In the last trading session, 8.95 million Boeing Co. (NYSE:BA) shares changed hands as the company’s beta touched 1.52. With the company’s per share price at $187.50 changed hands at -$3.91 or -2.04% during last session, the market valuation stood at $114.40B. BA’s last price was a discount, traded about -42.69% off its 52-week high of $267.54. The share price had its 52-week low at $176.25, which suggests the last value was 6.0% up since then. When we look at Boeing Co.’s average trading volume, we note the 10-day average is 9.8 million shares, with the 3-month average coming to 10.18 million.
Boeing Co. (NYSE:BA) trade information
Instantly BA was in red as seen at the end of in last trading. With action 3.51%, the performance over the past five days has been green. The drop to weekly highs of 196.18 subtracted -2.04% to the stock’s daily price. The company’s shares are showing year-to-date downside of -28.07%, with the 5-day performance at 3.51% in the green. However, in the 30-day time frame, Boeing Co. (NYSE:BA) is -6.50% down. Looking at the short shares, we see there were 8.83 million shares sold at short interest cover period of 1.17 days.
Boeing Co. (BA) estimates and forecasts
Data shows that the Boeing Co. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -5.67% over the past 6 months, a 126.68% in annual growth rate that is considerably higher than the industry average of 14.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Boeing Co. will fall -7.10%, while the growth in revenue is estimated to hit 130.50% for the next quarter. Year-over-year growth is forecast to reach 9.60% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $16.01 billion. 21 analysts are of the opinion that Boeing Co.’s revenue for the quarter ending Jun 2024 will be $19.74 billion. The company’s revenue for the corresponding quarters a year ago was $17.57 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.90%.
The 2024 estimates are for Boeing Co. earnings to increase by 128.99%.
BA Dividends
Boeing Co. is expected to release its next quarterly earnings report between April 24 and April 29.
Boeing Co. (NYSE:BA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.09% of Boeing Co. shares while 65.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.57%. There are 65.51% institutions holding the Boeing Co. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 7.85% of the shares, roughly 47.25 million BA shares worth $9.98 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.12% or 36.82 million shares worth $7.77 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 18.77 million shares estimated at $3.96 billion under it, the former controlled 3.12% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.24% of the shares, roughly 13.46 million shares worth around $2.84 billion.
