General Electric Company (NYSE:GE) has a beta value of 1.09 and has seen 18,887,442 shares traded in the recent trading session. The company, currently valued at $101.31 Billion, closed the recent trade at $11.6 per share which meant it lost -$0.18 on the day or -1.53% during that session. The GE stock price is -14.31% off its 52-week high price of $13.26 and 52.76% above the 52-week low of $5.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 86Million shares traded. The 3-month trading volume is 99.5 Million shares.
The consensus among analysts is that General Electric Company (GE) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 21 have rated it as a Hold, with 14 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.09.
General Electric Company (NYSE:GE) trade information
Despite being -1.53% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jan 12 when the GE stock price touched $11.91- or saw a rise of 2.43%. Year-to-date, General Electric Company shares have moved 7.59%, while the 5-day performance has seen it change 2.29%. Over the past 30 days, the shares of General Electric Company (NYSE:GE) have changed 4.12%. Short interest in the company has seen 84.25 Million shares shorted with days to cover at 0.85.
Wall Street analysts have a consensus price target for the stock at $12.24, which means that the shares’ value could jump 5.52% from current levels. The projected low price target is $7 while the price target rests at a high of $21. In that case, then, we find that the latest price level in today’s session is +81.03% off the targeted high while a plunge would see the stock lose -39.66% from current levels.
General Electric Company (GE) estimates and forecasts
Figures show that General Electric Company shares have underperformed across the wider relevant industry. The company’s shares have gained +71.22% over the past 6 months, with this year growth rate of -93.85%, compared to -20.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -57.1% and -20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -16.5%.
14 analysts offering their estimates for the company have set an average revenue estimate of $21.79 Billion for the current quarter. 10 have an estimated revenue figure of $18.32 Billion for the next quarter concluding in March 01, 2021. Year-ago sales stood $26.24 Billion and $20.52 Billion respectively for this quarter and the next, and analysts expect sales will grow by -17% for the current quarter and -10.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -14.9% over the past 5 years. Earnings growth for 2021 is a modest +99.8% while over the next 5 years, the company’s earnings are expected to increase by -2.24%.
General Electric Company is expected to release its next earnings report between January 26 and January 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.35%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.82%.
General Electric Company (NYSE:GE)’s Major holders
Insiders own 0.24% of the company shares, while shares held by institutions stand at 62.11% with a share float percentage of 62.26%. Investors are also buoyed by the number of investors in a company, with General Electric Company having a total of 2099 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 733.88 Million shares worth more than $4.57 Billion. As of September 29, 2020, Price (T.Rowe) Associates Inc held 8.38% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 646.04 Million shares as of September 29, 2020. The firm’s total holdings are worth over $4.02 Billion and represent 7.37% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Capital Appreciation Fund and Vanguard Total Stock Market Index Fund. As of September 29, 2020, the former fund manager holds about 2.78% shares in the company for having 243000000 shares of worth $1.52 Billion while later fund manager owns 234.9 Million shares of worth $1.46 Billion as of September 29, 2020, which makes it owner of about 2.68% of company’s outstanding stock.
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