 change from its current price. BA is currently trading +7.45% above its 20-day SMA, +10.63% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.87% and SMA200 by+56.07%.
Stochastic %K and %D was 31.07% and 19.22% and the average true range (ATR) pointed at 4.78. The RSI (14) points at 53.20%, while the 14-day stochastic is at 42.16% with the period’s ATR at 4.92. The stock’s 9-day MACD Oscillator is pointing at -3.28 and -4.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Boeing Company (NYSE: BA), Northcoast upgraded it to a Neutral rating. They previously had a Sell 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 9 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 $210.00 and a high of $310.00, with their median price target at $261.45. Looking at these predictions, the average price target given by analysts is for The Boeing Company (BA) stock is $258.77.
