Boeing Co. [NYSE: BA] gained 3.11% or 4.82 points to close at $159.82 with a heavy trading volume of 13235142 shares.
The daily chart for BA points out that the company has recorded -6.25% loss over the past six months.
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If we look at the average trading volume of 7.64M shares, BA reached to a volume of 13235142 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 $195.12 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.
Bernstein have made an estimate for Boeing Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 17, 2024. The new note on the price target was released on October 15, 2024, representing the official price target for Boeing Co. stock. Previously, the target price had yet another drop from $185 to $119, while Wells Fargo kept a Underweight rating on BA stock. On August 05, 2024, analysts decreased their price target for BA shares from 222 to 207.
The Average True Range (ATR) for Boeing Co. is set at 4.53, with the Price to Sales ratio for BA stock in the period of the last 12 months amounting to 1.34.
Trading performance analysis for BA stock
Boeing Co. [BA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.27. With this latest performance, BA shares gained by 4.26% in over the last four-week period, additionally sinking by -6.25% over the last 6 months – not to mention a drop of -12.57% 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 56.05, with the RSI for the last a single of trading hit 63.36, and the three-weeks RSI is set at 51.79 for Boeing Co. [BA]. The present Moving Average for the last 50 days of trading for this stock 160.81, while it was recorded at 155.48 for the last single week of trading, and 181.47 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 0.30 and a Current Ratio set at 1.18.
Boeing Co. [BA]: An earnings per share (EPS) analysis
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.
An analysis of Institutional ownership at Boeing Co. [BA]
There are presently around $67.52%, or 67.61%% 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%.
