The Boeing Company [BA] Is Currently 1.55 below its 200 Period Moving Avg: What Does This Mean?

The Boeing Company [NYSE: BA] gained 1.55% or 3.21 points to close at $209.97 with a heavy trading volume of 5474882 shares. The company report on January 18, 2023 that Boeing Awarded NASA Sustainable Flight Demonstrator Contract.

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It opened the trading session at $208.36, the shares rose to $211.09 and dropped to $206.99, the range by which the price of stock traded the whole day. The daily chart for BA points out that the company has recorded 32.76% gains over the past six months. However, it is still -85.78% lower than its most recent low trading price.

If we look at the average trading volume of 7.69M shares, BA reached to a volume of 5474882 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $210.63 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 2.00. 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.

Credit Suisse have made an estimate for The Boeing Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 12, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $213 to $220. The new note on the price target was released on January 10, 2023, representing the official price target for The Boeing Company stock. Previously, the target price had yet another raise from $209 to $222, while Citigroup kept a Buy rating on BA stock.

The Average True Range (ATR) for The Boeing Company is set at 5.40, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 2.04.

Trading performance analysis for BA stock

The Boeing Company [BA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.94. With this latest performance, BA shares gained by 11.51% in over the last four-week period, additionally plugging by 32.76% over the last 6 months – not to mention a drop of -1.97% 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 64.11, with the RSI for the last a single of trading hit 62.40, and the three-weeks RSI is set at 64.50 for The Boeing Company [BA]. The present Moving Average for the last 50 days of trading for this stock 188.44, while it was recorded at 208.93 for the last single week of trading, and 158.08 for the last 200 days.

The Boeing Company [BA]: A deeper dive into fundamental analysis

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 1.20.

An analysis of insider ownership at The Boeing Company [BA]

There are presently around $71,608 million, or 58.20% of BA stock, in the hands of institutional investors. The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 45,200,241, which is approximately 1.506% of the company’s market cap and around 0.10% of the total institutional ownership; NEWPORT TRUST CO, holding 44,977,130 shares of the stock with an approximate value of $9.44 billion in BA stocks shares; and BLACKROCK INC., currently with $6.8 billion in BA stock with ownership of nearly -0.876% 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 881 institutional holders increased their position in The Boeing Company [NYSE:BA] by around 19,704,182 shares. Additionally, 854 investors decreased positions by around 17,607,965 shares, while 291 investors held positions by with 303,726,603 shares. The mentioned changes placed institutional holdings at 341,038,750 shares, according to the latest SEC report filing. BA stock had 155 new institutional investments in for a total of 2,868,015 shares, while 145 institutional investors sold positions of 5,743,996 shares during the same period.

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