Why Boeing Co (BA) Stock Could See Much Higher Prices Ahead

Boeing Co (NYSE: BA) is -41.26% lower on its value in year-to-date trading and has touched a low of $137.03 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 $149.29 in the last trading session, with the day’s gains setting it 3.81%.

Currently trading at $153.10, the stock is 3.42% and 0.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.43 million and changing 2.55% at the moment leaves the stock -11.76% off its SMA200. BA registered -30.41% loss for a year compared to 6-month loss of -12.55%. The firm has a 50-day simple moving average (SMA 50) of $151.687 and a 200-day simple moving average (SMA200) of $173.7863.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -1.23% gain in the last 1 month and extending the period to 3 months gives it a -11.53%, and is 6.42% 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 2.85% over the week and 3.51% over the month.

Boeing Co (BA) has around 171000 employees, a market worth around $114.45B and $73.29B in sales. Fwd P/E is 121.00. Profit margin for the company is -10.88%. Distance from 52-week low is 11.73% and -42.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.92%).

with sales reaching $17.11B over the same period.The EPS is expected to shrink by -174.62% this year, but quarterly earnings will post -12.25% year-over-year. Quarterly sales are estimated to shrink -22.31% in year-over-year returns.

Boeing Co (BA) Top Institutional Holders

2351.0 institutions hold shares in Boeing Co (BA), with institutional investors hold 55.80% of the company’s shares. The shares outstanding are 747.58M, and float is at 746.56M with Short Float at 2.53%. Institutions hold 55.74% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 50.93 million shares valued at $9.27 billion. The investor’s holdings represent 8.3103% of the BA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 36.29 million shares valued at $6.61 billion to account for 5.921 of the shares outstanding. The other top investors are NEWPORT TRUST CO which holds 31.64 million shares representing 5.1624% and valued at over $5.76 billion, while STATE STREET CORP holds 4.4284 of the shares totaling 27.14 million with a market value of $4.94 billion.