The Boeing Company (NYSE: BA) has reported today that the Federal Aviation Authority (FAA) has lifted the ban on the flights of 737 MAX after discovering that it is “100%’ safe to fly 737 MAX. This ruling will enable Boeing to resume the services and deliveries of MAX. Now the troubled 737 MAX of Boeing will be able to take travelers again. The plane was restricted in March 2019 after two disastrous crashes that killed 346 people.
Boeing has struggled for the past 20 months to work on the safety of passengers by working jointly with the airlines. BA has taken three main steps to guarantee the safety of the plane. The three steps include Process Enhancement, Organizational Alignment, and Cultural Focus. FAA has given the specifications for commencing operations again. The conditions include the training of the pilot, install software enhancements, etc.
The Boeing Company (BA) has seen some recent activity in the marketplace and its common shares closed trading at $203.30 yesterday. Investors are starting to take interest in BA as the common shares traded as high as $223.02 and as low as $203.00 in the previous market trading day.
The Boeing Company (BA) average trading volume is 22.00M. However, in the previous market trading day The Boeing Company (BA) exchanged 65,318,415 shares. The 1st downside support level on BA is $197.54 and the 1st upside resistance level on BA is $230.50. BA fifty day moving average is $166.85 and BA two hundred day moving average is $167.08.
The Boeing Company (BA) most current performance has been indicated by the recent movement in BA common shares. BA has performed 21.56% over the past month, BA has performed 19.88% over the past 90 days and BA has shown -44.60% over the past 1 year. The Boeing Company (BA) has a 12 month range of $89.00 to $374.77. The Boeing Company (BA) is trading 128.43% from its 12 month low and -45.87% from its 12 month high. The Boeing Company (BA) is indicating a 1.97% short float indicating the sum short in the float.
BA has 566.60M shares outstanding and 563.86M shares in the float. The Boeing Company (BA) at this time has a market cap of $108.40B and an income of -4463.00M. The EPS next quarter for BA is -1.10 and the anticipated EPS next year is 116.80%. The market cap of The Boeing Company (BA) at $108.40B signifies how many Investors own shares of BA and is based on the last price ($203.30) of BA and the sum of shares outstanding (566.60M) with The Boeing Company (BA).
The Boeing Company (BA) has aggregate cash (mrq) of 27.12B, aggregate cash per share (mrq) of 48.03, aggregate debt of BA stands at 60.96B. The Boeing Company (BA) operational cash flow (ttm) is -16.62B, BA leveraged free cash flow (ttm) is -15.95B.
BA is trading 21.29% above (bullish) its SMA20, 23.32% above (bullish) its SMA50 and 13.69% above (bullish) its SMA200.