The Boeing Company [BA] fell -35.10% so far this year. What now?

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The Boeing Company [NYSE: BA] traded at a low on 06/01/22, posting a -0.57 loss after which it closed the day’ session at $130.65. The company report on May 25, 2022 that Boeing and Ethiopian Airlines Announce Order for Five 777 Freighters.


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— Africa’s largest cargo operator expands its 777 Freighter fleet to support near-term cargo demand.

Boeing [NYSE:BA] and Ethiopian Airlines today announced the carrier is further expanding its all-Boeing freighter fleet with an order for five 777 Freighters. The order is currently unidentified on Boeing’s orders and deliveries website.

The results of the trading session contributed to over 9955450 shares changing hands. Over the past one week, the price volatility of The Boeing Company stands at 4.04% while the volatility over the past one month is 5.58%.

The market cap for BA stock reached $74.67 billion, with 591.70 million shares outstanding and 591.07 million shares in the current float. Compared to the average trading volume of 10.24M shares, BA reached a trading volume of 9955450 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Boeing Company [BA]?

Wolfe Research have made an estimate for The Boeing Company shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on February 16, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $260 to $275. The new note on the price target was released on November 18, 2021, representing the official price target for The Boeing Company stock. Previously, the target price had yet another raise from $224 to $272, while Wells Fargo kept a Overweight rating on BA stock.

The Average True Range (ATR) for The Boeing Company is set at 7.36, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.22.

How has BA stock performed recently?

The Boeing Company [BA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.42. With this latest performance, BA shares dropped by -12.09% in over the last four-week period, additionally sinking by -33.97% over the last 6 months – not to mention a drop of -48.89% 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 41.95, with the RSI for the last a single of trading hit 47.57, and the three-weeks RSI is set at 39.52 for The Boeing Company [BA]. The present Moving Average for the last 50 days of trading for this stock 159.31, while it was recorded at 128.81 for the last single week of trading, and 196.75 for the last 200 days.

The Boeing Company [BA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Boeing Company [BA] shares currently have an operating margin of +0.10 and a Gross Margin at +10.41. The Boeing Company’s Net Margin is presently recorded at -6.75.

The Boeing Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 1.30.

Earnings analysis for The Boeing Company [BA]

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%.

Insider trade positions for The Boeing Company [BA]

There are presently around $43,155 million, or 55.40% of BA stock, in the hands of institutional investors. The top three institutional holders of BA stocks are: NEWPORT TRUST CO with ownership of 43,510,241, which is approximately -0.901% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 43,355,912 shares of the stock with an approximate value of $5.7 billion in BA stocks shares; and BLACKROCK INC., currently with $4.16 billion in BA stock with ownership of nearly 2.882% of the company’s market capitalization.

Positions in The Boeing Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,022 institutional holders increased their position in The Boeing Company [NYSE:BA] by around 24,649,792 shares. Additionally, 971 investors decreased positions by around 14,470,715 shares, while 321 investors held positions by with 289,307,814 shares. The mentioned changes placed institutional holdings at 328,428,321 shares, according to the latest SEC report filing. BA stock had 145 new institutional investments in for a total of 4,527,045 shares, while 160 institutional investors sold positions of 2,927,575 shares during the same period.

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