As of Thursday close, General Electric Company’s (NYSE:GE) stock was down -$2.61, moving down -2.30 percent to $110.96. The average number of shares traded per day over the past five days has been 3,831,700 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.61 fall in that time frame. In the last twenty days, the average volume was 5,241,240, while in the previous 50 days, it was 4,887,418.
Since last month, GE stock rose 0.97%. Shares of the company fell to $108.83 on 07/19/23, the lowest level in the past month. A 52-week high of $117.96 was reached on 07/25/23 after having rallying from a 52-week low of $48.29. Since the beginning of this year, GE’s stock price has risen by 69.70% or $45.88, and marked a new high 45 times. However, the stock has declined by -5.93% since its 52-week high.
GE stock investors should be aware that General Electric Company (GE) stock had its last reported insider trading activity 22 days ago on Jul 27. Holston Michael J, the Senior Vice President of the company, disposed of 112,614 shares for $115.20 on Jul 27. It resulted in a $12,973,133 divestment by the insider. GENERAL ELECTRIC PENSION TRUST added 35,160 shares at an average price of $995.44 on Jun 30. The insider now owns 175,160 shares following the transaction. On May 22, Senior Vice President Holston Michael J sold 58,292 shares at $104.68 apiece. The transaction was valued at $6,102,007.
Valuation Metrics
Right now, General Electric Company (GE) has a P/E ratio of about 13.30. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 3.87, and the price-to-cash flow ratio of 25.47 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08. On Friday December 7 2018, a $0.88 dividend decrease was announced.
Financial Health
In the three months ended June 29, General Electric Company’s quick ratio stood at 0.90, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.70. On the profitability front, the trailing twelve-month gross margin is 25.10% percent. In the year ended June 29, EBITDA margin amounted to 9.86%, whereas operating margins totaled -0.20%. Based on annual data, GE earned $21.02 billion in gross profit and brought in $76.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.20%. Return on equity (ROE) for the past 12 months was 28.80%.
In General Electric Company’s quarter-end financial report for June 29, it reported total debt of $19.9 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GE’s revenue fell -11.66% to $14.49 billion during the quarter, while net income inched up to $16.7 billion. While analysts expected General Electric Company to report $0.46 quarterly earnings, the actual figure was $0.68 per share, beating the consensus estimate by 47.80%. During the quarter, the company generated $2.04 billion in EBITDA. The liabilities of General Electric Company were 130.64 billion at the end of its most recent quarter ended June 29, and its total debt was $23.88 billion. The value of shareholders’ equity is $1.09 billion.
Technical Picture
This quick technical analysis looks at General Electric Company’s (GE) price momentum. With a historical volatility rate of 20.44%, the RSI 9-day stood at 39.91% on 17 August.
With respect to its five-day moving average, the current General Electric Company price is down by -2.30% percent or -$2.61. At present, GE shares trade -0.25% below its 20-day simple moving average and +21.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.22% above its SMA50 and +82.38% above its SMA200.
Stochastic coefficient K was 29.21% and Stochastic coefficient D was 44.41%, while ATR was 2.20. Given the Stochastic reading of 0.41% for the 14-day period, the RSI (14) reading has been calculated as 45.98%. As of today, the MACD Oscillator reading stands at -0.82, while the 14-day reading stands at -0.59.
Analyst Ratings
General Electric Company downgraded its rating on General Electric Company (NYSE: GE) to a Perform in a note to investors on July 31, 2023. The analysts firm previously had an Outperform rating on the stock.General Electric Company (GE) has been rated Overweight by analysts. According to 0 brokerage firms, GE is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate General Electric Company stock as buy, with 11 recommending it as overweight.
With a median target price of $131.00, the current consensus forecast for the stock is $110.00 – $140.00. Based on these forecasts, analysts predict General Electric Company (GE) will achieve an average price target of $128.61.
