GE Aerospace: Rising -1.89% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, GE Aerospace had a somewhat regular. The highest value for the stock in the past year was $143.84 on 03/27/24, while the lowest value was $74.55 on 04/13/23.

52-week price history of GE Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. GE Aerospace’s current trading price is -1.89% away from its 52-week high, while its distance from the 52-week low is 89.32%. The stock’s price range for this period has remained between $74.55 and $143.84. The Industrials sector company’s shares managed to surpass a trading volume of around 8.65 million for the day, which was noticeably higher compared to the shares’ average daily volume of 7.62 million over the last three months.

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Financial Performance and Market Capitalization

GE Aerospace (GE) has experienced a quarterly rise of 38.65% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 154.29B and boasts a workforce of 125000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 137.97, with a change in price of +30.48. Similarly, GE Aerospace recorded 5,395,291 in trading volume during the last 100 days, posting a change of +27.27%.

GE Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GE stands at 0.84. Similarly, the long-term debt-to-equity ratio is also 0.79.

GE Stock Stochastic Average

As of today, the raw stochastic average of GE Aerospace over the past 50 days is 29.33%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 9.33%. Additionally, the Stochastic %K and %D values for the company were 56.00% and 73.86%, respectively, over the past 20 days.

GE Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 38.65% this year. Over the last six months, there has been a weaker performance of 60.07%. The price of GE fallen by 11.54% during the last 30 days period. For the last 5-days stocks have improved 2.00%.

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