GE Aerospace (NYSE: GE) has a higher price-to-earnings ratio of 51.17x compared to its average ratio. GE has 36-month beta value of 1.23. Analysts have mixed views 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 1.23% ratio of that float. The average trading volume of GE on June 17, 2024 was 7.39M shares.
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GE) stock’s latest price update
The stock price of GE Aerospace (NYSE: GE) has surged by 0.12 when compared to previous closing price of 155.69, but the company has seen a -3.73% decline in its stock price over the last five trading sessions. fool.com reported 2024-06-14 that GE stock is up significantly over the last five years, and the spinoffs have also returned assets to investors. Investors have benefitted from Larry Culp’s tenure as CEO.
GE’s Market Performance
GE’s stock has fallen by -3.73% in the past week, with a monthly drop of -4.64% and a quarterly rise of 15.73%. The volatility ratio for the week is 2.37% while the volatility levels for the last 30 days are 2.32% for GE Aerospace The simple moving average for the past 20 days is -3.90% for GE’s stock, with a 32.43% simple moving average for the past 200 days.
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 -2.85% 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 -8.74% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -3.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.76% upper at present.
During the last 5 trading sessions, GE fell by -3.73%, which changed the moving average for the period of 200-days by +68.95% in comparison to the 20-day moving average, which settled at $161.94. In addition, GE Aerospace saw 53.14% 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 Stokes Russell, who sale 45,309 shares at the price of $162.82 back on May 23 ’24. After this action, Stokes Russell now owns 112,958 shares of GE Aerospace, valued at $7,377,211 using the latest closing price.
Giglietti Robert M., the Vice President of GE Aerospace, sale 5,127 shares at $160.19 during a trade that took place back on May 22 ’24, which means that Giglietti Robert M. is holding 6,448 shares at $821,294 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 2.51. 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 put it simply, GE Aerospace (GE) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
