Market Recap: Boeing Co. (BA)’s Negative Momentum, Closing at 155.20

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The closing price of Boeing Co. (NYSE: BA) was $155.20 for the day, down -1.18% from the previous closing price of $157.06. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 9.75 million shares were traded. BA stock price reached its highest trading level at $155.89 during the session, while it also had its lowest trading level at $151.98.

Ratios:

Our analysis of BA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.27 and its Current Ratio is at 1.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on October 17, 2024, Reiterated its Outperform rating but revised its target price to $195 from $207 previously.

On October 15, 2024, DZ Bank Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $152.

Wells Fargo Downgraded its Equal Weight to Underweight on September 03, 2024, whereas the target price for the stock was revised from $185 to $119.

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 95944794112 and an Enterprise Value of 143051898880. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30. Its current Enterprise Value per Revenue stands at 1.952 whereas that against EBITDA is -50.71.

Stock Price History:

Over the past 52 weeks, BA has reached a high of $267.54, while it has fallen to a 52-week low of $146.02. The 50-Day Moving Average of the stock is -3.14%, while the 200-Day Moving Average is calculated to be -13.93%.

Shares Statistics:

BA traded an average of 7.93M shares per day over the past three months and 9870050 shares per day over the past ten days. A total of 616.17M shares are outstanding, with a floating share count of 615.16M. Insiders hold about 0.16% of the company’s shares, while institutions hold 67.25% stake in the company. Shares short for BA as of 1727654400 were 12752698 with a Short Ratio of 1.61, compared to 1724976000 on 12335865. Therefore, it implies a Short% of Shares Outstanding of 12752698 and a Short% of Float of 2.07.

Dividends & Splits

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

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