$Boeing(BA)$ π»π ±οΈearish BIGTIME π»
ππ¬π¬π¬ Descent to to $140 π¬π¬π¬π
Navigate with my chart for descent to $140 and as much as I'm an Aviation lover, I believe they have misled and lied to the public so this is a deserved decline in their stock!
BOEING'S RATINGS MAY BE CUT TO JUNK BY MOODY'S
π¨π° Moody's has placed Boeing's $BA ratings on review for a potential downgrade, warning that a prolonged strike could hurt the recovery of its commercial airplanes business.
While 737 MAX production increased to near 30 per month in July and August, any further strain on Boeingβs liquidity, including the need to issue debt alongside equity, could lead to a downgrade to junk status.
CFO: "Strike Will Impact Production and Deliveries ... Have Laser-Like Focus on Actions to Conserve Cash"
A very rough year for Boeing all around.
From Starliner to their malfunctioning planes, repositioning within the company. To now, thousands of workers on strike.
$BA is down over β 40% YTD.
Buckle up for a rough landing.
@Tiger_comments @TigerPicks @TigerStars @TigerGPT @Daily_Discussion @TigerOptions
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Boeing (BA) Stock Overview
Business and Industry: Boeing is a leading aerospace company that designs, manufactures, and sells commercial airplanes, defense and security systems, and space and communication systems. The aviation industry is expected to experience growth in the future, driven by increasing air travel demand, technological advancements, and emerging markets.
Earnings Analysis
Earnings Forecast:
2025FY: Forecasted EPS of $3.97(USD), forecasted gross income of $92.50 billion(USD), and forecasted EBIT of $6.18 billion(USD).
2026FY: Forecasted EPS of $8.11(USD), forecasted gross income of $104.98 billion(USD), and forecasted EBIT of $8.75 billion(USD).
2024FY: Forecasted EPS of -$4.16(USD), forecasted gross income of $76.61 billion(USD), and forecasted EBIT of $235.43 million(USD).
Earnings Result (2024Q2):
EPS: -$2.33
Return on Equity (ROE): N/A
Gross Profit Margin: 7.29%
Quick Ratio: 0.26
Current Ratio: 1.18
Total Asset Turnover: 0.49
Inventory Turnover: 0.74
Return on Investment: -6.78%
Operating Cash Flow to Current Liabilities Ratio: -0.16
Fixed Asset Turnover: 6.23
Accounts Receivable Turnover Ratio: 5.30
Net Assets per Share: -$29.20
Total Liabilities to Total Assets Ratio: 145.02%
Net Profit Margin: -8.53%
Trend Analysis and Capital Flow
Support Price (as of 2024-09-12): $162.7(USD)
Profiteer Ratio (as of 2024-09-12): 0.685
Resistance Price (as of 2024-09-12): $183.9(USD)
Average Cost (as of 2024-09-12): $176.5(USD)
Capital Flow:
5-Day Capital Flow: On 2024-09-06, there was a big outflow of $1029.95K, while on 2024-09-09, there was a big inflow of $25365.15K. Other days showed mixed inflow and outflow.
1-Day Capital Flow: On the analyzed day, there was a total inflow of $7.40 million and a total outflow of $7.76 million. The specific breakdown of inflow and outflow can be further analyzed.
Valuation Analysis and Analyst Viewpoints
Analyst Target Price: Based on forecasts from 26 analysts, the mean target price is $216.16(USD), with a low estimate of $119.0(USD) and a high estimate of $275.0(USD).
Analyst Recommendation: Out of the analyzed recommendations, 8 analysts recommend, 11 analysts suggest a buy, 9 analysts hold, 2 analysts suggest underperformance, and 1 analyst suggests selling.
Recent News and Stock Performance
Recent News: Moody's has placed Boeing's ratings on review for a potential downgrade, citing a prolonged strike as a concern. The strike could impact Boeing's commercial airplanes business recovery. Boeing's stock has declined by approximately 40% year-to-date.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It is always recommended to conduct thorough research and consider various factors before making investment decisions.
Crash landing eminent π₯
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