Boeing Co. (NYSE:BA) shares, rose in value on Thursday, April 04, with the stock price up by 1.13% to the previous day’s close as strong demand from buyers drove the stock to $187.01.
Actively observing the price movement in the recent trading, the stock is buoying the session at $184.92. The value of beta (5-year monthly) is 1.53. Referring to stock’s 52-week performance, its high was $267.54, and the low was $176.25. On the whole, BA has fluctuated by -7.03% over the past month.
With the market capitalization of Boeing Co. currently standing at about $114.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$1.54, which is expected to increase to $0.97 for fiscal year -$0.26 and then to about $6.75 by fiscal year 2025. Data indicates that the EPS growth is expected to be 95.20% in 2025, while the next year’s EPS growth is forecast to be 2,696.20%.
Analysts have estimated the company’s revenue for the quarter at $17.28 billion, with a low estimate of $15.85 billion and a high estimate of $19.55 billion. According to the average forecast, sales growth in current quarter could jump down -1.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $85.7 billion, representing an increase of 18.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that BA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BA currently trading nearly -0.97% and -5.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.56, while the 7-day volatility ratio is showing 1.74% which for the 30-day chart, stands at 2.28%. Furthermore, Boeing Co. (BA)’s beta value is 1.53, and its average true range (ATR) is 4.53.
A comparison of Boeing Co. (BA) with its peers suggests the former has fared considerably weaker in the market. BA showed an intraday change of 1.13% in today’s session so far, and over the past year, it shrunk by -13.18%%.
Data on historical trading for Boeing Co. (NYSE:BA) indicates that the trading volumes over the past 10 days have averaged 7.24 million and over the past 3 months, they’ve averaged 10.30 million. According to company’s latest data on outstanding shares, there are 609.52 million shares outstanding.
Nearly 0.16% of Boeing Co.’s shares belong to company insiders and institutional investors own 65.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.81 million shares as on Mar 15, 2024, resulting in a short ratio of 1.36. According to the data, the short interest in Boeing Co. (BA) stood at 1.77% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.63 million. The stock has fallen by -28.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BA stock heading into the next quarter.
