General Electric Company (NYSE:GE) finished Friday with an addition of $0.93 to close at $111.97, an upside of 0.84 percent. An average of 2,981,160 shares of common stock have been traded in the last five days. There was a gain of $0.18 in the past week, and it reached a new high 57 times over the past 12 months. The last 20 days have seen an average of 3,773,950 shares traded, while the 50-day average volume stands at 4,725,272.
GE stock has decreased by -2.99% in the last month. The company shares reached their 1-month lowest point of $110.02 on 08/18/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $48.29 and a high of $117.96 in 52 weeks. It has reached a new high 45 times so far this year and achieved 71.25% or $46.89 in price. In spite of this, the price is down -5.08% from the 52-week high.
Insider Transactions
GE stock investors should be aware that General Electric Company (GE) stock had its last reported insider trading activity 30 days ago on Jul 27. In this transaction, the insider spent $12,973,133. Senior Vice President, Holston Michael J, disposed of 58,292 shares at a price of $104.68 on May 22. The insider now owns more than $6,102,007 worth of shares. Prior to that, Senior Vice President Strazik Scott went on to Sale 173,873 shares at $99.56 each on May 10. An amount of $17,310,796 was transacted.
Valuation Metrics
General Electric Company (GE) has a trailing price-to-earnings (P/E) ratio of 13.42. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.68, the price-to-book (PB) ratio at 3.91, and the price-to-cash flow ratio at 25.74.
The company has a payout ratio of 3.80%. The company’s most recent quarterly dividend payment was $0.08 a share, without any change from last year. Its latest decrease dividend $0.88 reported on Friday December 7 2018.
Financial Health
The quick ratio of General Electric Company for the three months ended June 30 was 0.90, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.70 for the quarter ending June 30. General Electric Company’s EBITDA margin for the year ending June 30 is 9.86%, while its operating margin for the same period stands at -0.20%. Its gross profit as reported stood at $21.02 billion compared to revenue of $76.56 billion.
Earnings Surprise
For the three-month period that ended June 30, General Electric Company had $19.9 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 -$23.0 million in the quarter, while revenues of $7.36 billion were shrunk -3626.09%. 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 $0.68, a 47.80% surprise. For the quarter, EBITDA amounted to $2.04 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 25 August was 47.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.45%.
As of today, GE’s price is $112.03 +0.16% or $0.18 from its 5-day moving average. GE is currently trading -2.12% lower than its 20-day SMA and +15.53% higher than its 100-day SMA. However, the stock’s current price level is +6.94% above the SMA50 and +72.73% above the SMA200.
The stochastic %K and %D were 36.73% and 37.42%, respectively, and the average true range (ATR) was 2.20. With the 14-day stochastic at 33.47% and the average true range at 2.17, the RSI (14) stands at 49.37%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.
Analyst Ratings
Oppenheimer downgraded General Electric Company (NYSE: GE) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. 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 1 analysts, while 11 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 $110.00 and $140.00, with a median target of $131.00. Taking a look at these predictions, the average price target given by analysts for General Electric Company (GE) stock is $128.61.
