A share price of General Electric Co. [GE] is currently trading at $167.96, up 0.88%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GE shares have gain 5.87% over the last week, with a monthly amount glided 21.27%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, GE Aerospace Hosts 2024 Investor Day. In a post published today on Yahoo Finance, GE Aerospace reaffirms guidance and presents longer-term financial outlook, including achieving ~$10B of operating profit* in 2028.
From an analyst’s perspective:
General Electric Co. [NYSE: GE] stock has seen the most recent analyst activity on March 08, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $180 from $166. On December 15, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $144 on the stock. Deutsche Bank initiated its recommendation with a Buy and recommended $141 as its price target on September 28, 2023. Oppenheimer downgraded its rating to Perform for this stock on July 31, 2023. In a note dated July 17, 2023, Jefferies reiterated an Buy rating on this stock and boosted its target price from $120 to $130.
General Electric Co. experienced fluctuations in its stock price throughout the past year between $86.07 and $166.73. Currently, Wall Street analysts expect the stock to reach $107.63 within the next 12 months. General Electric Co. [NYSE: GE] shares were valued at $167.96 at the most recent close of the market. An investor can expect a potential drop of -35.92% based on the average GE price forecast.
Analyzing the GE fundamentals
Trailing Twelve Months sales for General Electric Co. [NYSE:GE] were 67.95B which represents -10.96% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.37 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 164.94 points at the first support level, and at 161.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 173.40, and for the 2nd resistance point, it is at 178.84.
General Electric Co. [GE] reported earnings per share of $1.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.91/share, meaning a difference of $0.12 and a surprise factor of 13.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.82 per share as compared to estimates of $0.56 per share, a difference of $0.26 representing a surprise of 46.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for General Electric Co. [NYSE:GE] is 1.18. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 6.68 and price to earnings (TTM) ratio is 20.10.
Transactions by insiders
Recent insider trading involved Holston Michael J, Senior Vice President, that happened on Feb 14 ’24 when 22055.0 shares were sold. Senior Vice President, Holston Michael J completed a deal on Feb 02 ’24 to sell 13601.0 shares. Meanwhile, Senior Vice President Holston Michael J sold 0.11 million shares on Jul 27 ’23.
