General Electric Company (NYSE:GE) saw a downside of -1.03% to close Tuesday at $113.55 after subtracting -$1.18 on the day. The 5-day average trading volume is 3,945,940 shares of the company’s common stock. It has gained $114.98 in the past week and touched a new high 3 times within the past 5 days. An average of 5,174,480 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,233,330.
GE’s 1-month performance is 2.73% or $5.28 on its low of $108.37 reached on 07/10/23. The company’s shares have touched a 52-week low of $48.29 and high of $117.96, with the stock’s rally to the 52-week high happening on 07/25/23. YTD, GE has achieved 73.66% or $48.47 and has reached a new high 45 times. However, the current price is down -3.74% from the 52-week high price.
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Insider Transactions
GE stock investors last saw insider trading activity on Jul 27.Holston Michael J (Senior Vice President) most recently sold 112,614 shares at $115.20 per share on Jul 27. This transaction cost the insider $12,973,133. Senior Vice President, Holston Michael J, sold 58,292 shares at a price of $104.68 on May 22. Then, on May 10, Senior Vice President Strazik Scott sold 173,873 shares at a price of $99.56 per share. This transaction amounted to $17,310,796.
Valuation Metrics
GE stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.70 while the price-to-book (PB) in the most recent quarter is 3.96, with the price to cash flow ratio at 30.67.
General Electric Company’s quick ratio for the recent period was 0.90, with the current ratio over the same period at 1.30.. In terms of profitability, the gross margin trailing 12 months is 25.10%. The trailing 12-month EBITDA margin is 9.86%. The firm’s gross profit as reported stood at $21.02 billion against revenue of $76.56 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -3626.09% to -$23.0 million, while revenue of $7.36 billion was 32100.0% off the previous quarter. EBITDA for the quarter stood at more than $2.04 billion. GE stock balance sheet for the recent quarter shows that total liabilities totaled 130.64 billion, with total debt at $23.88 billion. Shareholders hold equity totaling $1.09 billion.
Let’s look briefly at General Electric Company (GE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 54.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.80%.
The stock’s 5-day moving average is $113.13, reflecting a +0.29% or $0.33 change from its current price. GE is currently trading +2.09% above its 20-day SMA, +26.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.85% and SMA200 by+107.28%.
Stochastic %K and %D was 52.27% and 47.33% and the average true range (ATR) pointed at 2.06. The RSI (14) points at 56.74%, while the 14-day stochastic is at 45.82% with the period’s ATR at 2.07. The stock’s 9-day MACD Oscillator is pointing at 0.12 and 0.45 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for General Electric Company (NYSE: GE), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for GE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GE as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is GE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $110.00 and a high of $140.00, with their median price target at $131.00. Looking at these predictions, the average price target given by analysts is for General Electric Company (GE) stock is $127.75.
