The stock of General Electric Company (NYSE:GE) increased by $1.37 on Tuesday to finish at $115.33, up 1.20 percent. The last five days have seen an average of 3,358,480 shares of common stock traded. 45 times new highs were reached in the current year, with a gain of $50.25. The average number of shares traded over the last 20 days was 3,677,875, while the average volume over the last 50 days totaled 4,516,078.
GE stock appreciated 0.95% since last month. On 08/18/23, the company’s shares reached a one-month low of $110.02. The stock touched a high of $117.96 on 07/25/23, after rallying from a low of $48.29 in 52 weeks. The price of GE stock has risen by 76.39% or $50.25 this year, reaching a new high 45 times. Still, the stock price is down -2.23% 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 34 days ago on Jul 27. On Jul 27, Senior Vice President Holston Michael J sold 112,614 shares at $115.20 each. This transaction resulted in the insider making $12,973,133. On Jun 30, GENERAL ELECTRIC PENSION TRUST added 35,160 shares at a price of US$995.44. After the transaction, the insider now owns 175,160 shares. Senior Vice President Holston Michael J had earlier sold 58,292 shares on May 22 for $104.68 a share. The transaction was completed for $6,102,007.
Valuation Metrics
General Electric Company (GE) has a trailing price-to-earnings (P/E) ratio of 13.82. Beta for the stock is 1.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 4.03, and the price-to-cash flow ratio of 26.49.
Company paid $0.08 per share in dividends, remained unchanged from $0.08 last year. A $0.88 dividend decrease was reported on Friday December 7 2018.
Financial Health
For the three months ended June 30, General Electric Company’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.64, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 25.10% percent. General Electric Company’s EBITDA margin for the year ended June 30 was 9.86%, whereas its operating margin stood at -0.20% for the same period. Based on annual data, it had gross profit of $21.02 billion and revenue of $76.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GE’s return on assets (ROA) during the last 12 months has been 5.30%. There was a -1.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.80%.
Earnings Surprise
According to General Electric Company’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $16.7 billion, while revenues fell by -11.66% to $14.49 billion. It was predicted that General Electric Company’s quarterly earnings would be $0.68, but it ended up being $0.46, beating the consensus by 47.80%. EBITDA was $2.04 billion for the quarter. At the end of General Electric Company’s most recent quarter ended June 30, its liabilities totaled 130.64 billion, while its total debt was $23.88 billion. Equity owned by shareholders amounts to $1.09 billion.
Technical Picture
Here’s a quick look at General Electric Company’s (GE) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 61.15%, suggesting the stock is Neutral, with a 22.62% historical volatility rate.
The stochastic %K and %D were 64.08% and 46.78% respectively, while the average true range (ATR) was 2.28. Based on the 14-day stochastic reading of 91.14%, the RSI (14) reading is 58.49%. On the 9-day MACD Oscillator, the stock is at 1.29, and the 14-day reading is at 0.66.
Analyst Ratings
General Electric Company (NYSE: GE) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned General Electric Company (GE) an Overweight rating. GE is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is GE’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $140.00, with a median target price of $131.00. In analyzing these forecasts, the average price target given by analysts for General Electric Company (GE) is $128.61.
