The Insider Activity Of General Electric Company (GE) Is Worth Monitoring

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General Electric Company (NYSE:GE) finished Thursday with an addition of $1.78 to close at $83.75, an upside of 2.17 percent. An average of 4,376,140 shares of common stock have been traded in the last five days. There was a gain of $0.77 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 5,833,725 shares traded, while the 50-day average volume stands at 5,862,914.

GE stock has decreased by -2.23% in the last month. The company shares reached their 1-month lowest point of $76.69 on 12/16/22. 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 $103.73 in 52 weeks. It has reached a new high 8 times so far this year and lost -11.35% or -$10.72 in price. In spite of this, the price is down -19.26% from the 52-week high.


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Insider Transactions

GE stock investors should be aware that General Electric Company (GE) stock had its last reported insider trading activity 233 days ago 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 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.22, the price-to-book (PB) ratio at 2.91, and the price-to-cash flow ratio at 47.18.

Financial Health

The quick ratio of General Electric Company for the three months ended September 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 0.83 and a total debt to equity ratio of 0.97 for the quarter ending September 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 September 29, General Electric Company had $26.12 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 -$238.0 million in the quarter, while revenues were grew 606.3%. The analyst consensus anticipated General Electric Company’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.35, a -23.90% surprise. For the quarter, EBITDA amounted to $1.8 billion. Shareholders own equity worth $1.09 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 29 December was 57.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.74%.

As of today, GE’s price is $82.42 +0.93% or $0.77 from its 5-day moving average. GE is currently trading -2.58% lower than its 20-day SMA and +11.40% higher than its 100-day SMA. However, the stock’s current price level is +18.46% above the SMA50 and -9.31% below the SMA200.

The stochastic %K and %D were 68.75% and 59.79%, respectively, and the average true range (ATR) was 2.14. With the 14-day stochastic at 85.98% and the average true range at 2.17, the RSI (14) stands at 54.90%. The stock has reached 1.62 on the 9-day MACD Oscillator while the 14-day reading was at 1.50.

Analyst Ratings

RBC Capital Mkts reiterated its an Outperform rating on General Electric Company (NYSE: GE), but raised their price target to $93, indicating a potential price increase of 9.95% for the stock. 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 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 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 $107.00, with a median target of $95.00. Taking a look at these predictions, the average price target given by analysts for General Electric Company (GE) stock is $92.71.

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