Boeing Co. [NYSE: BA] loss -1.02% or -1.73 points to close at $167.82 with a heavy trading volume of 6441184 shares.
The daily chart for BA points out that the company has recorded -12.27% loss over the past six months.
If we look at the average trading volume of 9.44M shares, BA reached to a volume of 6441184 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 Boeing Co. [BA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BA shares is $235.25 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 1.87. 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.
BofA Securities have made an estimate for Boeing Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2024. The new note on the price target was released on April 01, 2024, representing the official price target for Boeing Co. stock. On January 25, 2024, analysts decreased their price target for BA shares from 255 to 225.
The Average True Range (ATR) for Boeing Co. is set at 4.45, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.32. Price to Free Cash Flow for BA in the course of the last twelve months was 23.10 with Quick ratio for the last quarter at 0.31.
Trading performance analysis for BA stock
Boeing Co. [BA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.57. With this latest performance, BA shares dropped by -7.36% in over the last four-week period, additionally sinking by -12.27% over the last 6 months – not to mention a drop of -21.43% 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 23.45, with the RSI for the last a single of trading hit 16.65, and the three-weeks RSI is set at 28.01 for Boeing Co. [BA]. The present Moving Average for the last 50 days of trading for this stock 193.83, while it was recorded at 172.70 for the last single week of trading, and 210.94 for the last 200 days.
Boeing Co. [BA]: A deeper dive into fundamental analysis
Boeing Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 1.14.
An analysis of Institutional ownership at Boeing Co. [BA]
The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BA stock with ownership which is approximately 5.8386%.
