According to the latest media release by the U.S Department of Defense, Boeing has been awarded with an almost $2.5 billion contract for the production of 19 P-8A Poseidon maritime patrol aircraft for the U.S Navy, Norway and the U.K.
With 10 aircrafts, at almost $1.26 billion, the U.S. Navy purchase makes up 51% of the total contract value, while Norway’s five aircrafts at almost $695 million makes up 28%. The U.K.’s four aircrafts at almost $507 million makes up 21% of the total contract value.
Developed dominantly for the U.S Navy, more than 80% of the work will be performed in Seattle and Washington and is expected to complete in March 2022. The U.K’s initial operating capability is expected to be achieved in 2020, while Norway’s aircraft are scheduled to be delivered between 2022 and 2023.
On January 25, Boeing delivered the first two KC-46 aerial re-fuelling tankers to the U.S. Air Force at McConnell Air Force Base in Kansas
The program is expected to be a landmark move which is two years behind schedule and more than $3 billion over budget.
Enabled to carry torpedoes, depth charges, Harpoon anti-ship missiles and other weapons, P-8 Poseidon is a modified version of the Boeing 737-800ERX.
BA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 09, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 32 instances where the indicator turned negative. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on April 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BA as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BA entered a downward trend on April 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BA advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .
BA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (6.680). P/E Ratio (0.000) is within average values for comparable stocks, (35.193). BA's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.977). BA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.017). P/S Ratio (1.318) is also within normal values, averaging (4.560).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of jetliners, aircraft and related products
Industry AerospaceDefense