What The Financials Tell Us About General Electric Company (GE)


General Electric Company (NYSE:GE) finished Thursday with an addition of $0.14 to close at $65.36, an upside of 0.21 percent. An average of 7,588,600 shares of common stock have been traded in the last five days. There was a fall of -$3.55 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 5,827,630 shares traded, while the 50-day average volume stands at 6,195,062.

GE stock has decreased by -14.11% in the last month. The company shares reached their 1-month lowest point of $64.52 on 09/22/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $59.93 and a high of $116.17 in 52 weeks. It has reached a new high 8 times so far this year and lost -30.81% or -$29.11 in price. In spite of this, the price is down -43.74% from the 52-week high.

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Insider Transactions

135 days have passed since General Electric Company (GE) last reported insider trading activity. Pecresse Jerome, who is Senior Vice President, most recently acquired $1,442 shares at $74.13 per share on May 11. In this transaction, the insider spent $106,895. 10% Owner, GENERAL ELECTRIC CO, disposed of 72,025,826 shares at a price of $34.45 on May 06. The insider now owns more than $2,481,289,706 worth of shares.

Valuation Metrics

General Electric Company (GE) stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.00, the price-to-book (PB) ratio at 2.07, and the price-to-cash flow ratio at 25.83.

Financial Health

The quick ratio of General Electric Company for the three months ended June 29 was 0.80, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.80 and a total debt to equity ratio of 0.94 for the quarter ending June 29. Its gross profit as reported stood at $20.3 billion compared to revenue of $74.2 billion.

Earnings Surprise

For the three-month period that ended June 29, General Electric Company had $27.57 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$857.0 million in the quarter, while revenues were shrunk -38.62%. The analyst consensus anticipated General Electric Company’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.78, a 110.80% surprise. For the quarter, EBITDA amounted to $2.67 billion. Shareholders own equity worth $1.1 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at General Electric Company (GE) price momentum. RSI 9-day as of the close on 22 September was 24.13%, suggesting the stock is oversold, with historical volatility in this time frame at 34.41%.

As of today, GE’s price is $66.12 -5.15% or -$3.55 from its 5-day moving average. GE is currently trading -14.83% lower than its 20-day SMA and -12.33% lower than its 100-day SMA. However, the stock’s current price level is +5.40% above the SMA50 and -31.92% below the SMA200.

The stochastic %K and %D were 6.67% and 9.64%, respectively, and the average true range (ATR) was 2.16. With the 14-day stochastic at 7.02% and the average true range at 2.20, the RSI (14) stands at 30.46%. The stock has reached -2.69 on the 9-day MACD Oscillator while the 14-day reading was at -4.40.

Analyst Ratings

The consensus rating for General Electric Company (GE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GE, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.

What is GE’s price target for the next 12 months?

Analysts predict a range of price targets between $72.00 and $110.00, with a median target of $88.00. Taking a look at these predictions, the average price target given by analysts for General Electric Company (GE) stock is $88.35.


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