General Electric Co. (GE) concluded trading on Wednesday at a closing price of $149.07, with 4.21 million shares of worth about $628.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.07% during that period and on Wednesday the price saw a gain of about 0.30%. Currently the company’s common shares owned by public are about 1.09B shares, out of which, 1.08B shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 652,157 shares in 29 of the transactions. In 24 selling transactions, insiders dumped 477,945 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stock saw a price change of 5.15% in past 5 days and over the past one month there was a price change of 13.59%. Year-to-date (YTD), GE shares are showing a performance of 16.80% which increased to 79.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.65 but also hit the highest price of $150.36 during that period. The average intraday trading volume for General Electric Co. shares is 4.77 million. The stock is currently trading 8.13% above its 20-day simple moving average (SMA20), while that difference is up 14.05% for SMA50 and it goes to 29.03% higher than SMA200.
General Electric Co. (NYSE: GE) currently have 1.09B outstanding shares and institutions hold larger chunk of about 76.53% of that.
The stock has a current market capitalization of $162.24B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 17.84, while it has posted earnings per share of $8.36 in the same period. Its PEG reads 0.52 and has Quick Ratio of 0.85 while making debt-to-equity ratio of 0.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GE, volatility over the week remained 1.75% while standing at 1.87% over the month.
Analysts are in expectations that General Electric Co. (GE) stock would likely to be making an EPS of $0.64 in the current quarter, while forecast for next quarter EPS is $1.03 and it is $6 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.6 which is $0.65 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 61.90% while it is estimated to increase by 31.20% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on December 18, 2023 offering an Outperform rating for the stock and assigned a target price range of between $131 and $150 to it. Coverage by Wells Fargo stated General Electric Co. (GE) stock as an Overweight in their note to investors on December 15, 2023, suggesting a price target of $144 for the stock. On December 08, 2023, Wolfe Research Resumed their recommendations, while on September 28, 2023, Deutsche Bank Initiated their ratings for the stock with a price target of $141. Stock get a Perform rating from Oppenheimer on July 31, 2023.
