If You’re An Adventuresome Investor, Then Take A Chance On Boeing Co (NYSE: BA)

In today’s recent session, 3.51 million shares of the Boeing Co (NYSE:BA) have been traded, and its beta is 1.57. Most recently the company’s share price was $167.90, and it changed around $3.8 or 2.31% from the last close, which brings the market valuation of the company to $125.51B. BA at last check was trading at a discount to its 52-week high of $267.54, offering almost -59.34% off that amount. The share price’s 52-week low was $137.03, which indicates that the recent value has risen by an impressive 18.39% since then. We note from Boeing Co’s average daily trading volume that its 10-day average is 9.2 million shares, with the 3-month average coming to 12.80 million.

Boeing Co stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 2 out of 28 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 10 recommended BA as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Boeing Co is expected to report earnings per share of -1.69 for the current quarter.

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Boeing Co (NYSE:BA) trade information

Instantly BA has been showing a green trend so far today with a performance of 2.31% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 169.30 on recent trading dayincreased the stock’s daily price by 0.83%. The company’s shares are currently down -35.59% year-to-date, but still up 6.07% over the last five days. On the other hand, Boeing Co (NYSE:BA) is 12.71% up in the 30-day period. We can see from the shorts that 20.79 million shares have been sold at a short interest cover period of 1.15 day(s).

The consensus price target as assigned by Wall Street analysts is $200, which translates to bulls needing to increase their stock price by 16.05% from its current value. Analyst projections state that BA is forecast to be at a low of $109 and a high of $240.

Boeing Co (BA) estimates and forecasts

Boeing Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.09 percent over the past six months and at a -178.49% annual growth rate that is well below the industry average of 14.70%. The year-over-year growth rate is expected to be -12.35%, down from the previous year.

Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 17.02B in revenue for the current quarter. 13 analysts expect Boeing Co to make 19.63B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 22.02B and 16.57B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.70%. Forecasts for the next quarter put sales growth at 18.47%.

Boeing Co earnings are expected to increase by -175.59% in 2024, but the outlook is positive 34.60% per year for the next five years.

BA Dividends

Boeing Co’s next quarterly earnings report is expected to be released in January. The average dividend yield for the past five years averaged 2.48 per year.

Boeing Co (NYSE:BA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.10% of Boeing Co shares, and 55.72% of them are in the hands of institutional investors. The stock currently has a share float of 55.78%. Boeing Co stock is held by 2350.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.3103% of the shares, which is about 50.93 million shares worth $9.27 billion.

BLACKROCK INC., with 5.921% or 36.29 million shares worth $6.61 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.