At the time of writing, GE Aerospace [GE] stock is trading at $161.05, up 0.43%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GE shares have lost -0.92% over the last week, with a monthly amount glided 0.97%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
GE Aerospace [NYSE: GE] stock has seen the most recent analyst activity on April 09, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $180 from $175. On April 04, 2024, Vertical Research initiated with a Buy rating and assigned a price target of $160 on the stock. Wells Fargo reiterated its Overweight rating and increased its price target to $200 on March 27, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $180 on March 08, 2024. In a note dated December 15, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $115 to $144.
For the past year, the stock price of GE Aerospace fluctuated between $81.86 and $170.80. Currently, Wall Street analysts expect the stock to reach $150.68 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $161.05 at the most recent close of the market. An investor can expect a potential drop of -6.44% based on the average GE price forecast.
Analyzing the GE fundamentals
According to GE Aerospace [NYSE:GE], the company’s sales were 69.52B for trailing twelve months, which represents an 10.83% jump. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.17 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 0.69.
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 159.17 points at the first support level, and at 157.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 162.93, and for the 2nd resistance point, it is at 164.82.
Ratios To Look Out For
It is important to note that GE Aerospace [NYSE:GE] has a current ratio of 1.17. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 2.54, the price to book ratio is 5.90 and price to earnings (TTM) ratio is 52.87.
Transactions by insiders
Recent insider trading involved Stokes Russell, Senior Vice President, that happened on May 23 ’24 when 45309.0 shares were sold. Vice President, Giglietti Robert M. completed a deal on May 22 ’24 to sell 5127.0 shares. Meanwhile, Senior Vice President Procacci Riccardo sold 5464.0 shares on May 21 ’24.
