General Electric Company (GE), a Industrials Specialty Industrial Machinery business, saw its stock trade 12.45 shares, a drop when compared to its 10-day trading volume of 94.04M.
General Electric Company (GE) stock traded at $12.45, down -0.28 cents or -2.20% on the day.
Options traders were busy in the wake of a big earnings report from General Electric Company (NYSE: GE), according to Wayne Duggan’s “Option Trader Makes M Bets The GE Rally Has Legs.”
Paris, January 31, 2020 – GE Renewable Energy announced that it has been selected by OX2 as the supplier for the 132 MW Metsälamminkangas wind farm, in Finland. The project, which will use 24 of GE’s Cypress onshore wind platform, represents GE’s first Cypress-equipped wind farm in Finland. OX2 will operate the Cypress turbines at 5.5 MW, with a rotor diameter of 158m. The end-user and owner of the wind farm will be Lundin Petroleum.
Total Revenue for General Electric Company (GE) is $95.21B, Gross Profit is $18.41B and the EBITDA is $10.38B.
General Electric Company (GE) Technical Evaluation:
The average 10-day trading volume of General Electric Company (GE) is 94.04M compared to 58.06M over the last 3 months which indicates a rise in trading activity. At the time of writing this article, General Electric Company (GE) has a 50-day moving average of $11.67 and a 200-day moving average of $10.17. These moving averages are popular technical figures that investors use to analyze price trends of General Electric Company (GE).
Approximately 1.13% of the shares of the company are short sold from traders betting the stock will trade lower. The beta value on General Electric Company (GE) stock is 1.20, indicating its 3.22% to 2.78% more volatile than the overall marketplace.
Technically, GE’s short term support levels are around $12.11, $11.54 and $10.98 on the downside. GEs short term resistance level is $12.69 on the upside.
Based on technical analysis, GE has short term rating of Bullish (0.25), Intermediate rating of Bullish (0.40) and the long-term rating of Very Bullish (0.50) giving it an overall rating of Bullish (0.38).
GE is trading 62.75% off its 52 week low at $7.65 and -4.23% off its 52 week high of $13.00. Performance wise, GE stock has recently shown investors 6.32% a rise in a week, 11.56% a rise in a month and 23.15% a rise in the past quarter.
Furthermore, General Electric Company (GE) has shown a return of 11.56% since the start of the year.
General Electric Company (GE) Key Data:
General Electric Company (GE) is a large-cap company with a market cap value of $108.733B. GE insiders hold roughly 0.15% of the shares.
On Dec-12-19 UBS Upgrade GE as Neutral → Buy, On Jan-23-20 Morgan Stanley Upgrade GE as Equal-Weight → Overweight at $14 and on Jan-29-20 BofA/Merrill Upgrade GE as Neutral → Buy at $16.
There are currently 8.72B shares in the float and 8.93B shares outstanding. There are 1.13% shares short in GEs float.
The industry rank for General Electric Company (GE) is 217 out of 255 ranking it at the Bottom 15% .
General Electric Company (GE) Fundamental Details:
GE last 2 years revenues have decreased from $121,616,000 to $120,081,000 showing a downtrend.
Wall Street expects General Electric Company (GE) to report an EPS next Qtr profit of 0.13 and a profit of 25.16% next year.
The growth rate on GE this year is -4.62 compared to an industry 11.60. However, GEs next year’s growth rate is 29.03 compared to an industry 11.60.
The book value per share (mrq) is 3.20 and cash per share (mrq) is 3.11. Giving them a price/book (mrq) of 3.65 compared to an industry of 1.33 and GEs price/cash flow (mrfy) is 15.19 compared to an industry of 11.89.
GE fundamental ratios shows an EPS growth vs. previous year 0.62 and EPS growth vs. previous quarter 0.13.
About General Electric Company (GE):
Founded in 1892, General Electric Company is currently headquartered in Boston, MA. It is one of the largest and most diversified technology firms in the world. Its products and services range from jet engines, airframes, energy production solutions to offshore wind turbines, technologies in medical imaging and leasing and financing services, among others.Exiting 2018, the company had approximately 283,000 employees and served customers in roughly 180 countries. Its 162 manufacturing plants are located in the United States and Puerto Rico while other 297 plants are in 41 countries.The company’s industrial manufacturing and services business are grouped under the Industrial segment. Results of the segment, in turn, are the summation of four industrial operating segments — Power, Renewable Energy, Aviation and Healthcare. The company’s financial services operating segment includes results of GE Capital.In short, General Electric currently has the following operating segments:GE Capital meets the financial needs of businesses of all sizes with a diverse range of products. Efforts are on track to reduce exposure in the GE Capital business. Power produces steam and gas turbines, power generation services, and generators. Effective from the first quarter of 2019, the company restructured businesses within its Power segment to include Gas Power and Power Portfolio. While Gas Power includes General Electric’s gas lifecycle business (including Power Services and Gas Power Systems businesses), Power Portfolio comprises Steam Power Systems, GE Hitachi Nuclear and Power Conversion businesses. Aviation offers commercial jet engines and components, and aftermarket services. Healthcare provides technologies in patient monitoring, medical imaging, drug discovery, patient monitoring and others. Also, the segment provides biopharmaceutical manufacturing technologies. Renewable Energy provides offshore wind turbines, high-voltage equipment, blades for wind turbines (onshore and offshore), and other products and services.