General Electric Company [NYSE: GE] jumped around 0.04 points on Friday, while shares priced at $11.11 at the close of the session, up 0.36%. The company report on January 16, 2021 that IDC MarketScape Names GE Digital a Leader in Four Worldwide Asset Performance Management Vendor Assessments.
GE Digital’s APM recognized for leadership in capabilities across Oil & Gas, Utilities, Mining, and Manufacturing industries.
Reports show that as demand for operational asset optimization strategies increases around the world, APM software and services have become more valuable.
General Electric Company stock is now 2.87% up from its year-to-date (YTD) trading value. GE Stock saw the intraday high of $11.18 and lowest of $10.90 per share. The company’s 52-week high price is 13.26, which means current price is +6.83% above from all time high which was touched on 01/12/21.
Compared to the average trading volume of 95.32M shares, GE reached a trading volume of 52113307 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 $11.75 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 2.00. 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.
DZ Bank have made an estimate for General Electric Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 16, 2020. The new note on the price target was released on November 24, 2020, representing the official price target for General Electric Company stock. Previously, the target price had yet another raise to $10, while Goldman analysts kept a Buy rating on GE stock. On April 30, 2020, analysts decreased their price target for GE shares from 15 to 10.
The Average True Range (ATR) for General Electric Company is set at 0.35, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 2.92, with the Price to Cash per share for the same quarter was set at 4.49. Price to Free Cash Flow for GE in the course of the last twelve months was 44.63.
How has GE stock performed recently?
General Electric Company [GE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.72. With this latest performance, GE shares gained by 3.16% in over the last four-week period, additionally plugging by 57.81% over the last 6 months – not to mention a drop of -5.61% 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 52.34, with the RSI for the last a single of trading hit 47.05, and the three-weeks RSI is set at 56.01 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 10.64, while it was recorded at 11.27 for the last single week of trading, and 7.71 for the last 200 days.
General Electric Company [GE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and General Electric Company [GE] shares currently have an operating margin of +9.22 and a Gross Margin at +29.96. General Electric Company’s Net Margin is presently recorded at +0.44.
Return on Total Capital for GE is now 6.12, given the latest momentum, and Return on Invested Capital for the company is 0.37. Return on Equity for this stock inclined to 1.40, with Return on Assets sitting at 0.14. When it comes to the capital structure of this company, General Electric Company [GE] has a Total Debt to Total Equity ratio set at 332.12. Additionally, GE Total Debt to Total Capital is recorded at 76.86, with Total Debt to Total Assets ending up at 34.31. Long-Term Debt to Equity for the company is recorded at 251.52, with the Long-Term Debt to Total Capital now at 58.19.
Reflecting on the efficiency of the workforce at the company, General Electric Company [GE] managed to generate an average of $2,029 per employee. Receivables Turnover for the company is 3.12 with a Total Asset Turnover recorded at a value of 0.32.
Earnings analysis for General Electric Company [GE]
With the latest financial reports released by the company, General Electric Company posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. 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 -2.75%.