The Boeing Company (BA) Is A Lucrative Stock To Invest In. – Stocks Register
Home  »  Business   »  The Boeing Company (BA) Is A Lucrative Stock To In...

The Boeing Company (BA) Is A Lucrative Stock To Invest In.

The Boeing Company (NYSE:BA) price on Thursday, August 26, fall -0.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $219.03.

A look at the stock’s price movement, the level at last check in today’s session was $221.03, moving within a range at $219.10 and $222.30. The beta value (5-Year monthly) was 1.69. Turning to its 52-week performance, $278.57 and $141.58 were the 52-week high and 52-week low respectively. Overall, BA moved -0.56% over the past month.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The Boeing Company’s market cap currently stands at around $129.25 billion, with investors looking forward to this quarter’s earnings report slated for Oct 26, 2021 – Nov 01, 2021. Analysts project the company’s earnings per share (EPS) to be $0.13, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.42 and about $5.94 for fiscal year 2022. Per the data, EPS growth is expected to be 96.50% for 2021 and 1,514.30% for the next financial year.

Analysts have a consensus estimate of $19.49 billion for the company’s revenue for the quarter, with a low and high estimate of $16.48 billion and $23.23 billion respectively. The average forecast suggests up to a 37.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $76.15 billion, representing a 30.90% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BA is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

26 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 11 recommend BA as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

BA’s current price about -3.46% and -4.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.67, while 7-day volatility ratio is 2.02% and 2.31% in the 30-day chart. Further, The Boeing Company (BA) has a beta value of 1.63, and an average true range (ATR) of 5.92. Analysts have given the company’s stock an average 52-week price target of $273.77, forecast between a low of $210.00 and high of $314.00. Looking at the price targets, the low is 4.12% off recent price level in today’s trading while to achieve the yearly target high, it has to move -43.36%. Nonetheless, investors will most likely welcome a -24.18% jump to $272.00 which is the analysts’ median price.

In the market, a comparison of The Boeing Company (BA) and its peers suggest the former has performed considerably weaker. Data shows BA’s intraday price has changed -0.90% today and 26.50% over the past year. Comparatively, Raytheon Technologies Corporation (RTX) has moved -0.65% so far today and only 40.66% in the past 12 months. Moreover, TransDigm Group Incorporated (TDG) is also down -1.21% in today’s trading while keeping a an uptrend of 24.27% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.36% and -0.18% respectively on the day as seen in early trades.

If we refocus on The Boeing Company (NYSE:BA), historical trading data shows that trading volumes averaged 10.14 million over the past 10 days and 11.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 587.10 million shares.

>> 7 Top Picks for the Post-Pandemic Economy <<

The 0.10% of The Boeing Company’s shares are in the hands of company insiders while institutional holders own 54.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.86 million on Apr 14, 2021, giving us a short ratio of 0.57. The data shows that as of Apr 14, 2021 short interest in The Boeing Company (BA) stood at 1.69% of shares outstanding, with shares short falling to 11.18 million registered in Mar 14, 2021. Current price change has pushed the stock 3.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BA stock continues to rise going into the next quarter.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam