When Would Be The Best Time To Buy Boeing Co. (NYSE: BA) Stock?

Boeing Co. (NYSE:BA) traded at $178.90 at close of the session on Monday, July 22, made a downward move of -0.43% on its previous day’s price.

Looking at the stock we see that its previous close was $179.67 . In terms of its 52-week price range, BA has a high of $267.54 and a low of $159.70. The company’s stock has gained about 1.47% over that past 30 days.

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Boeing Co. has a market cap of $110.11 billion. Estimates by analysts give the company expected earnings per share (EPS) of -1.65, with the EPS growth for the year raised at -2.18 for current year and -2.18 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 17.27B, with a low of 16.71B and a high of 19.16B.

Based on estimates by 22 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Boeing Co. (BA) stock as a Hold, while 14 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -1.81% off its SMA20 and -1.49% from its 50-day simple moving average. The RSI (14) is pointing at 44.97 while the volatility over the past week is 3.34% and jumps to 2.69% over the past one month. The beta value is 1.56, while the average true range (ATR) is currently pointing at 4.98. The average price target for the stock over the next 12 months is $225, with the estimates having a low of $85 and a high of $298. These price ends are 52.49% and -66.57% off the current price level respectively, although investors could be excited at the prospect of a -25.77% if the BA share price touches on the median price of $225.

Coming back to Boeing Co. (NYSE:BA), we note that the average 3-month trading volume was 6.44 million, while that of the preceding 10-day period stands at 5.15 million. Current shares outstanding are 615.47 million.

The insiders hold 0.18% of the company’s shares while institutions hold 63.69%. The data shows that short shares as of 2024-06-28, stood at 14.31 million at a short ratio of 2.44. This represents a 2.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.332.33 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 11.82 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -31.37% down in year-to-date price movement.

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