General Electric Co. [GE] moved up 0.94: Why It’s Important

General Electric Co. [NYSE: GE] closed the trading session at $154.77. The company report on February 26, 2024 at 2:14 PM that GE Vernova and Dragos Team Up to Protect Electric Grids from Cyber Threats.

GE Vernova’s Grid Solutions partners with Dragos Inc. to offer comprehensive industrial cybersecurity solutions for enhancing grid resilience..

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The partnership aims to strengthen defense mechanisms of the electric grid by combining expertise in grid automation and operational technology (OT) cybersecurity.

The stocks have a year to date performance of 21.26 percent and weekly performance of 3.76 percent. The stock has been moved at 39.38 percent over the last six months. The stock has performed 19.12 percent around the most recent 30 days and changed 29.41 percent over the most recent 3-months.

If compared to the average trading volume of 4.84M shares, GE reached to a volume of 5582203 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 Co. [GE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GE shares is $156.19 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 1.74. 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 Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 18, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $115 to $144. The new note on the price target was released on December 15, 2023, representing the official price target for General Electric Co. stock. Previously, the target price had yet another raise to $140, while Wolfe Research analysts kept a Outperform rating on GE stock.

The Average True Range (ATR) for General Electric Co. is set at 2.40, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 2.48. The Price to Book ratio for the last quarter was 6.15, with the Price to Cash per share for the same quarter was set at 20.83. Price to Free Cash Flow for GE in the course of the last twelve months was 47.00 with Quick ratio for the last quarter at 0.85.

GE stock trade performance evaluation

General Electric Co. [GE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.76. With this latest performance, GE shares gained by 19.12% in over the last four-week period, additionally plugging by 39.38% over the last 6 months – not to mention a rise of 86.60% 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 89.00, with the RSI for the last a single of trading hit 93.20, and the three-weeks RSI is set at 84.67 for General Electric Co. [GE]. The present Moving Average for the last 50 days of trading for this stock 133.23, while it was recorded at 151.49 for the last single week of trading, and 116.57 for the last 200 days.

General Electric Co. [GE]: An insightful look at the core fundamentals

General Electric Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.18.

Earnings per share (EPS) analysis for General Electric Co. [GE] stock

With the latest financial reports released by the company, General Electric Co. posted 0.27/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 92.90%. 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 Co. go to 34.41%.

General Electric Co. [GE]: Institutional Ownership

The top three institutional holders of GE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in GE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in GE stock with ownership which is approximately 5.8325%.