The Boeing Company (NYSE:BA) finished Friday with an addition of $6.1 to close at $223.41, an upside of 2.81 percent. An average of 6,046,160 shares of common stock have been traded in the last five days. There was a fall of -$3.24 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 4,487,985 shares traded, while the 50-day average volume stands at 5,431,332.
BA stock has decreased by -4.42% in the last month. The company shares reached their 1-month lowest point of $212.88 on 08/25/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $120.99 and a high of $243.10 in 52 weeks. It has reached a new high 14 times so far this year and achieved 17.28% or $32.92 in price. In spite of this, the price is down -8.10% 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 25 days ago on Aug 01. In this transaction, the insider spent $2,026,136. Chief Engineer & EVP, ET&T, McKenzie Howard E, disposed of 412 shares at a price of $204.36 on May 01. The insider now owns more than $84,196 worth of shares.
Valuation Metrics
The Boeing Company (BA) stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.81, and the price-to-cash flow ratio at 17.05.
Financial Health
The quick ratio of The Boeing Company for the three months ended June 29 was 0.30, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. The Boeing Company’s EBITDA margin for the year ending June 29 is -2.36%, while its operating margin for the same period stands at -4.60%. Its gross profit as reported stood at $3.53 billion compared to revenue of $66.61 billion.
Earnings Surprise
For the three-month period that ended June 29, The Boeing Company had $47.66 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 -$149.0 million in the quarter, while revenues were grew 229.53%. The analyst consensus anticipated The Boeing Company’s latest quarter earnings to come in at -$0.88 per share, but it turned out to be -$0.82, a 6.80% surprise. For the quarter, EBITDA amounted to $357.0 million. Shareholders own equity worth $603.2 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 25 August was 42.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.17%.
As of today, BA’s price is $225.32 -1.43% or -$3.24 from its 5-day moving average. BA is currently trading -6.40% lower than its 20-day SMA and +3.72% higher than its 100-day SMA. However, the stock’s current price level is +3.00% above the SMA50 and +35.47% above the SMA200.
The stochastic %K and %D were 24.09% and 28.30%, respectively, and the average true range (ATR) was 6.00. With the 14-day stochastic at 36.69% and the average true range at 5.69, the RSI (14) stands at 45.94%. The stock has reached -3.57 on the 9-day MACD Oscillator while the 14-day reading was at -7.37.
Analyst Ratings
Northcoast upgraded The Boeing Company (NYSE: BA) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for The Boeing Company (BA) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BA, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 15 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 $210.00 and $310.00, with a median target of $261.45. Taking a look at these predictions, the average price target given by analysts for The Boeing Company (BA) stock is $258.77.
