GE Aerospace (NYSE: GE) has seen a rise in its stock price by 6.05 in relation to its previous close of 147.39. However, the company has experienced a 11.65% gain in its stock price over the last five trading sessions. Schwab Network reported 2024-04-05 that GE Aerospace (GE) raises its dividend by 250%. Renita Young discusses this as it’s the first dividend since spinning off its power business now GE Vernova.
Is It Worth Investing in GE Aerospace (NYSE: GE) Right Now?
GE Aerospace (NYSE: GE) has a price-to-earnings ratio that is above its average at 18.70x. The stock has a 36-month beta value of 1.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 3 as “sell.”
The public float for GE is 1.09B, and at present, short sellers hold a 1.47% of that float. On April 08, 2024, the average trading volume of GE was 8.17M shares.
GE’s Market Performance
The stock of GE Aerospace (GE) has seen a 11.65% increase in the past week, with a 22.87% rise in the past month, and a 57.21% gain in the past quarter. The volatility ratio for the week is 5.21%, and the volatility levels for the past 30 days are at 3.28% for GE. The simple moving average for the last 20 days is 13.29% for GE stock, with a simple moving average of 56.28% for the last 200 days.
Analysts’ Opinion of GE
Many brokerage firms have already submitted their reports for GE stocks, with Vertical Research repeating the rating for GE by listing it as a “Buy.” The predicted price for GE in the upcoming period, according to Vertical Research is $160 based on the research report published on April 04, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see GE reach a price target of $200, previously predicting the price at $177. The rating they have provided for GE stocks is “Overweight” according to the report published on March 27th, 2024.
JP Morgan gave a rating of “Overweight” to GE, setting the target price at $180 in the report published on March 08th of the current year.
GE Trading at 25.64% 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 2.84% of gains for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 5.21%, as shares sank -6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.30% upper at present.
During the last 5 trading sessions, GE fell by -10.96%, which changed the moving average for the period of 200-days by +50.26% in comparison to the 20-day moving average, which settled at $167.04. In addition, GE Aerospace saw 53.55% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GE starting from Holston Michael J, who sale 22,055 shares at the price of $144.87 back on Feb 14 ’24. After this action, Holston Michael J now owns 56,284 shares of GE Aerospace, valued at $3,195,108 using the latest closing price.
Holston Michael J, the Senior Vice President of GE Aerospace, sale 13,601 shares at $135.55 during a trade that took place back on Feb 02 ’24, which means that Holston Michael J is holding 48,339 shares at $1,843,616 based on the most recent closing price.
Stock Fundamentals for GE
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.26 for the gross margin
The net margin for GE Aerospace stands at 0.16. The total capital return value is set at 0.03. Equity return is now at value 28.45, with 5.17 for asset returns.
Based on GE Aerospace (GE), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 3.37.
Currently, EBITDA for the company is 8.48 billion with net debt to EBITDA at 1.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 3.9for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To sum up, GE Aerospace (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.
