There’s a different equity story being told by sentiment: General Electric Company (GE).

As of close of business last night, General Electric Company’s stock clocked out at $91.17, up 2.47% from its previous closing price of $88.97. In other words, the price has increased by $+2.20 from its previous closing price. On the day, 11331810 shares were traded. GE stock price reached its highest trading level at $93.08 during the session, while it also had its lowest trading level at $90.20.

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To gain a deeper understanding of GE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.58. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.79.

Upgrades & Downgrades

On December 09, 2022, RBC Capital Mkts reiterated its Outperform rating and also lowered its target price recommendation from $93 to $98.

Oppenheimer Upgraded its Perform to Outperform on December 06, 2022, while the target price for the stock was maintained at $104.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 11 when Pecresse Jerome sold 1,442 shares for $74.13 per share. The transaction valued at 106,895 led to the insider holds 15,943 shares of the business.

Reynolds Paula Rosput bought 1,200 shares of GE for $93,180 on May 06. The Director now owns 5,563 shares after completing the transaction at $77.65 per share. On May 06, another insider, GENERAL ELECTRIC CO, who serves as the 10% Owner of the company, sold 72,025,826 shares for $34.45 each. As a result, the insider received 2,481,289,706 and left with 3,931,363 shares of the company.

Valuation Measures:

As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 167.90, and their Forward P/E ratio for the next fiscal year is 24.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 2.74.

Stock Price History:

Over the past 52 weeks, GE has reached a high of $94.94, while it has fallen to a 52-week low of $46.77. The 50-Day Moving Average of the stock is 81.32, while the 200-Day Moving Average is calculated to be 63.68.

Shares Statistics:

It appears that GE traded 8.20M shares on average per day over the past three months and 10.96M shares per day over the past ten days. A total of 1.09B shares are outstanding, with a floating share count of 1.08B. Insiders hold about 0.20% of the company’s shares, while institutions hold 71.90% stake in the company. Shares short for GE as of Jan 30, 2023 were 12.04M with a Short Ratio of 13.47M, compared to 11.76M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.10% and a Short% of Float of 1.24%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.04, GE has a forward annual dividend rate of 0.32. Against a Trailing Annual Dividend Yield of 0.04%, it implies a Forward Annual Dividend Yield of 0.40%. The stock’s 5-year Average Dividend Yield is 1.52. The current Payout Ratio is 109.93% for GE, which recently paid a dividend on Apr 24, 2023 with an ex-dividend date of Dec 13, 2022. Stock splits for the company last occurred on Aug 01, 2021 when the company split stock in a 1:8 ratio.

Earnings Estimates

As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.1, while EPS last year was $0.24. The consensus estimate for the next quarter is $0.42, with high estimates of $0.48 and low estimates of $0.34.

Analysts are recommending an EPS of between $2.06 and $1.69 for the fiscal current year, implying an average EPS of $1.93. EPS for the following year is $3.43, with 18 analysts recommending between $4.49 and $2.4.

Revenue Estimates

In the current quarter, 12 analysts expect revenue to total $13.37B. It ranges from a high estimate of $13.9B to a low estimate of $12.78B. As of the current estimate, General Electric Company’s year-ago sales were $17.04B, an estimated decrease of -21.50% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $14.88B, a decrease of -20.20% over than the figure of -$21.50% in the same quarter last year. There is a high estimate of $15.27B for the next quarter, whereas the lowest estimate is $14.43B.

A total of 19 analysts have provided revenue estimates for GE’s current fiscal year. The highest revenue estimate was $63.32B, while the lowest revenue estimate was $59.7B, resulting in an average revenue estimate of $61.48B. In the same quarter a year ago, actual revenue was $76.56B, down -19.70% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $66.27B in the next fiscal year. The high estimate is $69.13B and the low estimate is $62.55B. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.