General Electric Company (NYSE:GE) went up by 0.21% from its latest closing price compared to the recent 1-year high of $116.17. The company’s stock price has collected -5.15% of loss in the last five trading sessions. Barron’s reported on 09/16/22 that GE Tumbles. Supply Chain Is Squeezing Cash Flow.
Is It Worth Investing in General Electric Company (NYSE :GE) Right Now?
Plus, the 36-month beta value for GE is at 1.11. Opinions of the stock are interesting as 12 analysts out of 22 who provided ratings for General Electric Company declared the stock was a “buy,” while 2 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $88.35, which is $22.46 above the current price. GE currently public float of 1.09B and currently shorts hold a 0.92% ratio of that float. Today, the average trading volume of GE was 6.36M shares.
GE’s Market Performance
GE stocks went down by -5.15% for the week, with a monthly drop of -14.11% and a quarterly performance of 2.01%, while its annual performance rate touched -33.67%. The volatility ratio for the week stands at 2.39% while the volatility levels for the past 30 days are set at 2.91% for General Electric Company. The simple moving average for the period of the last 20 days is -9.48% for GE stocks with a simple moving average of -21.35% for the last 200 days.
Analysts’ Opinion of GE
Many brokerage firms have already submitted their reports for GE stocks, with Bernstein repeating the rating for GE by listing it as a “Outperform.” The predicted price for GE in the upcoming period, according to Bernstein is $100 based on the research report published on August 17th of the current year 2022.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see GE reach a price target of $113, previously predicting the price at $108. The rating they have provided for GE stocks is “Outperform” according to the report published on February 22nd, 2022.
Bernstein gave a rating of “Outperform” to GE, setting the target price at $120 in the report published on January 11th of the current year.
GE Trading at -9.99% from the 50-Day Moving Average
After a stumble in the market that brought GE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.74% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -14.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.40% upper at present.
During the last 5 trading sessions, GE fell by -5.15%, which changed the moving average for the period of 200-days by -31.92% in comparison to the 20-day moving average, which settled at $71.64. In addition, General Electric Company saw -30.81% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at GE starting from Pecresse Jerome, who sale 1,442 shares at the price of $74.13 back on May 11. After this action, Pecresse Jerome now owns 15,943 shares of General Electric Company, valued at $106,895 using the latest closing price.
Reynolds Paula Rosput, the Director of General Electric Company, purchase 1,200 shares at $77.65 during a trade that took place back on May 06, which means that Reynolds Paula Rosput is holding 5,563 shares at $93,180 based on the most recent closing price.
Stock Fundamentals for GE
Current profitability levels for the company are sitting at:
- +6.01 for the present operating margin
- +27.82 for the gross margin
The net margin for General Electric Company stands at -4.49. Equity return is now at value -12.30, with -2.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.