General Electric Company [GE] Revenue clocked in at $79.62 billion, up 16.11% YTD: What’s Next?

General Electric Company [NYSE: GE] loss -1.72% on the last trading session, reaching $12.54 price per share at the time. The company report on February 24, 2021 that Altair Acquires Flow Simulator; an Integrated Flow, Heat Transfer, and Combustion Design Software, from GE Aviation, to Expand into New Industries.

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Altair and GE Aviation establish strategic engagement to pursue new opportunities.

Altair, (Nasdaq: ALTR) a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI), announced that it has acquired Flow Simulator from GE Aviation. Flow Simulator is an integrated flow, heat transfer, and combustion design software, which enables mixed fidelity simulations to optimize machine and systems design.

General Electric Company represents 8.77 billion in outstanding shares, while the company has a total market value of $111.88 billion with the latest information. GE stock price has been found in the range of $12.41 to $12.84.

If compared to the average trading volume of 78.64M shares, GE reached a trading volume of 88729800 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $12.31 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 0.44, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 4.93.

Trading performance analysis for GE stock

General Electric Company [GE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.33. With this latest performance, GE shares gained by 10.19% in over the last four-week period, additionally plugging by 93.52% over the last 6 months – not to mention a rise of 20.69% 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 61.89, with the RSI for the last a single of trading hit 61.51, and the three-weeks RSI is set at 61.77 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 11.35, while it was recorded at 12.70 for the last single week of trading, and 8.33 for the last 200 days.

General Electric Company [GE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and General Electric Company [GE] shares currently have an operating margin of +3.83 and a Gross Margin at +25.04. General Electric Company’s Net Margin is presently recorded at +7.09.

Return on Total Capital for GE is now 2.55, given the latest momentum, and Return on Invested Capital for the company is 5.43. Return on Equity for this stock inclined to 17.74, with Return on Assets sitting at 2.14. When it comes to the capital structure of this company, General Electric Company [GE] has a Total Debt to Total Equity ratio set at 220.58. Additionally, GE Total Debt to Total Capital is recorded at 68.81, with Total Debt to Total Assets ending up at 30.75. Long-Term Debt to Equity for the company is recorded at 207.17, with the Long-Term Debt to Total Capital now at 64.61.

Reflecting on the efficiency of the workforce at the company, General Electric Company [GE] managed to generate an average of $32,557 per employee. Receivables Turnover for the company is 2.95 with a Total Asset Turnover recorded at a value of 0.30.General Electric Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.60.

General Electric Company [GE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, General Electric Company posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -37.50%. 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.

An analysis of insider ownership at General Electric Company [GE]

There are presently around $68,073 million, or 63.80% of GE stock, in the hands of institutional investors. The top three institutional holders of GE stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 681,876,091, which is approximately -7.086% of the company’s market cap and around 0.24% of the total institutional ownership; VANGUARD GROUP INC, holding 646,951,204 shares of the stock with an approximate value of $8.11 billion in GE stocks shares; and BLACKROCK INC., currently with $7.1 billion in GE stock with ownership of nearly 0.389% of the company’s market capitalization.

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Positions in General Electric Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 882 institutional holders increased their position in General Electric Company [NYSE:GE] by around 446,668,212 shares. Additionally, 873 investors decreased positions by around 291,082,189 shares, while 234 investors held positions by with 4,690,698,477 shares. The mentioned changes placed institutional holdings at 5,428,448,878 shares, according to the latest SEC report filing. GE stock had 269 new institutional investments in for a total of 99,820,354 shares, while 102 institutional investors sold positions of 28,142,326 shares during the same period.

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