General Electric Company [GE] Stock trading around $73.31 per share: What’s Next?

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General Electric Company [NYSE: GE] traded at a high on 05/10/22, posting a 0.47 gain after which it closed the day’ session at $73.31. The company report on May 6, 2022 that A Bold New World: GE Healthcare’s Pioneering Deep Learning Image Reconstruction Technology Benefits More Than 2 Million Patients Globally.

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Artificial intelligence (AI) and healthcare access remain key themes at ISMRM as researchers and clinicians seek more efficient and effective solutions in today’s resource-constrained environment.

GE Healthcare highlights the continued expansion of its state-of-the-art AIR Recon DL technology across the totality of its 1.5T, 3.0T and 7.0T MR product portfolio.

The results of the trading session contributed to over 6811586 shares changing hands. Over the past one week, the price volatility of General Electric Company stands at 4.37% while the volatility over the past one month is 3.56%.

The market cap for GE stock reached $81.06 billion, with 1.10 billion shares outstanding and 1.10 billion shares in the current float. Compared to the average trading volume of 7.01M shares, GE reached a trading volume of 6811586 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 $104.17 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 2.10. 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.

RBC Capital Mkts have made an estimate for General Electric Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on January 11, 2022, representing the official price target for General Electric Company stock. Previously, the target price had yet another raise to $122, while Credit Suisse analysts kept a Outperform 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 1.09. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 21.36. Price to Free Cash Flow for GE in the course of the last twelve months was 27.85 with Quick ratio for the last quarter at 0.90.

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 -5.60. With this latest performance, GE shares dropped by -18.31% in over the last four-week period, additionally sinking by -32.38% over the last 6 months – not to mention a drop of -29.99% 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 28.53, with the RSI for the last a single of trading hit 26.81, and the three-weeks RSI is set at 30.85 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 88.57, while it was recorded at 76.71 for the last single week of trading, and 97.70 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 +6.01 and a Gross Margin at +27.82. General Electric Company’s Net Margin is presently recorded at -4.49.

Return on Equity for this stock declined to -8.79, with Return on Assets sitting at -1.47.

General Electric Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings analysis for General Electric Company [GE]

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 54.10%.

Insider trade positions for General Electric Company [GE]

There are presently around $53,616 million, or 67.80% 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 115,488,862, which is approximately 6.137% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 82,214,690 shares of the stock with an approximate value of $6.0 billion in GE stocks shares; and BLACKROCK INC., currently with $4.98 billion in GE stock with ownership of nearly -2.874% of the company’s market capitalization.

Positions in General Electric Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 685 institutional holders increased their position in General Electric Company [NYSE:GE] by around 47,681,883 shares. Additionally, 888 investors decreased positions by around 92,672,354 shares, while 264 investors held positions by with 594,413,413 shares. The mentioned changes placed institutional holdings at 734,767,650 shares, according to the latest SEC report filing. GE stock had 184 new institutional investments in for a total of 4,910,208 shares, while 228 institutional investors sold positions of 10,611,524 shares during the same period.