A rendering of a Boeing 737 MAX 9. (Photo: Boeing)

The grounding of the 737 MAX 8 in the U.S. dealt another blow to Boeing, the plane maker whose prized jet is now barred from the skies worldwide.

The aviation giant’s stock price fell 1.2 percent to $371.19 a share in afternoon trading.

But whether the company is irreparably damaged depends on whether investigators can determine a definitive cause behind the crash in Ethiopia on Sunday that claimed 157 lives, as well as another plane crash that preceded it in October, and if Boeing can come up with a remedy to address both, experts say.

President Donald Trump said on Wednesday that an emergency order would be issued banning flights by not only the MAX 8, involved in the two recent crashes,