Is Boeing Stock Still A Good Buy?

In a recent news update, Boeing has come forward with a recommendation of grounding all of its 777 aircraft with a specific type of engine. As police footage of the Denver incident was released, there was a massive scare from the audience, resulting in Boeing’s negative stock price.

Boeing stock’s cursory analysis reveals that Boeing’s earnings per share have averaged 0% for the past three years. In the last quarter, Boeing reported a loss of $15.25 per share, the average revenue has also undergone a decline of 17% over the past three years, and Boeing’s deliveries have fallen short by a whopping 25% in the last quarter, which quite obviously makes it not a favorite in the eyes of an investor. The BA giant is also considering holding a stock sale to help pay down the debt; the management has also withheld dividend payouts since last year.

Boeing has recently received a consensus rating of hold in light of its recent performance. Boeing is one of the largest aircraft manufacturers, and it is also one of the largest aerospace and defense contractors with revenue exposure across more than 90 countries. However, with the recent virus mutations, the BA stock is not a bright investment prospect.