Boeing Co. (NYSE:BA) price on Thursday, June 20, rose 0.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $176.30.
A look at the stock’s price movement, the close in the last trading session was $174.99. Turning to its 52-week performance, $267.54 and $159.70 were the 52-week high and 52-week low respectively. Overall, BA moved -5.52% over the past month.
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Boeing Co.’s market cap currently stands at around $108.23 billion.
Analysts have a consensus estimate of 16.71B for the company’s revenue for the quarter, with a low and high estimate of 14.91B and 18.78B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 73.21B, representing a -5.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BA is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
BA’s current price about -2.84% and -0.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.71, while 7-day volatility ratio is 2.61% and 2.87% in the 30-day chart. Further, Boeing Co. (BA) has a beta value of 1.55, and an average true range (ATR) of 4.99.
If we refocus on Boeing Co. (NYSE:BA), historical trading data shows that trading volumes averaged 6.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 613.88 million shares.
The 0.18% of Boeing Co.’s shares are in the hands of company insiders while institutional holders own 63.88% of the company’s shares. Current price change has pushed the stock -32.36% 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.
