Boeing Co. (NYSE:BA) finished Thursday with a subtraction of -$5.03 to close at $190.43, a downside of -2.57 percent. An average of 4,734,100 shares of common stock have been traded in the last five days. There was a fall of -$9.52 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 4,462,435 shares traded, while the 50-day average volume stands at 5,119,056.
BA stock has decreased by -16.20% in the last month. The company shares reached their 1-month lowest point of $190.03 on 09/28/23. 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 lost -0.03% or -$0.06 in price. In spite of this, the price is down -21.67% from the 52-week high.
Insider Transactions
BA stock investors should be aware that Boeing Co. (BA) stock had its last reported insider trading activity 59 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
Boeing Co. (BA) stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.56, and the price-to-cash flow ratio at 14.67.
Financial Health
The quick ratio of Boeing Co. for the three months ended June 29 was 0.32, and the current ratio was 1.17, indicating that the company is not able to meet its debt obligations. Boeing Co.’s EBITDA margin for the year ending June 29 is -2.36%, while its operating margin for the same period stands at -4.64%. Its gross profit as reported stood at $3.53 billion compared to revenue of $66.61 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Boeing Co.’s return on assets was -3.31%.
Earnings Surprise
For the three-month period that ended June 29, Boeing Co. 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 Boeing Co.’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 Boeing Co. (BA) price momentum. RSI 9-day as of the close on 28 September was 11.53%, suggesting the stock is oversold, with historical volatility in this time frame at 11.26%.
As of today, BA’s price is $195.60 -4.76% or -$9.52 from its 5-day moving average. BA is currently trading -16.79% lower than its 20-day SMA and -3.99% lower than its 100-day SMA. However, the stock’s current price level is -8.71% below the SMA50 and +6.07% above the SMA200.
The stochastic %K and %D were 5.00% and 6.47%, respectively, and the average true range (ATR) was 4.21. With the 14-day stochastic at 1.65% and the average true range at 4.41, the RSI (14) stands at 19.09%. The stock has reached -5.04 on the 9-day MACD Oscillator while the 14-day reading was at -8.81.
Analyst Ratings
Deutsche Bank launched coverage on Boeing Co. (NYSE: BA) in its analyst report released on September 28, 2023. The firm assigned the stock a Hold rating.
