GE Aerospace (NYSE:GE) price is hovering higher on Monday, April 15, jumping 0.66% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $154.63. The company’s P/E ratio in the trailing 12-month period read 18.62. Taking into account the 52-week price action we note that the stock hit a 52-week high of $158.44 and 52-week low of $74.55. The stock added 17.04% on its value in the past month.
GE Aerospace, which has a market valuation of $170.17 billion. The company stock has a Forward Dividend ratio of 0.47, while the dividend yield is 0.30%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GE a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.75. The overview shows that GE’s price is at present 7.57% off the SMA20 and 19.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.19, with weekly volatility standing at 3.28%. The indicator jumps to 3.24% when calculated based on the past 30 days. GE Aerospace (NYSE:GE)’s beta value is holding at 1.29, while the average true range (ATR) indicator is currently reading 4.77.
An analysis of the GE Aerospace (NYSE:GE) stock in terms of its daily trading volume indicates that the 3-month average is 8.54 million.
Current records show that the company has 1.09B in outstanding shares. The insiders’ percentage holdings are 0.37% of outstanding shares while the percentage share held by institutions stands at 76.29%. But the 52.91% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
