GE Aerospace (GE) concluded trading on Wednesday at a closing price of $186.44, with 2.88 million shares of worth about $536.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.03% during that period and on October 02, 2024 the price saw a gain of about 0.08%. 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 -1.53% in past 5 days and over the past one month there was a price change of 13.54%. Year-to-date (YTD), GE shares are showing a performance of 83.16% which increased to 114.88% 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 $190.88 during that period. The average intraday trading volume for GE Aerospace shares is 5.06 million. The stock is currently trading 4.46% above its 20-day simple moving average (SMA20), while that difference is up 8.23% for SMA50 and it goes to 26.94% higher than SMA200.
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GE Aerospace (NYSE: GE) currently have 1.09B outstanding shares and institutions hold larger chunk of about 79.20% of that.
The stock has a current market capitalization of $202.16B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 44.25, while it has posted earnings per share of $4.21 in the same period. Its PEG reads 1.49 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 2.23% while standing at 2.40% over the month.
Stock’s fiscal year EPS is expected to rise by 88.20% while it is estimated to increase by 23.92% 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.
