Recent Performance of Boeing Co. (BA) Stock: A Closer Look

Boeing Co. [BA] stock prices are up 0.55% to $185.84 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BA shares have gain 2.10% over the last week, with a monthly amount drifted -2.11%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Boeing Co. [NYSE: BA] stock has seen the most recent analyst activity on April 30, 2024, when Argus downgraded its rating to a Hold. Previously, Northcoast downgraded its rating to Sell on April 17, 2024, and kept the price target unchanged to $140. On April 11, 2024, BofA Securities reiterated its Neutral rating and revised its price target to $190 on the stock. Melius downgraded its rating to a Hold. Northcoast downgraded its rating to a Neutral. BofA Securities downgraded its rating to Neutral for this stock on January 25, 2024, and downed its price target to $225. In a note dated January 18, 2024, Susquehanna reiterated an Positive rating on this stock and revised its target price from $306 to $279.

The stock price of Boeing Co. [BA] has been fluctuating between $159.70 and $267.54 over the past year. Currently, Wall Street analysts expect the stock to reach $214.84 within the next 12 months. Boeing Co. [NYSE: BA] shares were valued at $185.84 at the most recent close of the market. An investor can expect a potential return of 15.6% based on the average BA price forecast.

Analyzing the BA fundamentals

The Boeing Co. [NYSE:BA] reported sales of 76.44B for trailing twelve months, representing a drop of -7.54%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.13 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.82.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 181.58 points at the first support level, and at 177.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 190.80, and for the 2nd resistance point, it is at 195.76.

Ratios To Look Out For

It’s worth pointing out that Boeing Co. [NYSE:BA]’s Current Ratio is 1.14. On the other hand, the Quick Ratio is 0.25, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.50.

Transactions by insiders

Recent insider trading involved COLBERT THEODORE III, EVP, Pres. & CEO, BDS, that happened on Aug 01 ’23 when 8500.0 shares were sold. Director, MOLLENKOPF STEVEN M completed a deal on Jul 31 ’23 to buy 850.0 shares.

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