With 2.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.06 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $188.2 whereas the lowest price it dropped to was $184.725. The 52-week range on GE shows that it touched its highest point at $190.88 and its lowest point at $84.16 during that stretch. It currently has a 1-year price target of $199.47. With its current market cap of 202.16 billion, GE has annualized dividend of $0.90 while the current yield stands at 0.48%. Beta for the stock currently stands at 1.18.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GE was down-trending over the past week, with a drop of -1.53%, but this was up by 13.54% over a month. Three-month performance surged to 14.38% while six-month performance rose 28.03%. The stock gained 114.88% in the past year, while it has gained 83.16% so far this year. A look at the trailing 12-month EPS for GE yields 4.21 with Next year EPS estimates of 5.23. For the next quarter, that number is 1.11. This implies an EPS growth rate of 88.20% for this year and 23.92% for next year.
Float and Shares Shorts:
At present, 1.09 billion GE shares are outstanding with a float of 1.08 billion shares on hand for trading. On 2024-09-13, short shares totaled 13.24 million, which was 122.00001 higher than short shares on 1723680000. In addition to Mr. H. Lawrence Culp Jr. as the firm’s Chairman & CEO, Mr. Rahul Ghai serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 0.79721 of GE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, GE reported revenue of $9093000000.0 and operating income of $1627000000.0. The EBITDA in the recently reported quarter was $2214000000.0 and diluted EPS was $1.15.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
