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The price of GE Aerospace (NYSE: GE) closed at $172.00 in the last session, up 5.68% from day before closing price of $162.76. In other words, the price has increased by $5.68 from its previous closing price. On the day, 16.42 million shares were traded. GE stock price reached its highest trading level at $177.16 during the session, while it also had its lowest trading level at $164.6256.
Ratios:
We take a closer look at GE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.12. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.72.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 23 ’24 when Stokes Russell sold 45,309 shares for $162.82 per share. The transaction valued at 7,377,211 led to the insider holds 112,958 shares of the business.
Giglietti Robert M. sold 5,127 shares of GE for $821,294 on May 22 ’24. The Vice President now owns 6,448 shares after completing the transaction at $160.19 per share. On May 21 ’24, another insider, Procacci Riccardo, who serves as the Senior Vice President of the company, sold 5,464 shares for $159.90 each. As a result, the insider received 873,694 and left with 14,145 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 188272934912 and an Enterprise Value of 191669354496. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.46, and their Forward P/E ratio for the next fiscal year is 33.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71 while its Price-to-Book (P/B) ratio in mrq is 6.31. Its current Enterprise Value per Revenue stands at 2.757 whereas that against EBITDA is 22.595.
Stock Price History:
The Beta on a monthly basis for GE is 1.22, which has changed by 0.8786262 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, GE has reached a high of $170.80, while it has fallen to a 52-week low of $84.16. The 50-Day Moving Average of the stock is 6.32%, while the 200-Day Moving Average is calculated to be 35.87%.
Shares Statistics:
According to the various share statistics, GE traded on average about 5.95M shares per day over the past 3-months and 6587490 shares per day over the past 10 days. A total of 1.09B shares are outstanding, with a floating share count of 1.09B. Insiders hold about 0.41% of the company’s shares, while institutions hold 76.77% stake in the company. Shares short for GE as of 1719532800 were 13733743 with a Short Ratio of 2.31, compared to 1717113600 on 13384298. Therefore, it implies a Short% of Shares Outstanding of 13733743 and a Short% of Float of 1.26.
Dividends & Splits
The forward annual dividend rate for GE is 0.72, which was 0.52 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0031948881The stock’s 5-year Average Dividend Yield is 0.42. The current Payout Ratio is 3.83% for GE, which recently paid a dividend on 2024-07-11 with an ex-dividend date of 1720656000. Stock splits for the company last occurred on 2024-04-02 when the company split stock in a 1253:1000 ratio.
