Boeing Co. (BA) Is Worth Accumulating At Current Levels

Boeing Co. (NYSE:BA) at last check was buoying at $155.38 on current market day with a rise of 0.31% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $154.90 and 5Y monthly beta was reading 1.569 with its price kept floating in the range of $154.66 and $157.14 on the day. Considering stock’s 52-week price range provides that BA hit a high price of $267.54 and saw its price falling to a low level of $146.02 during that period. Over a period of past 1-month, stock came adding 0.17% in its value.

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In contrast, when we review BA stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

According to ratings assigned by 21 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 5 of them are recommending Boeing Co. (BA) as a Hold, while 12 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 1, whereas 3 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the BA stock which is currently positioned at 0. It further provides that stock’s current price level is 1.47% away from its 20-day simple moving average and is -3.64% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 49.83 while volatility remained at 2.82% over the past week which changes to 2.54% when measuring it over the past month. Beta is valued at 1.57, while measure of average true range or ATR is currently at 4.32. In predicting price targets of as low as $119 and as high as $250, analysts are in agreement on assigning the stock over the next 12 months average price target of $209.5. Stock’s current price level is 23.41% above from estimated low price target while it is -60.9% below the estimated high; and even if the BA’s share succeeded to reach the median price of $209.5, then the outlook of -34.83% could come to the excitement of the investors.

Having a second look at Boeing Co. (NYSE:BA) provides that stock’s average daily trading volume for 3 months was 7.61 million, while it jumped to 8774850 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 616.17 million.

The percentage of outstanding shares held by the insiders is 0.16% while it is 68.03% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 12.75 million which implies a short ratio of 1.37. This shows up a 207.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 12.34 million in the previous month. Subtraction of -40.39% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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