General Electric Company [GE] Revenue clocked in at $74.48 billion, down -21.91% YTD: What’s Next?

General Electric Company [NYSE: GE] gained 0.26% on the last trading session, reaching $73.77 price per share at the time. The company report on September 7, 2022 that GE Aviation opens new Asia-Pacific Service Centre in Australia.

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GE Aviation announced the opening a new state-of-the-art facility in Australia to provide maintenance, repair and overhaul services for customers across the Asia-Pacific region.

The new $8 million Asia-Pacific Service Centre at Brisbane Airport positions GE Aviation to support more customers and expand its presence across the region.

General Electric Company represents 1.10 billion in outstanding shares, while the company has a total market value of $81.62 billion with the latest information. GE stock price has been found in the range of $72.08 to $74.08.

If compared to the average trading volume of 6.44M shares, GE reached a trading volume of 3611059 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 $86.94 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.

Bernstein have made an estimate for General Electric Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $108 to $113. The new note on the price target was released on February 22, 2022, representing the official price target for General Electric Company stock. Previously, the target price had yet another raise to $120, while Bernstein analysts kept a Outperform rating on GE stock.

The Average True Range (ATR) for General Electric Company is set at 2.13, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 2.34, with the Price to Cash per share for the same quarter was set at 18.02. Price to Free Cash Flow for GE in the course of the last twelve months was 28.34 with Quick ratio for the last quarter at 0.80.

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 0.45. With this latest performance, GE shares dropped by -1.55% in over the last four-week period, additionally sinking by -19.16% over the last 6 months – not to mention a drop of -28.09% 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 47.69, with the RSI for the last a single of trading hit 44.72, and the three-weeks RSI is set at 49.47 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 71.44, while it was recorded at 73.00 for the last single week of trading, and 84.37 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 +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 0.80 and a Current Ratio set at 1.10.

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

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 45.90%.

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

There are presently around $56,921 million, or 74.20% of GE stock, in the hands of institutional investors. The top three institutional holders of GE stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 86,642,960, which is approximately 12.342% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 85,483,044 shares of the stock with an approximate value of $6.31 billion in GE stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $6.17 billion in GE stock with ownership of nearly -26.127% of the company’s market capitalization.

Positions in General Electric Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 619 institutional holders increased their position in General Electric Company [NYSE:GE] by around 78,729,302 shares. Additionally, 863 investors decreased positions by around 60,167,941 shares, while 249 investors held positions by with 632,706,187 shares. The mentioned changes placed institutional holdings at 771,603,430 shares, according to the latest SEC report filing. GE stock had 171 new institutional investments in for a total of 17,482,582 shares, while 249 institutional investors sold positions of 2,611,316 shares during the same period.


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