General Electric Company (GE) went down by -8.67% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Specialty Industrial Machinery giant went up by $6.95 to trade ended Thursday trading at $7.61. This is down from the $7.61 price recorded on Wednesday’s trading session. Thanks to this latest performance, GE is closer to the higher price 52-week target of $15.00 and further from the lowest price target of $5.00. Its performance from the start of the year has also been negative, with GE down by -37.72% year-to-date.
GE started the day trading at $7.06 and recorded an intraday high of $7.35. It also recorded an intraday low of $6.84 during Thursday’s trading session. General Electric Company is a very active stock that recorded a trading volume that is more than 1.44% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 123746853, which is more than 1.44 of the total average daily trading volume of 121.97 million.
GE’s 2020 Performance Impressive
The increase in GE’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of GE currently stands at $13.26, which is higher than the current trading price of the stock by 47.59%. However, GE’s current trading price is -26.82% lower than the 52-week low price of $5.48. In terms of trading volume, General Electric Company currently experienced healthy participation during the last trading session. 123746853 shares of General Electric Company were traded on the stock exchange on Thursday, which is more than 1.44% of the 121.97 million average trading volume of the stock.
The performance of the stock has been positive over the past year. GE’s performance over the past one year has seen it plunge by -32.39%, while the stock has gone down by -36.88% in the last six months. The quarterly performance of GE currently stands at -3.87%, and it is up by 15.83% in the last month. The only negative figure was from the weekly performance, which currently reads -10.21%. At the time of writing GE’s report, the company has a total market cap of $60.76B, making it one of the largest publicly-traded companies in the world. General Electric Company also has over 205000 employees all over the world.
GE Insider Activities
For General Electric Company, insiders hold 64.20% of all company shares. The insider transactions over the past six months are down by -27.70%. During that period, insiders bought 449,891 shares in 12 transactions. In that same period, insiders sold 5,092,007 of their shares in 13 transactions. After these transactions, insiders at General Electric Company now hold 11.63M shares, which is over 63.61% of the total company stocks. Institutional investors currently hold a large chunk of the GE shares, as they control 0.13% of the company’s total stock.
GE Fundamental Analysis
For General Electric Company, the stock’s diluted earnings per share (EPS) stands at 0.61. In the coming year, analysts expect the EPS to be 0.40. The stock’s EPS growth this year is 99.80%, with analysts expecting almost a 1 growth in the earnings per share next week. The EPS growth will slow down over the next five years to -0.07% after plunging by -14.90% in the previous five years. In terms of revenue, General Electric Company’s quarterly sales (YOY) is shrinking at -0.09, which is higher than the average annual revenue of -14.90% over the past half a decade.
The Return on Investment (ROI) on General Electric Company’s stock currently stands at 2.30%.
GE Analysts Prediction
In April 30, 2020, several analysts reiterated their positions on the General Electric Company stock and predicted its performance to their investors. The analysts at Argus believe GE is still a Buy and set the price target between $15 and $10. The Citigroup also has a Buy rating for General Electric Company, predicting the stock price to stay between $11 and $9. Another analyst that has a Neutral rating for GE is JP Morgan, which set a price target of between $5 and $8. Gordon Haskett reiterate their Hold position on the stock.
At the moment, General Electric Company’s Total Debt to Equity ratio stands at 2.41, and they have a long-term Debt to Equity ratio of 1.90.
GE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of GE currently stands at 1.39%, while the SMA50 is 3.35%. The biggest one is the SMA200, which is currently reading -25.96% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 49.09, while its price to earnings ratio (P/E) is 11.34.