Investor’s Delight: Boeing Co. (BA) Closes Weak at 176.99, Down -2.09

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The closing price of Boeing Co. (NYSE: BA) was $176.99 for the day, down -2.09% from the previous closing price of $180.76. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 5.84 million shares were traded. BA stock price reached its highest trading level at $180.67 during the session, while it also had its lowest trading level at $176.17.

Ratios:

Our analysis of BA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 84.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.25 and its Current Ratio is at 1.14.

On April 17, 2024, Northcoast Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $140.

BofA Securities reiterated its Neutral rating for the stock on April 11, 2024, while the target price for the stock was revised from $210 to $190.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’23 when COLBERT THEODORE III sold 8,500 shares for $238.37 per share. The transaction valued at 2,026,136 led to the insider holds 59,255 shares of the business.

MOLLENKOPF STEVEN M bought 850 shares of BA for $201,450 on Jul 31 ’23. The Director now owns 3,767 shares after completing the transaction at $237.00 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BA now has a Market Capitalization of 108651339776 and an Enterprise Value of 149055373312. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42. Its current Enterprise Value per Revenue stands at 1.95 whereas that against EBITDA is 55.722.

Stock Price History:

The Beta on a monthly basis for BA is 1.56, which has changed by -0.14596605 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, BA has reached a high of $267.54, while it has fallen to a 52-week low of $159.70. The 50-Day Moving Average of the stock is -2.04%, while the 200-Day Moving Average is calculated to be -14.27%.

Shares Statistics:

BA traded an average of 7.70M shares per day over the past three months and 6007150 shares per day over the past ten days. A total of 613.88M shares are outstanding, with a floating share count of 612.75M. Insiders hold about 0.18% of the company’s shares, while institutions hold 65.02% stake in the company. Shares short for BA as of 1714435200 were 12262851 with a Short Ratio of 1.59, compared to 1711584000 on 9294893. Therefore, it implies a Short% of Shares Outstanding of 12262851 and a Short% of Float of 2.0.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 2.48.

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