It trades for 10.46 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 2.47x price/book and 0.64x price/sales. Compared to others, General Electric Company is in a different league with regards to profitability, having net margins of -27.5%. To put some perspective around this, the industry’s average net margin is 5.42%. GE’s ROE is -66.9%, which is considerably worse than the industry’s ROE of 9.68%.
General Electric Company (NYSE:GE) is now worth $77.76B thanks to 0% gain in recent trade and currently has a price tag of $8.94. The shares traded as low as $8.72 and had $8.95 an intraday high earlier Friday. Trading activity significantly weakened as the volume at ready counter decreased to 80,604,006 shares versus 138,000,000 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 126,000,000 shares. The stock is now 34.23% above against its bear-market low of $6.66 on December 11, 2018. It has retreated -114.21% since it’s 52-week high of $19.15 reached in January. Now the market price is down -52.77% on the year and up 18.1% YTD.
GE’s 50 day simple moving average (SMA 50) price is $8.01 and its 200-day simple moving average (SMA 200) price is $11.95. The company’s stock currently has a total float of 8.69B shares. Its weekly volatility is hovering around 5.48% and felt 5.43% volatility in price over a month. On the upside, the share price will test short term resistance at around $9.02. On a downside, the stock is likely to find some support, which begins at $8.79. The failure to get near-term support could push it to $8.64.
Separately, it has been reported that multiple insider activity took place at General Electric Company (GE). Director Dsouza Francisco acquired 60,000 shares for $151,500 in transaction occurred on 2018/11/14. After making this transaction, the Director owns a direct stake of 499,200 shares, worth $1,354,410, as per the last closing price. On 2018/11/06 Dimitrief Alexander, Senior Vice President at GE, purchased 10,000 shares at an average price of $9.48 per share. The new stake is valued at $1,616,647.
Chairman and CEO, Culp H Lawrence Jr had invested in 225,000 shares for $598,392 through a trade on 2018/11/01. Following this activity, the insider holds 2,189,250 shares worth $5,349,624 as of recent close. Wall Street’s most bullish General Electric Company (NYSE:GE) analysts are predicting the share price to blow past $21 per share during the next 12 months. The current median share price forecast by them is $11, suggesting that the stock could increase 23.04% in that time frame. The average price target of $11.52 calls for a nearly 28.86% increase in the stock price.
It had seen a positive analyst call from Vertical Research, which upgraded the stock from Hold to Buy on December 19. Analysts at JP Morgan, shed their negative views on December 13 by lifting it fromUnderweight to Neutral. Brokerage firm Deutsche Bank, looks cautious as they stick to prior recommendation of Hold, in a call on November 30. However, they did change the target price from $11 to $7. Credit Suisse, reiterated their call for Neutral, on November 12. On the other hand, they had set new target price to $10 versus $12.
Shares of General Electric Company (GE) have dropped -19.9% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, General Electric Company (NYSE:GE) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 3 quarters (25%), whereas at 2 occasion EPS met analyst expectations. GE last reported earnings on October 30, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.14 per share, -99.53% change on the same period last year. That was worse than consensus for $0.2. Revenue for the recent quarter stood at $29.57 billion, down -12% on last year and below the $29.92 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $27.13 billion to $28.98 billion, which should be compared with $29.97 billion generated last year. EPS is seen in a range of $0.17 to $0.23, against the $0.31 reported a year ago.