Boeing Co. (NYSE: BA) is -29.74% 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 $183.29 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $183.14, the stock is -2.56% and -7.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.02 million and changing -0.08% at the moment leaves the stock -13.66% off its SMA200. BA registered -14.38% loss for a year compared to 6-month gain of -1.92%. The firm has a 50-day simple moving average (SMA 50) of $1.91 and a 200-day simple moving average (SMA200) of $64.09.
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The stock witnessed a -8.89% loss in the last 1 month and extending the period to 3 months gives it a -25.23%, and is -5.10% 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 1.93% over the week and 2.32% over the month.
Boeing Co. (BA) has around 171000 employees, a market worth around $111.74B and $77.79B in sales. Fwd P/E is 27.25. Profit margin for the company is -2.86%. Distance from 52-week low is 3.91% and -31.55% 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 -$1.65 with sales reaching $17.24B over the same period.The EPS is expected to grow by 113.37% this year, but quarterly earnings will post 10.30% year-over-year. Quarterly sales are estimated to shrink -1.90% in year-over-year returns.
Boeing Co. (BA) Top Institutional Holders
2,807 institutions hold shares in Boeing Co. (BA), with institutional investors hold 65.58% 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 65.52% 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).
