General Electric Company (GE): What’s the Story?

General Electric Company (GE) is an interesting player in the Industrial Goods space, with a focus on Diversified Machinery. The stock has been active on the tape, currently trading at $15.03, up from yesterday’s close by 0.00%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

General Electric Company (GE) currently trades with a market capitalization of $130.72 Billion. That value represents a market adjusting for revenues that have been growing by 6.62 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $3.79 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.18 on a per share basis this quarter. Perhaps, that suggests something about why 0.16% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how GE has been acting. Looking at the stock’s movement on the chart, General Electric Company recorded a 52-week high of $29.47. It is now trading 14.44% off that level. The stock is trading $13.97 its 50-day moving average by -1.06%. The stock carved out a 52-week low down at $12.73.

In recent action, General Electric Company (GE) has made a move of +7.43% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.69% with $8.67 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GE.

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