GE Aerospace (GE) concluded trading on Wednesday at a closing price of $167.95, with 4.44 million shares of worth about $745.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.54% during that period and on August 14, 2024 the price saw a loss of about -0.01%. Currently the company’s common shares owned by public are about 1.09B shares, out of which, 1.08B shares are available for trading.
Stock saw a price change of 3.59% in past 5 days and over the past one month there was a price change of 3.13%. Year-to-date (YTD), GE shares are showing a performance of 65.00% which increased to 82.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $84.16 but also hit the highest price of $177.20 during that period. The average intraday trading volume for GE Aerospace shares is 5.84 million. The stock is currently trading 1.97% above its 20-day simple moving average (SMA20), while that difference is up 3.22% for SMA50 and it goes to 26.40% higher than SMA200.
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GE Aerospace (NYSE: GE) currently have 1.09B outstanding shares and institutions hold larger chunk of about 80.52% of that.
The stock has a current market capitalization of $182.11B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 39.86, while it has posted earnings per share of $4.21 in the same period. Its PEG reads 1.35 and has Quick Ratio of 0.85 while making debt-to-equity ratio of 1.12. 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 1.96% while standing at 3.50% over the month.
Stock’s fiscal year EPS is expected to rise by 85.97% while it is estimated to increase by 24.27% 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 TD Cowen on April 09, 2024 offering a Buy rating for the stock and assigned a target price range of between $175 and $180 to it. Coverage by Goldman stated GE Aerospace (GE) stock as a Buy in their note to investors on April 09, 2024, suggesting a price target of $190 for the stock. On April 04, 2024, Vertical Research Initiated their recommendations, while on March 27, 2024, Wells Fargo Reiterated their ratings for the stock with a price target of $200. Stock get an Overweight rating from JP Morgan on March 08, 2024.
