General Electric Co. (NYSE: GE) has a price-to-earnings ratio that is above its average at 13.74x. and a 36-month beta value of 1.30. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price predicted for General Electric Co. (GE) by analysts is $133.38, which is $13.45 above the current market price. The public float for GE is 1.08B, and at present, short sellers hold a 0.70% of that float. On November 20, 2023, the average trading volume of GE was 4.62M shares.
GE) stock’s latest price update
General Electric Co. (NYSE: GE)’s stock price has increased by 0.83 compared to its previous closing price of 118.94. However, the company has seen a 4.04% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-18 that Manufacturing stocks are often considered bellwethers for economic shifts and offer unique investment opportunities. As manufacturing activity typically precedes broader market trends, it’s perhaps a more opportune moment to consider undervalued manufacturing stocks.
GE’s Market Performance
General Electric Co. (GE) has seen a 4.04% rise in stock performance for the week, with a 12.14% gain in the past month and a 7.06% surge in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 2.37% for GE. The simple moving average for the last 20 days is 7.61% for GE stock, with a simple moving average of 15.77% for the last 200 days.
Analysts’ Opinion of GE
Many brokerage firms have already submitted their reports for GE stocks, with Deutsche Bank repeating the rating for GE by listing it as a “Buy.” The predicted price for GE in the upcoming period, according to Deutsche Bank is $141 based on the research report published on September 28, 2023 of the current year 2023.
GE Trading at 7.52% 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 able to rebound, for now settling with 0.82% of gains for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +13.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.35% upper at present.
During the last 5 trading sessions, GE rose by +4.04%, which changed the moving average for the period of 200-days by +42.88% in comparison to the 20-day moving average, which settled at $112.14. In addition, General Electric Co. saw 83.42% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GE starting from Holston Michael J, who sale 112,614 shares at the price of $115.20 back on Jul 27. After this action, Holston Michael J now owns 57,923 shares of General Electric Co., valued at $12,973,133 using the latest closing price.
GENERAL ELECTRIC PENSION TRUST, the 10% Owner of General Electric Co., purchase 35,160 shares at $995.44 during a trade that took place back on Jun 30, which means that GENERAL ELECTRIC PENSION TRUST is holding 175,160 shares at $35,000,000 based on the most recent closing price.
Stock Fundamentals for GE
Current profitability levels for the company are sitting at:
- +5.23 for the present operating margin
- +27.80 for the gross margin
The net margin for General Electric Co. stands at +1.13. The total capital return value is set at 5.26, while invested capital returns managed to touch 1.23. Equity return is now at value 32.47, with 5.78 for asset returns.
Based on General Electric Co. (GE), the company’s capital structure generated 95.54 points at debt to equity in total, while total debt to capital is 48.86. Total debt to assets is 18.50, with long-term debt to equity ratio resting at 85.22. Finally, the long-term debt to capital ratio is 43.58.
When we switch over and look at the enterprise to sales, we see a ratio of 2.00, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 3.68 and the total asset turnover is 0.40. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
To sum up, General Electric Co. (GE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.