GE Aerospace (GE) is expecting 18.29% growth in the next quarter: What can investors do to maximize their returns?

GE Aerospace (NYSE: GE) on Monday, soared 0.77% from the previous trading day, before settling in for the closing price of $191.16. Within the past 52 weeks, GE’s price has moved between $84.16 and $191.76.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Industrials sector was -6.11%. The company achieved an average annual earnings per share of 89.21%. With a float of $1.08 billion, this company’s outstanding shares have now reached $1.09 billion.

Considering the fact that the conglomerate employs 125000 people, you should pay attention to its efficiency factor. 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 Activity

Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of GE Aerospace is 0.32%, while institutional ownership is 79.21%. 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) Earnings and Forecasts

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.82 earnings per share (EPS) for the period topping the consensus outlook (set at 0.56) by 0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 89.21% per share during the next fiscal year.

GE Aerospace (NYSE: GE) Trading Performance Indicators

GE Aerospace (GE) is currently performing well based on its current performance indicators. A quick ratio of 0.85 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.37. Likewise, its price to free cash flow for the trailing twelve months is 38.41.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.21, a number that is poised to hit 1.14 in the next quarter and is forecasted to reach 5.23 in one year’s time.

Technical Analysis of GE Aerospace (GE)

Compared to the last year’s volume of 6.4 million, its volume of 2.87 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.62%. Additionally, its Average True Range was 3.68.

During the past 100 days, GE Aerospace’s (GE) raw stochastic average was set at 97.03%, which indicates a significant increase from 88.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.53% in the past 14 days, which was lower than the 30.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $175.97, while its 200-day Moving Average is $150.96. Nevertheless, the first resistance level for the watch stands at $193.82 in the near term. At $195.01, the stock is likely to face the second major resistance level. The third major resistance level sits at $196.09. If the price goes on to break the first support level at $191.55, it is likely to go to the next support level at $190.47. Should the price break the second support level, the third support level stands at $189.28.

GE Aerospace (NYSE: GE) Key Stats

Market capitalization of the company is 208.87 billion based on 1,094,607K outstanding shares. Right now, sales total 67,954 M and income totals 9,480 M. The company made 9,094 M in profit during its latest quarter, and 1,266 M in sales during its previous quarter.