Boeing Co (NYSE:BA) traded at $173.17 at close of the session on Monday, December 16 and made an upward move of 2.07% on its previous day’s price.
Looking at the stock we see that its previous close was $169.65 and the beta (5Y monthly) reads 1.572 with the day’s price range being $166.1 – $175.2. In terms of its 52-week price range, BA has a high of $267.54 and a low of $137.03. The company’s stock has gained about 25.36% over that past 30 days.
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Boeing Co has a market cap of $130.92 billion and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 16.95B, with a low of 14.89B and a high of 21.27B. The median projection represents growth adding up to -23.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 68.13B, or -12.42% down from figures reported last year.
On the other hand, looking at the outlook for the BA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 21 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 12 rate it as a Buy. 1 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 11.08% off its SMA20 and 13.05% from its 50-day simple moving average. The RSI (14) is pointing at 72.11 while the volatility over the past week is 3.48% and jumps to 3.11% over the past one month. The beta value is 1.57, while the average true range (ATR) is currently pointing at 5.31. The average price target for the stock over the next 12 months is $200, with the estimates having a low of $109 and a high of $240. These price ends are 37.06% and -38.59% off the current price level respectively, although investors could be excited at the prospect of a -15.49% if the BA share price touches on the median price of $200.
Coming back to Boeing Co (NYSE:BA), we note that the average 3-month trading volume was 12.85 million, while that of the preceding 10-day period stands at 10.5 million. Current shares outstanding are 747.58 million.
The insiders hold 0.14% of the company’s shares while institutions hold 54.65%. The data shows that short shares as of 2024-11-29, stood at 20.79 million at a short ratio of 1.15. This represents a 278.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 18.89 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -33.56% down in year-to-date price movement.
