Boeing Co. [NYSE: BA] traded at a low on Monday, posting a -0.80 loss after which it closed the day’ session at $178.35.
The results of the trading session contributed to over 11799549 shares changing hands. Over the past one week, the price volatility of Boeing Co. stands at 3.64% while the volatility over the past one month is 3.05%.
The market cap for BA stock reached $109.49 billion, with 613.88 million shares outstanding and 612.73 million shares in the current float. Compared to the average trading volume of 7.81M shares, BA reached a trading volume of 11799549 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $220.38 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 1.97. 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.
Argus have made an estimate for Boeing Co. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 30, 2024. The new note on the price target was released on April 17, 2024, representing the official price target for Boeing Co. stock. Previously, the target price had yet another drop from $210 to $190, while BofA Securities kept a Neutral rating on BA stock.
The Average True Range (ATR) for Boeing Co. is set at 5.44, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.43. Price to Free Cash Flow for BA in the course of the last twelve months was 84.87 with Quick ratio for the last quarter at 0.25.
How has BA stock performed recently?
Boeing Co. [BA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.80. With this latest performance, BA shares dropped by -2.62% in over the last four-week period, additionally sinking by -7.11% over the last 6 months – not to mention a drop of -9.49% 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 52.82, with the RSI for the last a single of trading hit 59.16, and the three-weeks RSI is set at 48.46 for Boeing Co. [BA]. The present Moving Average for the last 50 days of trading for this stock 183.43, while it was recorded at 175.26 for the last single week of trading, and 207.80 for the last 200 days.
Boeing Co. [BA]: Deeper insight into the fundamentals
Boeing Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.25 and a Current Ratio set at 1.14.
Insider trade positions for 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%.
