Boeing Co (NYSE:BA) price on current trading day, fall -0.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $156.65.
A look at the stock’s price movement, the level at last check in today’s session was $156.67, moving within a range at $156.45 and $158.9533. The beta value (5-Year monthly) was 1.572. Turning to its 52-week performance, $267.54 and $137.03 were the 52-week high and 52-week low respectively. Overall, BA moved 6.45% over the past month.
Boeing Co’s market cap currently stands at around $117.11 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 17.1B for the company’s revenue for the quarter, with a low and high estimate of 14.56B and 21.27B respectively. The average forecast suggests down to a -22.36% 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 68.25B, representing a -12.26% 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 4.88% and 3.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.54, while 7-day volatility ratio is 2.78% and 3.09% in the 30-day chart. Further, Boeing Co (BA) has a beta value of 1.57, and an average true range (ATR) of 4.45. Analysts have given the company’s stock an average 52-week price target of $200, forecast between a low of $109 and high of $240. Looking at the price targets, the low is 30.42% off recent price level in today’s trading while to achieve the yearly target high, it has to move -53.21%. Nonetheless, investors will most likely welcome a -27.67% jump to $200 which is the analysts’ median price.
If we refocus on Boeing Co (NYSE:BA), historical trading data shows that trading volumes averaged 8.58 over the past 10 days and 12.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 747.58 million shares.
The 0.14% of Boeing Co’s shares are in the hands of company insiders while institutional holders own 54.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.55 million on 2024-11-15, giving us a short ratio of 1.23. The data shows that as of 2024-11-15 short interest in Boeing Co (BA) stood at 301.0 of shares outstanding, with shares short rising to 14.42 million registered in 2024-10-15. Current price change has pushed the stock -39.90% 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.
