GE Aerospace (NYSE: GE) kicked off on Monday, up 1.77% from the previous trading daybefore settling in for the closing price of $178.28. Over the past 52 weeks, GE has traded in a range of $84.16-$179.32.
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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%. While this was happening, its average annual earnings per share was recorded 86.65%. 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. In terms of profitability, gross margin is 28.13%, operating margin of 8.11%, and the pretax margin is 9.08%.
GE Aerospace (GE) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Aerospace & Defense Industry. The insider ownership of GE Aerospace is 0.32%, while institutional ownership is 80.58%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.82 earnings per share (EPS), higher than consensus estimate (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 86.65% per share during the next fiscal year.
GE Aerospace (NYSE: GE) Trading Performance Indicators
Take a look at GE Aerospace’s (GE) current performance indicators. Last quarter, 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 3.18. Likewise, its price to free cash flow for the trailing twelve months is 36.18.
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 5.21 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 5.42 million was inferior to 6.65 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 86.03%. Additionally, its Average True Range was 4.80.
During the past 100 days, GE Aerospace’s (GE) raw stochastic average was set at 99.74%, which indicates a significant increase from 99.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.44% in the past 14 days, which was higher than the 30.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $166.72, while its 200-day Moving Average is $142.07. Now, the first resistance to watch is $183.22. This is followed by the second major resistance level at $185.00. The third major resistance level sits at $188.48. If the price goes on to break the first support level at $177.96, it is likely to go to the next support level at $174.48. The third support level lies at $172.71 if the price breaches the second support level.
GE Aerospace (NYSE: GE) Key Stats
The company with the Market Capitalisation of 196.74 billion has total of 1,094,607K Shares Outstanding. Its annual sales at the moment are 67,954 M in contrast with the sum of 9,480 M annual income. Company’s last quarter sales were recorded 9,094 M and last quarter income was 1,266 M.
