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GE Aerospace (NYSE: GE) closed the day trading at $155.67 down -0.70% from the previous closing price of $156.76. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 6.51 million shares were traded. GE stock price reached its highest trading level at $158.6799 during the session, while it also had its lowest trading level at $153.63.
Ratios:
For a better understanding of GE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on April 09, 2024, Upgraded its rating to Buy and sets its target price to $180 from $175 previously.
On April 04, 2024, Vertical Research started tracking the stock assigning a Buy rating and target price of $160.Vertical Research initiated its Buy rating on April 04, 2024, with a $160 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 14 ’24 when Holston Michael J sold 22,055 shares for $144.87 per share. The transaction valued at 3,195,108 led to the insider holds 56,284 shares of the business.
Holston Michael J sold 13,601 shares of GE for $1,843,616 on Feb 02 ’24. The Senior Vice President now owns 48,339 shares after completing the transaction at $135.55 per share. On Jul 27 ’23, another insider, Holston Michael J, who serves as the Senior Vice President of the company, sold 112,614 shares for $115.20 each. As a result, the insider received 12,973,133 and left with 57,923 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GE now has a Market Capitalization of 170189340672 and an Enterprise Value of 172987006976. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.62, and their Forward P/E ratio for the next fiscal year is 29.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.50 while its Price-to-Book (P/B) ratio in mrq is 6.19. Its current Enterprise Value per Revenue stands at 2.546 whereas that against EBITDA is 21.961.
Stock Price History:
Over the past 52 weeks, GE has reached a high of $158.68, while it has fallen to a 52-week low of $76.14. The 50-Day Moving Average of the stock is 17.55%, while the 200-Day Moving Average is calculated to be 51.30%.
Shares Statistics:
Over the past 3-months, GE traded about 8.51M shares per day on average, while over the past 10 days, GE traded about 8515700 shares per day. A total of 1.09B shares are outstanding, with a floating share count of 1.09B. Insiders hold about 0.37% of the company’s shares, while institutions hold 76.27% stake in the company. Shares short for GE as of 1711584000 were 11360195 with a Short Ratio of 1.67, compared to 1709164800 on 8957224. Therefore, it implies a Short% of Shares Outstanding of 11360195 and a Short% of Float of 1.05.
Dividends & Splits
GE’s forward annual dividend rate is 0.52, up from 0.32 a year ago. The stock’s 5-year Average Dividend Yield is 0.51.
Earnings Estimates
The dynamic stock of GE Aerospace (GE) is currently being evaluated by a team of GameStop Corporation analysts, each contributing to its current rating.The consensus estimate for the next quarter is $1.94, with high estimates of $3.68 and low estimates of $155.67.
EPS for the following year is $Currency, with Stocks analysts recommending between $Stocks and $Stocks.
