In the past week, GE stock has gone up by 1.65%, with a monthly gain of 6.97% and a quarterly surge of 52.24%. The volatility ratio for the week is 2.35%, and the volatility levels for the last 30 days are 3.34% for GE Aerospace The simple moving average for the last 20 days is 5.98% for GE’s stock, with a simple moving average of 55.51% for the last 200 days.
Is It Worth Investing in GE Aerospace (NYSE: GE) Right Now?
The price-to-earnings ratio for GE Aerospace (NYSE: GE) is 54.89x, which is above its average ratio. Moreover, the 36-month beta value for GE is 1.25. Analysts have varying opinions on the stock, 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 currently, short sellers hold a 1.00% of that float. On May 06, 2024, GE’s average trading volume was 8.53M shares.
GE) stock’s latest price update
GE Aerospace (NYSE: GE) has experienced a rise in its stock price by 1.88 compared to its previous closing price of 164.11. However, the company has seen a gain of 1.65% in its stock price over the last five trading days. The Motley Fool reported 2024-05-01 that GE Aerospace — all that remains of the old General Electric — outperformed on earnings last week. GE shares are up 100% over the past year, and Wells Fargo analyst Matthew Akers thinks they’re going even higher.
Analysts’ Opinion of GE
Many brokerage firms have already submitted their reports for GE stocks, with TD Cowen repeating the rating for GE by listing it as a “Buy.” The predicted price for GE in the upcoming period, according to TD Cowen is $180 based on the research report published on April 09, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see GE reach a price target of $190. The rating they have provided for GE stocks is “Buy” according to the report published on April 09th, 2024.
Vertical Research gave a rating of “Buy” to GE, setting the target price at $160 in the report published on April 04th of the current year.
GE Trading at 16.16% 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 0.57% of gains for the given period.
Volatility was left at 3.34%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +6.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.27% upper at present.
During the last 5 trading sessions, GE rose by +1.62%, which changed the moving average for the period of 200-days by +87.83% in comparison to the 20-day moving average, which settled at $158.30. In addition, GE Aerospace saw 64.26% 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 0.07. The total capital return value is set at 0.03. Equity return is now at value 14.12, with 2.64 for asset returns.
Based on GE Aerospace (GE), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 3.49.
Currently, EBITDA for the company is 8.48 billion with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 4.18for 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 1.17.
Conclusion
To wrap up, the performance of GE Aerospace (GE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
