GE Aerospace (NYSE: GE) has seen a rise in its stock price by 1.03 in relation to its previous close of 191.16. However, the company has experienced a 3.85% gain in its stock price over the last five trading sessions. cnbc.com reported 2024-10-10 that Traders have bullishly invested in companies on the S&P 500, leading the index of 500 large U.S. companies to new heights over the past two years. Jim Cramer reflected on the lead performing stocks, with his favorite buys being Nvidia, Broadcom and Fair Isaac.
Is It Worth Investing in GE Aerospace (NYSE: GE) Right Now?
The price-to-earnings ratio for GE Aerospace (NYSE: GE) is 45.83x, which is above its average ratio. Moreover, the 36-month beta value for GE is 1.18. 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.”
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The public float for GE is 1.08B and currently, short sellers hold a 0.94% of that float. On October 14, 2024, GE’s average trading volume was 4.92M shares.
GE’s Market Performance
GE stock saw an increase of 3.85% in the past week, with a monthly gain of 8.32% and a quarterly increase of 18.59%. The volatility ratio for the week is 1.47%, and the volatility levels for the last 30 days are 2.06% for GE Aerospace (GE). The simple moving average for the last 20 days is 3.20% for GE stock, with a simple moving average of 28.03% for the last 200 days.
Analysts’ Opinion of GE
Bernstein, on the other hand, stated in their research note that they expect to see GE reach a price target of $201. The rating they have provided for GE stocks is “Outperform” according to the report published on September 10th, 2024.
TD Cowen gave a rating of “Buy” to GE, setting the target price at $180 in the report published on April 09th of the current year.
GE Trading at 9.74% 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 0.71% of gains for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares surge +6.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.36% upper at present.
During the last 5 trading sessions, GE rose by +3.74%, which changed the moving average for the period of 200-days by +88.10% in comparison to the 20-day moving average, which settled at $187.12. In addition, GE Aerospace saw 89.73% 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 General Electric Pension Trust, who proposed sale 425,000 shares at the price of $166.87 back on Aug 14 ’24. After this action, General Electric Pension Trust now owns shares of GE Aerospace, valued at $70,919,750 using the latest closing price.
Stokes Russell, the Senior Vice President of GE Aerospace, sale 45,309 shares at $162.82 during a trade that took place back on May 23 ’24, which means that Stokes Russell is holding 112,958 shares at $7,377,211 based on the most recent closing price.
Stock Fundamentals for GE
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.28 for the gross margin
The net margin for GE Aerospace stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 18.50, with 3.22 for asset returns.
Based on GE Aerospace (GE), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 4.53.
Currently, EBITDA for the company is 8.48 billion with net debt to EBITDA at 0.92. When we switch over and look at the enterprise to sales, we see a ratio of 3.52. The receivables turnover for the company is 5.58for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
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.
