Boeing Co (NYSE:BA) price on current trading day, rose 2.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $169.68.
A look at the stock’s price movement, the level at last check in today’s session was $166.20, moving within a range at $166.6 and $170.63. The beta value (5-Year monthly) was 1.572. Turning to its 52-week performance, $217.59 and $137.03 were the 52-week high and 52-week low respectively. Overall, BA moved 0.01% over the past month.
Boeing Co’s market cap currently stands at around $126.95 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 16.8B for the company’s revenue for the quarter, with a low and high estimate of 14.89B and 21.27B respectively. The average forecast suggests down to a -23.70% 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 68B, representing a -12.59% 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% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -2.32% and 5.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.42, while 7-day volatility ratio is 3.14% and 3.10% in the 30-day chart. Further, Boeing Co (BA) has a beta value of 1.53, and an average true range (ATR) of 5.24. 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 35.76% off recent price level in today’s trading while to achieve the yearly target high, it has to move -41.44%. Nonetheless, investors will most likely welcome a -17.87% 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 8.4 over the past 10 days and 13.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 748.18 million shares.
The 0.14% of Boeing Co’s shares are in the hands of company insiders while institutional holders own 54.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 25.06 million on 2024-12-31, giving us a short ratio of 2.21. The data shows that as of 2024-12-31 short interest in Boeing Co (BA) stood at 335.0 of shares outstanding, with shares short rising to 20.79 million registered in 2024-11-29. Current price change has pushed the stock -4.14% 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.
