A new trading day began on Friday, with GE Aerospace (NYSE: GE) stock price up 0.60% from the previous day of trading, before settling in for the closing price of $173.58. GE’s price has ranged from $84.16 to $177.20 over the past 52 weeks.
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Industrials Sector giant saw their annual sales slid by -6.11% over the last five years. Meanwhile, its annual earnings per share averaged 85.97%. 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. In terms of profitability, gross margin is 28.13%, operating margin of 8.11%, and the pretax margin is 9.08%.
GE Aerospace (GE) Breakdown of a Key Holders of the stock
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 0.31%, while institutional ownership is 80.32%. The most recent insider transaction that took place on Aug 14 ’24, was worth 70,919,750. Before that another transaction happened on May 23 ’24, when Company’s Senior Vice President sold 45,309 for $162.82, making the entire transaction worth $7,377,211. This insider now owns 112,958 shares in total.
GE Aerospace (GE) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.82 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 85.97% 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 3.06. Likewise, its price to free cash flow for the trailing twelve months is 34.82.
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 5.18 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 4.21 million was lower than the volume posted last year of 6.76 million. As of the previous 9 days, the stock’s Stochastic %D was 75.31%. Additionally, its Average True Range was 3.77.
During the past 100 days, GE Aerospace’s (GE) raw stochastic average was set at 91.52%, which indicates a significant increase from 86.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.51% in the past 14 days, which was lower than the 31.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $165.22, while its 200-day Moving Average is $138.41. Now, the first resistance to watch is $175.70. This is followed by the second major resistance level at $176.79. The third major resistance level sits at $178.75. If the price goes on to break the first support level at $172.65, it is likely to go to the next support level at $170.69. Now, if the price goes above the second support level, the third support stands at $169.60.
GE Aerospace (NYSE: GE) Key Stats
With a market capitalization of 189.34 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.
