The Boeing Company (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners, defence, space, and security systems, and service provider of aftermarket support. It is America’s biggest manufacturing exporter, which supports airlines within the U.S. and allied government customers in more than 150 countries. With a market capitalisation of over $145 Billion, Boeing has a very high traded volume with a last 10-day average traded volume of approximately 15 Million shares. Boeing’s share price on 6th April 2021 was $255.17.

The Boeing share price trend

The company’s stock was affected pretty hard by the Covid-19 pandemic. Boeing’s share price dropped from $332.76 to $95 in March-20, reflecting a 250% decline in price. The company picked itself from the lows and reached $214 by the year-end when the vaccine news was out in the market. The year 2021 kicked off with a trading price of $210. The stock price received a downward blow in January-21, again, when the company reports a net loss in its quarterly report. The company’s stock recovered its price drop and is now steady and on an upward trend. It is currently trading at above $250.

Boeing 737 Max crash in 2019

The company still had not recovered from the Boeing 737 Max crash in 2019 when the pandemic hit and further deteriorated the company’s performance. The Boeing 737 is one of the company’s most revenue-generating assets and accounted for approximately 60% of the company’s revenue in 2018. The 737 Max was grounded for 20 months after the crash. The grounding, suspension of deliveries, and production have cost the company billions of dollars and have left the company scrambling for funds.

Boeing’s path towards recovery

Boeing’s defence business is also expected to improve with a big order received from the Australian Navy and Air Force. The US government has also lined up a few orders for the company, and its financials are expected to improve. The company is rapidly running, improving its operations. Its management team have forecast three years to recover back to 2019 in terms of travel and a few more years to return to its long-term growth path.

CCN Money analysts have forecast the Boeing share price to be $310.

Future outlook on the Boeing share price

Amid the crisis of pandemic, it no doubt had to struggle to conserve capital. Boeing had to acquire billions of dollars of debt to maintain its performance. The industry, on the whole, was scrambling. And was looking into the option of remodelling old but safe jets instead of investing in new planes. Looking into the industry scenario and its performance, I am personally apprehensive about Boeing’s share price and performance.

With its debt level rising and its financials weakening, Boeing’s future is unpredictable, I feel. On the other hand, the firm has recovered amazingly from the lowest low of $95 in March last year. And has outperformed itself after being listed under the worst-performing names in the Dow Jones Industrial Average.