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In the latest session, GE Aerospace (NYSE: GE) closed at $162.62 up 8.28% from its previous closing price of $150.19. In other words, the price has increased by $8.28 from its previous closing price. On the day, 19.03 million shares were traded. GE stock price reached its highest trading level at $163.645 during the session, while it also had its lowest trading level at $152.82.
Ratios:
For a deeper understanding of GE Aerospace’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.61. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 178005475328 and an Enterprise Value of 167022936064. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.46, and their Forward P/E ratio for the next fiscal year is 30.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 6.46. Its current Enterprise Value per Revenue stands at 2.458 whereas that against EBITDA is 21.204.
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 $76.63. The 50-Day Moving Average of the stock is 19.80%, while the 200-Day Moving Average is calculated to be 56.07%.
Shares Statistics:
For the past three months, GE has traded an average of 8.54M shares per day and 8203590 over the past ten days. 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 76.12% 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
According to the company, the forward annual dividend rate for GE is 0.52, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0021306344The stock’s 5-year Average Dividend Yield is 0.51.
