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Is Boeing Co. (BA) a good stock to buy now?

Boeing Co. (NYSE: BA) is -27.30% 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 $192.99 in the last trading session, with the day’s loss setting it -3.49%.

Currently trading at $189.50, the stock is -0.68% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.09 million and changing -1.81% at the moment leaves the stock -10.93% off its SMA200. BA registered -8.88% loss for a year compared to 6-month gain of -0.49%. The firm has a 50-day simple moving average (SMA 50) of $1.98 and a 200-day simple moving average (SMA200) of $66.69.

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The stock witnessed a -6.98% loss in the last 1 month and extending the period to 3 months gives it a -27.21%, and is 0.34% up 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 2.29% over the week and 2.37% over the month.

Boeing Co. (BA) has around 171000 employees, a market worth around $115.62B and $77.79B in sales. Fwd P/E is 28.12. Profit margin for the company is -2.86%. Distance from 52-week low is 7.52% and -29.17% 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 -$1.66 with sales reaching $17.38B over the same period.The EPS is expected to grow by 118.24% this year, but quarterly earnings will post 18.70% year-over-year. Quarterly sales are estimated to shrink -1.00% in year-over-year returns.

Boeing Co. (BA) Top Institutional Holders

2,835 institutions hold shares in Boeing Co. (BA), with institutional investors hold 65.61% of the company’s shares. The shares outstanding are 609.52M, and float is at 609.16M with Short Float at 1.77%. Institutions hold 65.55% 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

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 ’23 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 ’23 that MOLLENKOPF STEVEN M (Director) bought a total of 850 shares of the company’s common stock. The trade occurred on Jul 31 ’23 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 ’23, 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).

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