In recent trading session, General Electric Company (NYSE:GE) saw 52,185,532 shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $7.51 trading at $0.09 or 1.15% at recent trade assigns it a market valuation of $64.77 Billion. That current trading price of GE’s stock is at a discount of -76.56% from its 52-week high price of $13.26 and is indicating a premium of 27.03% 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 123.36 Million shares which gives us an average trading volume of 102.32 Million if we extend that period to 3-months.
For General Electric Company (GE), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 20 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 12 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.07 in the current quarter.
General Electric Company (NYSE:GE) trade information
Upright in the green today for gaining 1.15%, in the last five days GE remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $8.03-5 price level, adding 5.85% to its value on the day. General Electric Company’s shares saw a change of -32.26% in year-to-date performance and have moved -2.07% in past 5-day. General Electric Company (NYSE:GE) showed a performance of 23.53% in past 30-days. Number of shares sold short was 97.7 Million shares which calculate 0.95 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $8.9 to the stock, which implies a rise of 18.51% to its current value. Analysts have been projecting $5 as a low price target for the stock while placing it at a high target of $11. It follows that stock’s current price would jump +46.47% in reaching the projected high whereas dropping to the targeted low would mean a loss of -33.42% for stock’s current value.
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 added +9.12% of value to its shares in past 6 months, showing an annual growth rate of -106.15% while that of industry is -15.3. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -66.7% in the current quarter and calculating -40% decline in the next quarter. This year revenue growth is estimated to drop -17.3% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $21.65 Billion for the same. And 7 analysts are in estimates of company making revenue of $18.68 Billion in the next quarter that will end in March 01, 2021. Company posted $26.24 Billion and $20.52 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -17.5% while estimating it to be -9% 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 -8.18%
General Electric Company is more likely to be releasing its next quarterly report between January 27 and February 01, 2021, 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 0.56%, 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 2.96%.
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 776.98 Million shares of worth $5.31 Billion. And as of June 29, 2020, it was holding 8.88% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 670.11 Million shares on June 29, 2020. The number of shares represents firm’s hold over 7.66% of outstanding shares, having a total worth of $4.58 Billion.
On the other hand, Price (T.Rowe) Capital Appreciation Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 250000000 shares of worth $1.56 Billion or 2.86% of the total outstanding shares. The later fund manager was in possession of 249.26 Million shares on June 29, 2020, making its stake of worth around $1.7 Billion in the company or a holder of 2.85% of company’s stock.