General Electric Company [NYSE: GE] closed the trading session at $103.71 on 08/09/21. The day’s price range saw the stock hit a low of $102.03, while the highest price level was $104.2699. The company report on August 9, 2021 that GE Healthcare Brings Radiology Without Walls to Resource-Constrained Small Imaging Centers With AI-Enabled, Cloud Imaging Solution.
Edison True PACS1 is a transformative system, offering AI-enabled decision support to help radiologists adapt to higher workloads and increased exam complexity, and improve diagnostic accuracy.
Innovative, cloud-based system removes barriers to adopting new diagnostic radiology efficiency applications and supports distributed reading models such as teleradiology, a surging trend since COVID-19.
The stocks have a year to date performance of 20.03 percent and weekly performance of 3.09 percent. The stock has been moved at 11.66 percent over the last six months. The stock has performed -1.49 percent around the most recent 30 days and changed -2.89 percent over the most recent 3-months.
If compared to the average trading volume of 7.90M shares, GE reached to a volume of 7870053 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about General Electric Company [GE]:
Citigroup have made an estimate for General Electric Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 14, 2021. The new note on the price target was released on March 11, 2021, representing the official price target for General Electric Company stock. Previously, the target price had yet another raise from $13 to $17, while Morgan Stanley kept a Overweight rating on GE stock.
The Average True Range (ATR) for General Electric Company is set at 3.18, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 3.40, with the Price to Cash per share for the same quarter was set at 26.43. Price to Free Cash Flow for GE in the course of the last twelve months was 1809.76 with Quick ratio for the last quarter at 1.50.
GE stock trade performance evaluation
General Electric Company [GE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.09. With this latest performance, GE shares dropped by -1.49% in over the last four-week period, additionally plugging by 11.66% over the last 6 months – not to mention a rise of 102.56% 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 50.05, with the RSI for the last a single of trading hit 51.28, and the three-weeks RSI is set at 49.39 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 105.45, while it was recorded at 103.44 for the last single week of trading, and 96.28 for the last 200 days.
General Electric Company [GE]: An insightful look at the core fundamentals
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 1.50 and a Current Ratio set at 1.80.