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Friday, September 29, 2023

Is General Electric Company (NYSE: GE) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for General Electric Company (GE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $115.49. The General Electric Company has recorded 895,654 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that GE Board of Directors Authorizes Regular Quarterly Dividend.

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Stocks Info

GE belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of General Electric Company is $125.87B. A total of 6.73 million shares were traded on the day, compared to an average of 4.54M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GE has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 100,000 and the disposition of 112,614 shares. Over the last 12 months, there were 24 BUYs and 19 SELLs from insiders. Insiders purchased 442,442 shares during that period but sold 380,003.

In the most recent transaction, Holston Michael J sold 112,614 shares of GE for 115.20 per share on Jul 27. After the transaction, the Senior Vice President now owns 57,923 company shares. In a previous transaction on Jun 30, GENERAL ELECTRIC PENSION TRUST bought 35,160 shares at 995.44 per share. GE shares that 10% Owner owns now total 175,160.

Among the insiders who sold shares, Holston Michael J disposed of 58,292 shares on May 22 at a per-share price of $104.68. This resulted in the Senior Vice President holding 70,537 shares of GE after the transaction. In another insider transaction, Strazik Scott sold 173,873 shares at $99.56 per share on May 10. Company shares held by the Senior Vice President now total 56,049.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. General Electric Company pays an annual dividend of $0.32, resulting in a dividend yield of 0.28%, and it has a price to earnings (P/E) ratio of 13.84. GE’s most recent ex-dividend date was 9/25/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 10/25/2023. Previously, the company paid the dividend on 7/25/2023 with an ex-dividend date of 7/10/2023. The GE stock dividend was $0.08 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GE in the last 3 months, the mean price target is $128.23 with high estimates of $140.00 and low estimates of $110.00. In terms of 52-week highs and lows, GE has a high of $117.96 and a low of $48.29.

As of this writing, GE has an earnings estimate of $0.55 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.45. The company reported an EPS of $0.27 in the last quarter, which was 92.90% higher than expectations of $0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GE’s latest balance sheet shows that the firm has $28.07B in Cash & Short Term Investments as of fiscal 2021. There were $35.19B in debt and $51.95B in liabilities at the time. Its Book Value Per Share was $28.64, while its Total Shareholder’s Equity was $41.61B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GE is Buy with a score of 4.20.

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