A new trading day began on Friday, with GE Aerospace (NYSE: GE) stock price up 3.12% from the previous day of trading, before settling in for the closing price of $164.67. GE’s price has ranged from $84.16 to $177.20 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales slided by -6.11%. Meanwhile, its annual earnings per share averaged 82.42%. With a float of $1.08 billion, this company’s outstanding shares have now reached $1.09 billion.
The extent of productivity of a business whose workforce counts for 125000 workers is very important to gauge.
GE Aerospace (GE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Aerospace & Defense Industry. The insider ownership of GE Aerospace is 0.41%, while institutional ownership is 78.67%. The most recent insider transaction that took place on May 23 ’24, was worth 7,377,211. In this transaction Senior Vice President of this company sold 45,309 shares at a rate of $162.82, taking the stock ownership to the 112,958 shares. Before that another transaction happened on May 22 ’24, when Company’s Vice President sold 5,127 for $160.19, making the entire transaction worth $821,294. This insider now owns 6,448 shares in total.
GE Aerospace (GE) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 82.42% per share during the next fiscal year.
GE Aerospace (NYSE: GE) Trading Performance Indicators
Here are GE Aerospace’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.97. Likewise, its price to free cash flow for the trailing twelve months is 33.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.21, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 5.12 in one year’s time.
Technical Analysis of GE Aerospace (GE)
The latest stats from [GE Aerospace, GE] show that its last 5-days average volume of 9.24 million was superior to 7.17 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 44.15%. Additionally, its Average True Range was 5.40.
During the past 100 days, GE Aerospace’s (GE) raw stochastic average was set at 85.77%, which indicates a significant increase from 64.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.89% in the past 14 days, which was higher than the 34.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $162.14, while its 200-day Moving Average is $128.38. Now, the first resistance to watch is $172.92. This is followed by the second major resistance level at $176.02. The third major resistance level sits at $179.43. If the price goes on to break the first support level at $166.41, it is likely to go to the next support level at $163.00. The third support level lies at $159.90 if the price breaches the second support level.
GE Aerospace (NYSE: GE) Key Stats
With a market capitalization of 184.13 billion, the company has a total of 1,094,607K Shares Outstanding. Currently, annual sales are 67,954 M while annual income is 9,480 M. The company’s previous quarter sales were 9,094 M while its latest quarter income was 1,266 M.
