The trading price of The Boeing Company (NYSE:BA) floating lower at last check on Monday, August 30, closing at $218.83, -1.32% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $216.86 and $222.43. In examining the 52-week price action we see that the stock hit a 52-week high of $278.57 and a 52-week low of $141.58. Over the past month, the stock has lost -4.27% in value.
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The Boeing Company, whose market valuation is $126.90 billion at the time of this writing, is expected to release its quarterly earnings report Oct 26, 2021 – Nov 01, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.12 per share this quarter, however they have predicted annual earnings per share of -$0.36 for 2021 and $6.15 for 2022. It means analysts are expecting annual earnings per share growth of 97.00% this year and 1,808.30% next year.
Analysts have forecast the company to bring in revenue of $19.31 billion for the current quarter, with the likely lows of $16.48 billion and highs of $23.23 billion. The average estimate suggests sales will likely up by 36.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $75.97 billion. The company’s revenue is forecast to grow by 30.60% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of The Boeing Company No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BA has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BA a recommendation rating is 24. Out of them, 10 rate it a Hold, while 11 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged The Boeing Company (BA) as Underweight, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BA’s price is currently -3.12% off the SMA20 and -4.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.87, and weekly volatility stands at 2.20%. When measured over the past 30 days, the indicator reaches 2.38%. The Boeing Company (NYSE:BA)’s beta value is currently sitting at 1.62, while the Average True Range indicator is currently displaying 5.84. With analysts defining $210.00-$314.00 as the low and high price targets, we arrive at a consensus price target of $275.90 for the trailing 12-month period. The current price is about 4.04% off the estimated low and -43.49% off the forecast high, based on this estimate. Investors will be thrilled if BA’s share price rises to $274.50, which is the median consensus price. At that level, BA’s share price would be -25.44% below current price.
To see how The Boeing Company stock has been performing today in comparison to its peers in the industry, here are the numbers: BA stock’s performance was -1.32% at last check in today’s session, and 27.30% in the past year, while Raytheon Technologies Corporation (RTX) has been trading -0.15% in recent session and positioned 40.23% higher than it was a year ago. Furthermore, TransDigm Group Incorporated (TDG) showed a decrease of -0.43% today while its price kept inclining at 22.16% over the past year. The Boeing Company has a P/E ratio of 0. Also during today’s trading, the S&P 500 Index has surged 0.49%, while the Dow Jones Industrial also saw a positive session, up 0.03% today.
An evaluation of the daily trading volume of The Boeing Company (NYSE:BA) indicates that the 3-month average is 11.26 million.
Currently, records show that 587.10 million of the company’s shares remain outstanding. The insiders hold 0.10% of outstanding shares, whereas institutions hold 54.10%. However, since the stock’s price has seen 3.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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