Boeing Co. (BA) concluded trading on Wednesday at a closing price of $201.57, with 4.1 million shares of worth about $826.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.29% during that period and on Wednesday the price saw a loss of about -0.89%. Currently the company’s common shares owned by public are about 609.52M shares, out of which, 609.20M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 15 times over the past 12 months. They bought 12,380 shares in 2 of the transactions. In 13 selling transactions, insiders dumped 23,629 shares.
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However, the stock later moved at a day high price of 203.63, or with a loss of -0.89%. Stock saw a price change of -1.41% in past 5 days and over the past one month there was a price change of -6.22%. Year-to-date (YTD), BA shares are showing a performance of -22.67% which decreased to -4.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $176.25 but also hit the highest price of $267.54 during that period. The average intraday trading volume for Boeing Co. shares is 9.26 million. The stock is currently trading -2.72% below its 20-day simple moving average (SMA20), while that difference is down -11.63% for SMA50 and it goes to -5.96% lower than SMA200.
Boeing Co. (NYSE: BA) currently have 609.52M outstanding shares and institutions hold larger chunk of about 65.09% of that.
The stock has a current market capitalization of $122.98B and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$3.67 in the same period. It has Quick Ratio of 0.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BA, volatility over the week remained 1.49% while standing at 2.48% over the month.
Analysts are in expectations that Boeing Co. (BA) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is $0.62 and it is $7.83 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.1 which is $0.72 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 160.94% while it is estimated to increase by 126.95% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 25, 2024 offering a Neutral rating for the stock and assigned a target price range of between $255 and $225 to it. Coverage by Susquehanna stated Boeing Co. (BA) stock as a Positive in their note to investors on January 18, 2024, suggesting a price target of $279 for the stock. Stock get an Outperform rating from William Blair on December 12, 2023.
