GE) Has Decreased By 109.34 Percent This Year. Is It A Better Buy Than Others? – Marketing Sentinel
General Electric Company (NYSE:GE)’s traded shares stood at 2.57 million during the latest session, with the company’s beta value hitting 1.08. At the last check today, the stock’s price was $101.42, to imply a decrease of -0.72% or -$0.74 in intraday trading. The GE share’s 52-week high remains $115.32, putting it -13.71% down since that peak but still an impressive 52.67% since price per share fell to its 52-week low of $48.00. The company has a valuation of $113.56B, with an average of 11.22 million shares in intraday trading volume over the past 10 days and average of 8.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for General Electric Company (GE), translating to a mean rating of 2.10. Of 21 analyst(s) looking at the stock, 0 analyst(s) give GE a Sell rating. 1 of those analysts rate the stock as Overweight while 8 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.54.
After registering a -0.72% downside in the latest session, General Electric Company (GE) has traded red over the past five days. The stock hit a weekly high of 104.86 this Wednesday, 09/15/21, dropping -0.72% in its intraday price action. The 5-day price performance for the stock is -0.41%, and -1.15% over 30 days. With these gigs, the year-to-date price performance is 18.24%. Short interest in General Electric Company (NYSE:GE) saw shorts transact 85.1 million shares and set a 1.58 days time to cover.
Analysts on Wall Street suggest a consensus price target of $124.75, implying an increase of 18.7% to the stock’s recent value. The extremes give us $80.00 and $168.00 for target low and target high price respectively. As such, GE has been trading -65.65% off suggested target high and 21.12% from its likely low.
General Electric Company (GE) estimates and forecasts
Looking at statistics comparing General Electric Company share performance against respective industry, we note that the company has outperformed competitors. General Electric Company (GE) shares are -6.17% down over the last 6 months, with its year-to-date growth rate higher than industry average at 2,387.50% against 28.10%. Revenue is forecast to grow 12.50% this quarter before jumping 46.90% for the next one. The rating firms project that company’s revenue will shrink -3.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is $19.55 billion. Meanwhile, for the quarter ending Dec 2021, a total of 13 analyst(s) estimate revenue growth to $22.26 billion.Earnings reports from the last fiscal year show that sales brought in $19.42 billion and $21.93 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.70% before jumping 1.50% in the following quarter.
General Electric Company has its next earnings report out between October 26 and November 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. General Electric Company has a forward dividend ratio of 0.04, with the share yield ticking at 0.04% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.55%.
General Electric Company (NYSE:GE)’s Major holders
General Electric Company insiders hold 0.24% of total outstanding shares, with institutional holders owning 65.53% of the shares at 65.69% float percentage. In total, 65.53% institutions holds shares in the company, led by price (T.Rowe) Associates Inc. As of Mar 30, 2021, the company held over 760.46 million shares (or 8.66% of shares), all amounting to roughly $9.98 billion.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 652.0 million shares, or about 7.43% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $8.56 billion.
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We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the General Electric Company (GE) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 247.13 million shares. This is just over 2.82% of the total shares, with a market valuation of $3.24 billion. Data from the same date shows that the other fund manager holds a little less at 179.55 million, or 2.05% of the shares, all valued at about 2.36 billion.