General Electric Company [NYSE: GE] slipped around -0.44 points on Tuesday, while shares priced at $8.02 at the close of the session, down -5.20%. General Electric Company stock is now -28.14% down from its year-to-date (YTD) trading value. GE Stock saw the intraday high of $8.21 and lowest of $7.90 per share. The company’s 52-week high price is 13.26, which means current price is +46.35% above from all time high which was touched on 02/12/20.
Compared to the average trading volume of 121.76M shares, GE reached a trading volume of 117065567 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about General Electric Company [GE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GE shares is $8.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for General Electric Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 30, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $11 to $9. The new note on the price target was released on April 23, 2020, representing the official price target for General Electric Company stock. Previously, the target price had yet another raise from $5 to $8, while JP Morgan kept a Neutral rating on GE stock.
The Average True Range (ATR) for General Electric Company is set at 0.46, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 5.41.
How has GE stock performed recently?
General Electric Company [GE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.76. With this latest performance, GE shares gained by 27.50% in over the last four-week period, additionally sinking by -27.75% over the last 6 months – not to mention a drop of -20.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GE stock in for the last two-week period is set at 63.40, with the RSI for the last a single of trading hit 66.60, and the three-weeks RSI is set at 58.77 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 6.73, while it was recorded at 7.89 for the last single week of trading, and 9.39 for the last 200 days.
General Electric Company [GE]: Deeper insight into the fundamentals
Earnings analysis for General Electric Company [GE]
With the latest financial reports released by the company, General Electric Company posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for General Electric Company go to -0.07%.