Let’s look at the key reasons that are pushing GE Aerospace (GE) to new highs

On Monday, GE Aerospace (NYSE: GE) opened lower -0.07% from the last session, before settling in for the closing price of $171.69. Price fluctuations for GE have ranged from $100.64 to $194.80 over the past 52 weeks.

During the last 5-year period, the sales drop of Industrials Sector giant was -6.78%. Company’s average yearly earnings per share was noted 92.07% at the time writing. With a float of $1.08 billion, this company’s outstanding shares have now reached $1.08 billion.

Let’s determine the extent of company efficiency that accounts for 125000 employees. In terms of profitability, gross margin is 30.49%, operating margin of 9.51%, and the pretax margin is 13.26%.

GE Aerospace (GE) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of GE Aerospace is 0.26%, while institutional ownership is 78.53%. The most recent insider transaction that took place on May 09 ’24, was worth 37,672. In this transaction Senior Vice President of this company sold 225 shares at a rate of $167.43, taking the stock ownership to the 0 shares. Before that another transaction happened on May 10 ’24, when Company’s Senior Vice President sold 37 for $163.38, making the entire transaction worth $6,045. This insider now owns 43,970 shares in total.

GE Aerospace (GE) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 92.07% per share during the next fiscal year.

GE Aerospace (NYSE: GE) Trading Performance Indicators

Check out the current performance indicators for GE Aerospace (GE). In the past 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 3.41. Likewise, its price to free cash flow for the trailing twelve months is 35.31.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.67, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 5.23 in one year’s time.

Technical Analysis of GE Aerospace (GE)

Looking closely at GE Aerospace (NYSE: GE), its last 5-days average volume was 5.35 million, which is a jump from its year-to-date volume of 4.98 million. As of the previous 9 days, the stock’s Stochastic %D was 78.54%. Additionally, its Average True Range was 3.64.

During the past 100 days, GE Aerospace’s (GE) raw stochastic average was set at 34.01%, which indicates a significant decrease from 79.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.35% in the past 14 days, which was lower than the 30.16% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $174.29, while its 200-day Moving Average is $169.04. However, in the short run, GE Aerospace’s stock first resistance to watch stands at $173.06. Second resistance stands at $174.55. The third major resistance level sits at $176.58. If the price goes on to break the first support level at $169.54, it is likely to go to the next support level at $167.51. Now, if the price goes above the second support level, the third support stands at $166.02.

GE Aerospace (NYSE: GE) Key Stats

There are currently 1,082,294K shares outstanding in the company with a market cap of 185.69 billion. Presently, the company’s annual sales total 67,954 M according to its annual income of 9,480 M. Last quarter, the company’s sales amounted to 9,842 M and its income totaled 1,852 M.