GE Aerospace (NYSE:GE) shares, rose in value on Thursday, November 21, with the stock price up by 1.22% to the previous day’s close as strong demand from buyers drove the stock to $180.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $177.98, falling within a range of $177.34 and $180.925. The value of beta (5-year monthly) is 1.188 whereas the PE ratio is 31.78 over 12-month period. Referring to stock’s 52-week performance, its high was $194.80, and the low was $94.24. On the whole, GE has fluctuated by -0.84% over the past month.
With the market capitalization of GE Aerospace currently standing at about $194.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.92, with its dividend yield at 0.51%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 37.37B, with a low estimate of 9.34B and a high estimate of 10.61B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.85B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.07, with the price of GE currently trading nearly 1.29% and -1.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.33, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 2.16%. Furthermore, GE Aerospace (GE)’s beta value is 1.18, and its average true range (ATR) is 4.10.
A comparison of GE Aerospace (GE) with its peers suggests the former has fared considerably weaker in the market. GE showed an intraday change of 1.22% in today’s session so far, and over the past year, it grew by 88.42%%.
Data on historical trading for GE Aerospace (NYSE:GE) indicates that the trading volumes over the past 10 days have averaged 3.99 and over the past 3 months, they’ve averaged 4.50 million. According to company’s latest data on outstanding shares, there are 1.09 billion shares outstanding.
Nearly 0.26% of GE Aerospace’s shares belong to company insiders and institutional investors own 78.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.27 million shares as on 2024-10-31, resulting in a short ratio of 2.51. According to the data, the short interest in GE Aerospace (GE) stood at 105.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 10.2 million. The stock has risen by 76.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GE stock heading into the next quarter.
