The Boeing Company [NYSE: BA] price plunged by -2.08 percent to reach at -$4.62. The company report on September 5, 2023 at 2:13 PM that Boeing, Aviation Capital Group Finalize Order For 13 737 MAX Jets.
– Lessor grows and diversifies order book with new 737-8 and 737-10 jets- Boeing 737-10 order momentum continues; more than 800 unfilled orders for 737 MAX family’s largest jet.
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Boeing [NYSE: BA] and Aviation Capital Group LLC (ACG) announced today the airplane lessor has finalized an order for 13 737 MAX jets, increasing the lessor’s order book to 47 737 MAXs.
A sum of 4228144 shares traded at recent session while its average daily volume was at 5.54M shares. The Boeing Company shares reached a high of $222.7878 and dropped to a low of $216.4249 until finishing in the latest session at $217.95.
The one-year BA stock forecast points to a potential upside of 13.58. The average equity rating for BA stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $252.20 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.
Northcoast have made an estimate for The Boeing Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 01, 2023.
The Average True Range (ATR) for The Boeing Company is set at 5.34, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.79. Price to Free Cash Flow for BA in the course of the last twelve months was 16.84 with Quick ratio for the last quarter at 0.30.
BA Stock Performance Analysis:
The Boeing Company [BA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.09. With this latest performance, BA shares dropped by -8.52% in over the last four-week period, additionally plugging by 4.82% over the last 6 months – not to mention a rise of 43.56% 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 39.84, with the RSI for the last a single of trading hit 34.02, and the three-weeks RSI is set at 43.89 for The Boeing Company [BA]. The present Moving Average for the last 50 days of trading for this stock 223.42, while it was recorded at 223.36 for the last single week of trading, and 207.76 for the last 200 days.
Insight into The Boeing Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and The Boeing Company [BA] shares currently have an operating margin of -5.34 and a Gross Margin at +5.20. The Boeing Company’s Net Margin is presently recorded at -7.41.
Return on Total Capital for BA is now -8.12, given the latest momentum, and Return on Invested Capital for the company is -12.29. Additionally, BA Total Debt to Total Capital is recorded at 137.20, with Total Debt to Total Assets ending up at 42.73.
Reflecting on the efficiency of the workforce at the company, The Boeing Company [BA] managed to generate an average of -$31,635 per employee. Receivables Turnover for the company is 5.87 with a Total Asset Turnover recorded at a value of 0.48.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.
The Boeing Company [BA] Institutonal Ownership Details
The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in BA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in BA stock with ownership which is approximately 5.7381%.
