The coronavirus pandemic further complicates the jet's return to service — and the prospect for future engine orders more broadly.Under Culp, a cash-challenged General Electric slashed the quarterly dividend to a token penny a share. GE stock price forecast: expect more frustration. Walletinvestor General Electric Company (NYSE: GE) is -43.46% lower on its value in year-to-date trading and has touched a low of $5.48 and a high of $13.26 in the current 52-week trading range.
General Electric Co. finance tips,
The firm has a 50-day simple moving average (SMA 50) of $6.65 and a 200-day simple moving average (SMA200) of $7.59.The stock witnessed a -10.37% gain in the last 1 month and extending the period to 3 months gives it a -1.56%, and is -5.26% down over the last 5 days. However, with a daily trading volume of 102.36 million and changing 5.07% at the moment leaves the stock -24.76% off its SMA200.
can be a 19 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 1 think it is a “Overweight”. The GE stock was last observed hovering at around $6.31 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $8.00 for the next 12 months. Following the transaction, the insider now directly holds 43.72 million shares of the GE stock.Still, SEC filings show that on Aug 03, GARDEN EDWARD P (Director) disposed off 1,542,820 shares at an average price of $6.18 for $9.53 million. The GE stock price is -104% off its 52-week high price of $13.26 and 15.69% above the 52-week low of $5.48.
Will GE price go up?
Analysts on average expect GE earnings per share to come in at zero in 2020, then to rebound to 36 cents in 2021. 161 out of 197 industry groups tracked by IBD.General Electric stock bounced back after the coronavirus sell-off, but that didn't last long.
However, with a daily trading volume of 102.36 million and changing 5.07% at the moment leaves the stock -24.76% off its SMA200. Not within a year. Each of those units generated a loss in Q2, except health care.Still, the Boeing 737 Max issue remains a major uncertainty for GE. days (7 -180) GE registered -22.95% loss for a year compared to 6-month loss of -46.80%. GE forecast tomorrow, Not within a year. It's even worse with General Electric, whereby management doesn't expect its … The industrial icon is well off all-time highs, with a new buy point nowhere in sight.After a severe drop in March and now a fresh earnings dive, it may take many months for GE stock to form a proper base. The firm has a 50-day simple moving average (SMA 50) of $6.65 and a 200-day simple moving average (SMA200) of $7.59.The stock witnessed a -10.37% gain in the last 1 month and extending the period to 3 months gives it a -1.56%, and is -5.26% down over the last 5 days. Stock Price Forecast The 15 analysts offering 12-month price forecasts for General Electric Co have a median target of 8.00, with a high estimate of 11.00 and a low estimate of 5.00. It is also 39.73% off the consensus price target high of $11.00 offered by 19 analysts, but current levels are -32.6% lower than the price target low of $5.00 for the same period.Currently trading at $6.63, the stock is 2.67% and -1.72% below its SMA20 and SMA50 respectively. With a market cap of $95.9 billion, the stock trades at 28-30 times FCF for 2020. The trade occurred on Aug 04 and was made at $6.16 per share for $66.26 million. GE stock has solid institutional backing: 1,767 funds owned GE shares as of June, though that was down from 1,872 in March.On key earnings and sales metrics, GE stock earns a poor On July 29, the industrial giant reported a Q2 loss of 15 cents per share, a penny worse than views, on revenue of $17.75 billion.