GE Aerospace (GE) concluded trading on Thursday at a closing price of $189.33, with 3.2 million shares of worth about $604.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.79% during that period and on September 25, 2024 the price saw a loss of about -0.17%. 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 3.15% in past 5 days and over the past one month there was a price change of 10.58%. Year-to-date (YTD), GE shares are showing a performance of 86.00% which increased to 112.49% 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 $189.80 during that period. The average intraday trading volume for GE Aerospace shares is 5.14 million. The stock is currently trading 8.48% above its 20-day simple moving average (SMA20), while that difference is up 11.65% for SMA50 and it goes to 30.92% higher than SMA200.
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GE Aerospace (NYSE: GE) currently have 1.09B outstanding shares and institutions hold larger chunk of about 79.22% of that.
The stock has a current market capitalization of $205.29B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 44.93, while it has posted earnings per share of $4.21 in the same period. Its PEG reads 1.52 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 1.62% while standing at 2.51% over the month.
Stock’s fiscal year EPS is expected to rise by 87.37% while it is estimated to increase by 24.13% 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 Bernstein on September 10, 2024 offering an Outperform rating for the stock and assigned a target price of $201 to it. Coverage by TD Cowen stated GE Aerospace (GE) stock as a Buy in their note to investors on April 09, 2024, suggesting a price target of $180 for the stock. On April 09, 2024, Goldman Resumed their recommendations, while on April 04, 2024, Vertical Research Initiated their ratings for the stock with a price target of $160. Stock get an Overweight rating from Wells Fargo on March 27, 2024.
