The Boeing Company [NYSE: BA] surged by $4.16 during the normal trading session on Friday and reaching a high of $218.32 during the day while it closed the day at $215.50. The company report on January 6, 2022 that Atlas Air Worldwide Purchases Four Boeing 777 Freighters.
– Global cargo carrier’s first direct purchase of 777 Freighter will grow its fleet to 18 777s.
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– Adding capacity to meet growing e-commerce and express cargo demand.
The Boeing Company stock has also gained 7.04% of its value over the past 7 days. However, BA stock has declined by -4.81% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.56% and gained 7.04% year-on date.
The market cap for BA stock reached $124.20 billion, with 589.00 million shares outstanding and 587.15 million shares in the current float. Compared to the average trading volume of 9.64M shares, BA reached a trading volume of 9432658 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]:
JP Morgan have made an estimate for The Boeing Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 18, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $224 to $272. The new note on the price target was released on November 17, 2021, representing the official price target for The Boeing Company stock. Previously, the target price had yet another raise to $275, while RBC Capital Mkts analysts kept a Outperform rating on BA stock. On September 29, 2021, analysts increased their price target for BA shares from 252 to 279.
The Average True Range (ATR) for The Boeing Company is set at 6.81, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.96.
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 7.04. With this latest performance, BA shares gained by 2.12% in over the last four-week period, additionally sinking by -9.56% over the last 6 months – not to mention a rise of 2.67% 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 60.35, with the RSI for the last a single of trading hit 66.89, and the three-weeks RSI is set at 56.32 for The Boeing Company [BA]. The present Moving Average for the last 50 days of trading for this stock 208.38, while it was recorded at 212.28 for the last single week of trading, and 225.45 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 -10.79 and a Gross Margin at +1.74. The Boeing Company’s Net Margin is presently recorded at -20.41.
Return on Total Capital for BA is now -18.70, given the latest momentum, and Return on Invested Capital for the company is -41.67. Additionally, BA Total Debt to Total Capital is recorded at 139.29, with Total Debt to Total Assets ending up at 42.68.
Reflecting on the efficiency of the workforce at the company, The Boeing Company [BA] managed to generate an average of -$84,206 per employee. Receivables Turnover for the company is 5.16 with a Total Asset Turnover recorded at a value of 0.41.The Boeing Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for The Boeing Company [BA] stock
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 20.17%.
The Boeing Company [BA]: Insider Ownership positions
There are presently around $67,207 million, or 53.30% of BA stock, in the hands of institutional investors. The top three institutional holders of BA stocks are: NEWPORT TRUST CO with ownership of 43,855,318, which is approximately -0.432% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 42,917,783 shares of the stock with an approximate value of $9.25 billion in BA stocks shares; and BLACKROCK INC., currently with $6.61 billion in BA stock with ownership of nearly -0.476% of the company’s market capitalization.
Positions in The Boeing Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 876 institutional holders increased their position in The Boeing Company [NYSE:BA] by around 12,636,776 shares. Additionally, 982 investors decreased positions by around 15,129,545 shares, while 335 investors held positions by with 284,097,329 shares. The mentioned changes placed institutional holdings at 311,863,650 shares, according to the latest SEC report filing. BA stock had 109 new institutional investments in for a total of 2,763,776 shares, while 140 institutional investors sold positions of 1,976,212 shares during the same period.