General Electric Company [NYSE:GE] shares are showing an active tape with a current price of $6.51 on Friday.
General Electric Company is in the Industrials sector under the Specialty Industrial Machinery industry. This week, we are watching the stock hit price per sales of 0.62 with an earning per share of 0.38.
For the year, the stock is trading -43.46% and the five-day change stands at -5.26%. As a point of reference, the S&P 500 is trading 0.55% YTD.
Wait and see
Holding a Market Cap of $54.88 billion, General Electric Company has seen a trading range over the last year of $5.48-$13.26.
For the last five days, GE is down from its last closing price. The average shares trading hands each day is 89.28M, with average 10-day volume coming in at 55.0 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for GE. When we apply the Elder Force Index to General Electric Company, we are seeing an Elder Force Indicator number of 5682201.8.
The recent performance of the stock is another area that can tell traders how to proceed. GE is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 18.08. Moreover, the company’s enterprise value has gone from $55.36B to $78.59B quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, GE made a profit of 2.67 billion. In addition, the company has operating cash flow of $7.21 billion.
Looking at popular technical indicators, the company’s 5-day moving average is 6.38 compared to the 50-day moving average of 6.65. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. GE currently holds a 9-day RSI of 50.17%, while 100-day RSI stands at 46.45%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. GE’s 9-day MACD is -0.12 and the company’s 100-day MACD stands at -0.36.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.13% by insiders and 63.61% by institutions. Regarding institutional holdings, Price (T.Rowe) Associates Inc owns 8.88%, while the second top holder, Vanguard Group, Inc. (The), currently owns 7.66%.
Over the last six months, insiders have sold 11,586,206 with the most recent transaction from GARDEN EDWARD P, Director, with a sell at price 6.22 per share.
Overall, the recommended rating for GE is Moderate Buy. Currently, the company has 12 analysts watching the stock, and the average quarterly earnings estimate is -0.04. Quarterly revenue estimates are averaging 18.73B with the high estimate reaching 19.84B and the low at 17.43B.
To review, the current 1-year target estimate is sitting at 7.75, while the current price 6.51. Based on this, we expect the stock to rise considering the aforementioned fundamentals.