Boeing announced that it would invest $20 million in human spaceflight company Virgin Galactic, as a move to bolster commercial space access.
The strategic investment will come from Boeing’s HorizonX Ventures, which has previously invested in smaller scale aerospace startups, like Accion Systems and Matternet.
Virgin Galactic was founded by British business magnate Richard Branson. It has invested about $1 billion to create reusable human spaceflight systems. Virgin Galactic is apparently geared towards becoming the first company to make space tourism a reality.
In July, Virgin Galactic said that it would go public by merging with the blank-check company Social Capital Hedosophia Holdings.
Boeing said that it would invest in return for new Virgin Galactic shares, and its investment is conditioned on the public trading transaction closing (expected to occur Q4 of this year). Boeing is investing in the post-closing company.
BA saw its Momentum Indicator move above the 0 level on November 25, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BA's RSI Oscillator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BA just turned positive on November 22, 2024. Looking at past instances where BA's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
BA moved above its 50-day moving average on November 27, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BA crossed bullishly above the 50-day moving average on December 04, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BA advanced for three days, in of 284 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where BA's Stochastic Oscillator exited the overbought zone, the price fell further within the following 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 November 26, 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 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 (8.210). P/E Ratio (0.000) is within average values for comparable stocks, (59.547). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.386). BA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.015). P/S Ratio (1.313) is also within normal values, averaging (7.968).
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 70, 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