General Electric Company [NYSE: GE] loss -0.18% on the last trading session, reaching $112.68 price per share at the time. The company report on September 5, 2023 at 10:19 AM that Gabelli Funds to Host 29th Annual Aerospace & Defense Symposium at The Harvard Club, New York, NY.
General Electric Company represents 1.09 billion in outstanding shares, while the company has a total market value of $122.87 billion with the latest information. GE stock price has been found in the range of $111.93 to $114.07.
If compared to the average trading volume of 4.66M shares, GE reached a trading volume of 4003111 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 $124.52 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.
Oppenheimer have made an estimate for General Electric Company shares, keeping their opinion on the stock as Perform, with their previous recommendation back on July 31, 2023.
The Average True Range (ATR) for General Electric Company is set at 2.08, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 21.69. Price to Free Cash Flow for GE in the course of the last twelve months was 26.15 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for GE stock
General Electric Company [GE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.30. With this latest performance, GE shares dropped by -1.79% in over the last four-week period, additionally plugging by 30.43% over the last 6 months – not to mention a rise of 99.36% 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 49.34, with the RSI for the last a single of trading hit 46.43, and the three-weeks RSI is set at 51.39 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 111.99, while it was recorded at 113.71 for the last single week of trading, and 93.04 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 +5.23 and a Gross Margin at +27.80. General Electric Company’s Net Margin is presently recorded at +1.13.
Return on Total Capital for GE is now 5.26, given the latest momentum, and Return on Invested Capital for the company is 1.23. Return on Equity for this stock inclined to 2.27, with Return on Assets sitting at 0.45. When it comes to the capital structure of this company, General Electric Company [GE] has a Total Debt to Total Equity ratio set at 95.54. Additionally, GE Total Debt to Total Capital is recorded at 48.86, with Total Debt to Total Assets ending up at 18.50. Long-Term Debt to Equity for the company is recorded at 85.22, with the Long-Term Debt to Total Capital now at 43.58.
Reflecting on the efficiency of the workforce at the company, General Electric Company [GE] managed to generate an average of $5,052 per employee. Receivables Turnover for the company is 3.68 with a Total Asset Turnover recorded at a value of 0.40.General Electric Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.30.
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 29.00%.
An analysis of Institutional ownership at General Electric Company [GE]
The top three institutional holders of GE stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in GE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in GE stock with ownership which is approximately 5.7381%.