The stock of GE Aerospace (GE) has seen a -2.05% decrease in the past week, with a -8.19% drop in the past month, and a 5.85% flourish in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 1.90% for GE. The simple moving average for the past 20 days is -6.33% for GE’s stock, with a 9.55% simple moving average for the past 200 days.
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 30.29x. The stock has a 36-month beta value of 1.18. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.01% of that float. On November 05, 2024, the average trading volume of GE was 4.54M shares.
GE) stock’s latest price update
GE Aerospace (NYSE: GE)’s stock price has gone rise by 0.03 in comparison to its previous close of 171.70, however, the company has experienced a -2.05% decrease in its stock price over the last five trading days. 247wallst.com reported 2024-11-01 that There are many reasons investors use options. One of them is to generate consistent monthly income.
Analysts’ Opinion of GE
Many brokerage firms have already submitted their reports for GE stocks, with Bernstein repeating the rating for GE by listing it as a “Outperform.” The predicted price for GE in the upcoming period, according to Bernstein is $225 based on the research report published on October 14, 2024 of the current year 2024.
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 -4.65% 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 -11.83% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.32% upper at present.
During the last 5 trading sessions, GE fell by -2.05%, which changed the moving average for the period of 200-days by +65.40% in comparison to the 20-day moving average, which settled at $183.37. In addition, GE Aerospace saw 68.74% 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:
- 0.12 for the present operating margin
- 0.17 for the gross margin
The net margin for GE Aerospace stands at 0.14. The total capital return value is set at 0.06. Equity return is now at value 25.82, with 4.33 for asset returns.
Based on GE Aerospace (GE), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 5.24.
Currently, EBITDA for the company is 8.48 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.22. The receivables turnover for the company is 3.85for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
To sum up, GE Aerospace (GE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
