In recent trading session, General Electric Company (NYSE:GE) saw 60,639,150 shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $6.06 trading at -$0.2 or -3.19% at recent trade assigns it a market valuation of $52.83 Billion. That current trading price of GE’s stock is at a discount of -118.81% from its 52-week high price of $13.26 and is indicating a premium of 9.57% from its 52-week low price of $5.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 86.46 Million shares which gives us an average trading volume of 103.06 Million if we extend that period to 3-months.
General Electric Company (NYSE:GE) trade information
In the face of being in the red today for losing -3.19%, in the last five days GE remained trading in the green while hitting it’s week-highest on Wednesday, Jul 29 when the stock touched $7.00-1 price level, adding 13.36% to its value on the day. General Electric Company’s shares saw a change of -45.65% in year-to-date performance and have moved -11.59% in past 5-day. General Electric Company (NYSE:GE) showed a performance of -11.2% in past 30-days. Number of shares sold short was 87.98 Million shares which calculate 0.85 days to cover the short interests.
General Electric Company (GE) estimates and forecasts
Statistics highlight that General Electric Company is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -50.82% of value to its shares in past 6 months, showing an annual growth rate of -100% while that of industry is -18.7. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -113.3% in the current quarter and calculating -47.6% decline in the next quarter. This year revenue growth is estimated to drop -17.1% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $18.69 Billion for the same. And 13 analysts are in estimates of company making revenue of $22.56 Billion in the next quarter that will end in December 01, 2020. Company posted $23.36 Billion and $26.24 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -20% while estimating it to be -14% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -14.9% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 99.8% while estimates for its earnings growth in next 5 years are of 0.6%
General Electric Company is more likely to be releasing its next quarterly report between October 28 and October 28, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.61%, the share has a forward dividend of 0.04 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.1%.
General Electric Company (NYSE:GE)’s Major holders
Insiders are in possession of 0.13% of company’s total shares while institution are holding 63.61% percent of that, with stock having share float percentage of 63.69%. Investors also watch the number of corporate investors in a company very closely, which is 2248 institutions for General Electric Company that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at GE for having 726.61 Million shares of worth $5.77 Billion. And as of March 30, 2020, it was holding 8.31% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 678.76 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.76% of outstanding shares, having a total worth of $5.39 Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 256000000 shares of worth $2.03 Billion or 2.93% of the total outstanding shares. The later fund manager was in possession of 179.79 Million shares on March 30, 2020, making its stake of worth around $1.43 Billion in the company or a holder of 2.06% of company’s stock.