GE Aerospace (GE) average volume reaches $5.91M: Is Wall Street expecting a rally?

On Friday, GE Aerospace (NYSE: GE) was -5.58% drop from the session before settling in for the closing price of $169.75. A 52-week range for GE has been $84.16 – $177.20.

Industrials Sector giant saw their annual sales slid by -6.11% over the last five years. When this article was written, the company’s average yearly earnings per share was at 83.27%. With a float of $1.08 billion, this company’s outstanding shares have now reached $1.09 billion.

The firm has a total of 125000 workers. Let’s measure their productivity.

GE Aerospace (GE) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward GE Aerospace stocks. The insider ownership of GE Aerospace is 0.41%, while institutional ownership is 78.85%. 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) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.82 earnings per share (EPS) during the time that was better than consensus figure (set at 0.56) by 0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 83.27% per share during the next fiscal year.

GE Aerospace (NYSE: GE) Trading Performance Indicators

You can see what GE Aerospace (GE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.81. Likewise, its price to free cash flow for the trailing twelve months is 31.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.21, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 5.11 in one year’s time.

Technical Analysis of GE Aerospace (GE)

Analysing the last 5-days average volume posted by the [GE Aerospace, GE], we can find that recorded value of 6.02 million was lower than the volume posted last year of 7.13 million. As of the previous 9 days, the stock’s Stochastic %D was 43.90%. Additionally, its Average True Range was 5.89.

During the past 100 days, GE Aerospace’s (GE) raw stochastic average was set at 63.26%, which indicates a significant increase from 18.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.11% in the past 14 days, which was higher than the 34.98% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $162.80, while its 200-day Moving Average is $130.35. Now, the first resistance to watch is $165.69. This is followed by the second major resistance level at $171.09. The third major resistance level sits at $174.76. If the price goes on to break the first support level at $156.62, it is likely to go to the next support level at $152.95. Should the price break the second support level, the third support level stands at $147.55.

GE Aerospace (NYSE: GE) Key Stats

There are 1,094,607K outstanding shares of the company, which has a market capitalization of 173.79 billion. As of now, sales total 67,954 M while income totals 9,480 M. Its latest quarter income was 9,094 M while its last quarter net income were 1,266 M.