Technical Analysis #S-BA : 2022-01-27

The Boeing Company is an American multinational corporation that designs, manufactures, and sells civilian and military aircraft, satellites and telecommunications equipment operating through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The market capitalization of the company is at $120.51 billion. The stock is trading at Forward P/E ratio of 34.01 currently, Boeing earned $62.79B revenue (ttm) and has a Return on Assets (ttm) of -1.43%. Boeing recorded 79 orders for planes in Q4, for a total of 479 net orders on the year. Boeing stock was little changed Tuesday despite news the company is in advanced talks with Qatar Airways to secure a launch order for a proposed new freighter. Qatar Airways is looking at renewing its existing fleet of around 34 freighters with the larger new 777X version in a deal potentially worth $14 billion at list prices. Qatar has indicated it is willing to look at buying as many as 50 freighters, with the larger number likely to include options. Boeing was expected to turn in another loss in fourth-quarter results before the market opened Wednesday. However Q4 revenue was seen rising 8% to $16.54 billion. Boeing reported Q4 revenue fell 3% from a year ago to $14.79 billion due to Boeing taking a $3.5 billion pre-tax non-cash charge on the 787 Dreamliner program. Production problems have prevented Boeing from delivering its 787 Dreamliner for most of the last 15 months. And the manufacturer posted its third consecutive annual loss. At the same time Boeing reported free cash flow of $494 million for the fourth quarter, up from an outflow of $4.27 billion a year earlier. And the company stated it expects passenger traffic to return to 2019 levels next year or in 2024. After earnings report shares closed down 4.8%.

Summary of technical analysis