Boeing Co. [NYSE: BA] traded at a high on Friday, posting a 3.00 gain after which it closed the day’ session at $151.02.
The results of the trading session contributed to over 10155913 shares changing hands. Over the past one week, the price volatility of Boeing Co. stands at 2.36% while the volatility over the past one month is 2.57%.
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The market cap for BA stock reached $93.05 billion, with 616.17 million shares outstanding and 615.16 million shares in the current float. Compared to the average trading volume of 7.36M shares, BA reached a trading volume of 10155913 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 $202.38 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 2.14. 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.
Wells Fargo have made an estimate for Boeing Co. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 03, 2024. While these analysts kept the previous recommendation, Bernstein dropped their target price from $222 to $207. The new note on the price target was released on August 05, 2024, representing the official price target for Boeing Co. stock.
The Average True Range (ATR) for Boeing Co. is set at 4.44, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.27.
How has BA stock performed recently?
Boeing Co. [BA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.57. With this latest performance, BA shares dropped by -7.22% in over the last four-week period, additionally sinking by -10.93% over the last 6 months – not to mention a drop of -22.98% 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 42.62, with the RSI for the last a single of trading hit 44.00, and the three-weeks RSI is set at 42.20 for Boeing Co. [BA]. The present Moving Average for the last 50 days of trading for this stock 162.32, while it was recorded at 151.51 for the last single week of trading, and 184.46 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 0.30 and a Current Ratio set at 1.18.
Earnings analysis for Boeing Co. [BA]
With the latest financial reports released by the company, Boeing Co. posted -2.97/share EPS, while the average EPS was predicted by analysts to be reported at -2.7/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.27. 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.
Insider trade positions for Boeing Co. [BA]
There are presently around $67.55%, or 67.64%% of BA stock, in the hands of institutional investors. The top three institutional holders of BA stocks are: VANGUARD GROUP INC with ownership of 50.93 million shares, which is approximately 8.3103%. BLACKROCK INC., holding 36.29 million shares of the stock with an approximate value of $$6.61 billion in BA stocks shares; and BLACKROCK INC., currently with $$5.76 billion in BA stock with ownership which is approximately 5.1624%.
