What should you know before buying stock in Boeing Co. (BA)

Boeing Co. (NYSE: BA) is -19.74% lower on its value in year-to-date trading and has touched a low of $176.25 and a high of $267.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BA stock was last observed hovering at around $209.22 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $209.20, the stock is -0.16% and -9.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing -0.01% at the moment leaves the stock -2.37% off its SMA200. BA registered -2.01% loss for a year compared to 6-month loss of -12.20%. The firm has a 50-day simple moving average (SMA 50) of $2.11 and a 200-day simple moving average (SMA200) of $70.96.

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The stock witnessed a -8.18% gain in the last 1 month and extending the period to 3 months gives it a 9.05%, and is -0.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.51% over the week and 3.02% over the month.

Boeing Co. (BA) has around Feb 13 2020 employees, a market worth around $127.64B and $77.79B in sales. Fwd P/E is 26.00. Profit margin for the company is -2.86%. Distance from 52-week low is 18.70% and -21.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.08%).

Boeing Co. quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $20.11B over the same period.The EPS is expected to grow by 161.50% this year, but quarterly earnings will post 15.40% year-over-year. Quarterly sales are estimated to grow 14.50% in year-over-year returns.

Boeing Co. (BA) Top Institutional Holders

2,730 institutions hold shares in Boeing Co. (BA), with institutional investors hold 63.32% of the company’s shares. The shares outstanding are 609.52M, and float is at 609.19M with Short Float at 1.59%. Institutions hold 63.27% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 47.25 million shares valued at $9.98 billion. The investor’s holdings represent 7.85% of the BA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 36.82 million shares valued at $7.77 billion to account for 6.12% of the shares outstanding. The other top investors are Newport Trust Company, LLC which holds 34.57 million shares representing 5.75% and valued at over $7.3 billion, while State Street Corporation holds 4.39% of the shares totaling 26.42 million with a market value of $5.58 billion.

Boeing Co. (BA) Insider Activity

A total of 0 insider transactions have happened at Boeing Co. (BA) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by COLBERT THEODORE III ,the company’sEVP, Pres. & CEO, BDS. SEC filings show that COLBERT THEODORE III sold 8,500 shares of the company’s common stock on Aug 01 at a price of $238.37 per share for a total of $2.03 million. Following the sale, the insider now owns 59255.0 shares.

Boeing Co. disclosed in a document filed with the SEC on Jul 31 that MOLLENKOPF STEVEN M (Director) bought a total of 850 shares of the company’s common stock. The trade occurred on Jul 31 and was made at $237.00 per share for $0.2 million. Following the transaction, the insider now directly holds 3767.0 shares of the BA stock.

Still, SEC filings show that on May 01, McKenzie Howard E (Chief Engineer & EVP, ET&T) disposed off 412 shares at an average price of $204.36 for $84196.0. The insider now directly holds 17,181 shares of Boeing Co. (BA).

Boeing Co. (BA): Who are the competitors?

The company’s main competitors (and peers) include RTX Corp. (RTX) that is trading -9.99% down over the past 12 months. SAFRAN S.A. (SAF) that is 55.29% higher over the same period.