The Boeing Company [NYSE: BA] surged by $3.97 during the normal trading session on Wednesday and reaching a high of $170.57 during the day while it closed the day at $167.46.
The Boeing Company stock has also gained 4.15% of its value over the past 7 days. However, BA stock has declined by -13.03% in the 3 months of the year. Over the past six months meanwhile, it has gained 64.35% and lost -48.59% year-on date.
The market cap for BA stock reached $93.02 billion, with 566.40 million shares outstanding and 563.80 million shares in the current float. Compared to the average trading volume of 35.72M shares, BA reached a trading volume of 21799860 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about The Boeing Company [BA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BA shares is $174.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BA stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for The Boeing Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 08, 2020. The new note on the price target was released on September 03, 2020, representing the official price target for The Boeing Company stock.
The Average True Range (ATR) for The Boeing Company is set at 7.08, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.34.
BA stock trade performance evaluation
The Boeing Company [BA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.15. With this latest performance, BA shares dropped by -2.65% in over the last four-week period, additionally plugging by 64.35% over the last 6 months – not to mention a drop of -56.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BA stock in for the last two-week period is set at 48.37, with the RSI for the last a single of trading hit 50.67, and the three-weeks RSI is set at 48.40 for The Boeing Company [BA]. The present Moving Average for the last 50 days of trading for this stock 171.79, while it was recorded at 162.84 for the last single week of trading, and 215.47 for the last 200 days.
The Boeing Company [BA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and The Boeing Company [BA] shares currently have an operating margin of -2.53 and a Gross Margin at +5.87. The Boeing Company’s Net Margin is presently recorded at -0.83.
Return on Total Capital for BA is now -11.23, given the latest momentum, and Return on Invested Capital for the company is -5.45. Additionally, BA Total Debt to Total Capital is recorded at 143.27, with Total Debt to Total Assets ending up at 21.35.
Reflecting on the efficiency of the workforce at the company, The Boeing Company [BA] managed to generate an average of -$3,948 per employee. Receivables Turnover for the company is 5.71 with a Total Asset Turnover recorded at a value of 0.61.The Boeing Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for The Boeing Company [BA] stock
With the latest financial reports released by the company, The Boeing Company posted 1.45/share EPS, while the average EPS was predicted by analysts to be reported at 2.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -30.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Boeing Company go to 12.33%.
The Boeing Company [BA]: Insider Ownership positions
There are presently around $50,007 million, or 53.60% of BA stock, in the hands of institutional investors. The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 41,323,292, which is approximately -1.038% of the company’s market cap and around 0.13% of the total institutional ownership; NEWPORT TRUST CO, holding 34,302,591 shares of the stock with an approximate value of $5.74 billion in BA stocks shares; and BLACKROCK INC., currently with $5.48 billion in BA stock with ownership of nearly -1.651% of the company’s market capitalization.
Positions in The Boeing Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 894 institutional holders increased their position in The Boeing Company [NYSE:BA] by around 24,965,796 shares. Additionally, 964 investors decreased positions by around 76,674,201 shares, while 155 investors held positions by with 196,979,437 shares. The mentioned changes placed institutional holdings at 298,619,434 shares, according to the latest SEC report filing. BA stock had 224 new institutional investments in for a total of 4,769,158 shares, while 186 institutional investors sold positions of 9,278,407 shares during the same period.