The trading price of GE Aerospace (NYSE:GE) closed higher on Tuesday, February 11, and closed at $208.82, 1.75% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $204.44 and $209.1499. The company’s P/E ratio in the trailing 12-month period was 34.96, while its 5Y monthly beta was 1.188. In examining the 52-week price action we see that the stock hit a 52-week high of $207.84 and a 52-week low of $110.61. Over the past month, the stock has gained 21.63% in value.
GE Aerospace, whose market valuation is $224.12 billion at the time of this writing, is expected to release its quarterly earnings report in March. The dividend yield on the company stock is 0.54%, while its Forward Dividend ratio is 1.12. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest GE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GE a recommendation rating is 16. Out of them, 1 rate it a Hold, while 15 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged GE Aerospace (GE) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.02, which symbolizes a positive outlook. A quick review shows that GE’s price is currently 6.36% off the SMA20 and 15.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.05, and weekly volatility stands at 1.65%. When measured over the past 30 days, the indicator reaches 2.29%. GE Aerospace (NYSE:GE)’s beta value is currently sitting at 1.20, while the Average True Range indicator is currently displaying 4.55. With analysts defining $200-$250 as the low and high price targets, we arrive at a consensus price target of $225 for the trailing 12-month period. The current price is about 4.22% off the estimated low and -19.72% off the forecast high, based on this estimate. Investors will be thrilled if GE’s share price rises to $225, which is the median consensus price. At that level, GE’s share price would be -7.75% below current price.
To see how GE Aerospace stock has been performing in comparison to its peers in the industry, here are the numbers: GE stock’s performance was 1.75% in the latest trading, and 88.30% in the past year. GE Aerospace has a P/E ratio of 34.96.
An evaluation of the daily trading volume of GE Aerospace (NYSE:GE) indicates that the 3-month average is 5.25 million. However, this figure has increased over the past 10 days to an average of 4.64.
Currently, records show that 1.07 billion of the company’s shares remain outstanding. The insiders hold 0.37% of outstanding shares, whereas institutions hold 79.64%. The stats also highlight that short interest as of 2024-12-31, stood at 13.18 million shares, resulting in a short ratio of 2.48 at that time. From this, we can conclude that short interest is 122.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 11.24 million. However, since the stock’s price has seen 25.20% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
