With 6.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.93 million shares. The 52-week range on GEV shows that it touched its highest point at $447.50 and its lowest point at $115.00 during that stretch. It currently has a 1-year price target of $418.08. Beta for the stock currently stands at 1.47.
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 GEV was down-trending over the past week, with a drop of -14.51%, but this was down by -27.93% over a month. Three-month performance dropped to -21.42% while six-month performance rose 36.13%. A look at the trailing 12-month EPS for GEV yields 5.63 with Next year EPS estimates of 11.10. For the next quarter, that number is 0.42. This implies an EPS growth rate of 1111.96% for this year and 65.12% for next year.
Float and Shares Shorts:
At present, 275.88 million GEV shares are outstanding with a float of 275.74 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GEV since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.39953 being high and $2.73507 being low. For GEV, this leads to a yearly average estimate of $3.02867.
