GE Aerospace (GE) concluded trading on Wednesday at a closing price of $192.18, with 2.9 million shares of worth about $557.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.45% during that period and on October 16, 2024 the price saw a gain of about 0.84%. 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 6.57%. Year-to-date (YTD), GE shares are showing a performance of 88.80% which increased to 120.79% 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 $194.33 during that period. The average intraday trading volume for GE Aerospace shares is 4.86 million. The stock is currently trading 2.20% above its 20-day simple moving average (SMA20), while that difference is up 8.44% for SMA50 and it goes to 26.66% higher than SMA200.
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GE Aerospace (NYSE: GE) currently have 1.09B outstanding shares and institutions hold larger chunk of about 79.21% of that.
The stock has a current market capitalization of $208.38B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 45.61, while it has posted earnings per share of $4.21 in the same period. Its PEG reads 1.42 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 1.50% while standing at 1.77% over the month.
Stock’s fiscal year EPS is expected to rise by 89.29% while it is estimated to increase by 23.33% 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 October 14, 2024 offering an Outperform rating for the stock and assigned a target price range of between $201 and $225 to it. Coverage by Bernstein stated GE Aerospace (GE) stock as an Outperform in their note to investors on September 10, 2024, suggesting a price target of $201 for the stock. On April 09, 2024, TD Cowen Upgrade their recommendations, while on April 09, 2024, Goldman Resumed their ratings for the stock with a price target of $190. Stock get a Buy rating from Vertical Research on April 04, 2024.
