Boeing Co. (NYSE:BA) price on current trading day, rose 0.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $173.60.
A look at the stock’s price movement, the level at last check in today’s session was $173.43, moving within a range at $173.0 and $175.2. The beta value (5-Year monthly) was 1.561. Turning to its 52-week performance, $267.54 and $159.70 were the 52-week high and 52-week low respectively. Overall, BA moved -3.60% over the past month.
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Boeing Co.’s market cap currently stands at around $106.96 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-23.
Analysts have a consensus estimate of 20.28B for the company’s revenue for the quarter, with a low and high estimate of 17.79B and 22.35B respectively. The average forecast suggests up to a 22.80% 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 to grow to 76.85B, representing a -1.20% 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 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
21 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 5 analyst(s) rate the stock as a Hold, 12 recommend BA as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BA’s current price about -0.73% and -2.94% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.85, while 7-day volatility ratio is 2.84% and 3.44% in the 30-day chart. Further, Boeing Co. (BA) has a beta value of 1.58, and an average true range (ATR) of 5.55. Analysts have given the company’s stock an average 52-week price target of $225, forecast between a low of $85 and high of $298. Looking at the price targets, the low is 51.04% off recent price level in today’s trading while to achieve the yearly target high, it has to move -71.66%. Nonetheless, investors will most likely welcome a -29.61% jump to $225 which is the analysts’ median price.
If we refocus on Boeing Co. (NYSE:BA), historical trading data shows that trading volumes averaged 5.53 over the past 10 days and 6.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 616.17 million shares.
The 0.25% of Boeing Co.’s shares are in the hands of company insiders while institutional holders own 67.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.22 million on 2024-07-31, giving us a short ratio of 2.07. The data shows that as of 2024-07-31 short interest in Boeing Co. (BA) stood at 198.00000000000003 of shares outstanding, with shares short falling to 14.31 million registered in 2024-06-28. Current price change has pushed the stock -33.40% 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.
