GE Aerospace (NYSE: GE) is 79.43% higher on its value in year-to-date trading and has touched a low of $91.48 and a high of $194.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GE stock was last observed hovering at around $184.56 in the last trading session, with the day’s loss setting it -1.92%.
Currently trading at $182.64, the stock is 1.05% and 0.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.09 million and changing -1.04% at the moment leaves the stock 14.79% off its SMA200. GE registered 98.67% gain for a year compared to 6-month gain of 14.15%. The firm has a 50-day simple moving average (SMA 50) of $181.3424 and a 200-day simple moving average (SMA200) of $159.12068.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.19% loss in the last 1 month and extending the period to 3 months gives it a 8.75%, and is 4.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.63% over the week and 2.22% over the month.
GE Aerospace (GE) has around 125000 employees, a market worth around $197.67B and $54.40B in sales. Current P/E ratio is 32.21 and Fwd P/E is 34.82. Profit margin for the company is 11.45%. Distance from 52-week low is 99.64% and -6.24% from its 52-week high. The company has generated returns on investments over the last 12 months (16.41%).
with sales reaching $9.66B over the same period.The EPS is expected to grow by 92.59% this year, but quarterly earnings will post -48.50% year-over-year. Quarterly sales are estimated to shrink -50.30% in year-over-year returns.
GE Aerospace (GE) Top Institutional Holders
2800.0 institutions hold shares in GE Aerospace (GE), with institutional investors hold 80.48% of the company’s shares. The shares outstanding are 1.09B, and float is at 1.08B with Short Float at 1.04%. Institutions hold 80.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 89.33 million shares valued at $14.2 billion. The investor’s holdings represent 8.188% of the GE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 79.74 million shares valued at $12.68 billion to account for 7.3088 of the shares outstanding. The other top investors are FMR LLC which holds 67.65 million shares representing 6.2012% and valued at over $10.76 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 5.8386 of the shares totaling 63.7 million with a market value of $10.13 billion.
GE Aerospace (GE) Insider Activity
The most recent transaction is an insider sale by Procacci Riccardo, the company’s Senior Vice President. SEC filings show that Procacci Riccardo sold 7,000 shares of the company’s common stock on Nov 06 ’24 at a price of $181.13 per share for a total of $1.27 million. Following the sale, the insider now owns 13289.0 shares.
GE Aerospace disclosed in a document filed with the SEC on Jun 01 ’24 that Gowder Amy L (Senior Vice President) sold a total of 6,958 shares of the company’s common stock. The trade occurred on Jun 01 ’24 and was made at $162.71 per share for $1.13 million. Following the transaction, the insider now directly holds 9433.0 shares of the GE stock.
Still, SEC filings show that on Nov 06 ’24, Riccardo Procacci (Officer) Proposed Sale 7,000 shares at an average price of $181.13 for $1.27 million. The insider now directly holds shares of GE Aerospace (GE).
