Taking a Fresh Look at General Electric Company (GE)

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 $23.58, up from yesterday’s close by 1.99%. 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

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. General Electric Company (GE) currently trades with a market capitalization of $204.78 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For GE, the company currently has $44.05 Billion of cash on the books, which is offset by $30.04 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-2.45 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.49 on a per share basis this quarter. Perhaps, that suggests something about why 59.53% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, General Electric Company recorded a 52-week high of $32.38. It is now trading 8.8% off that level. The stock is trading $24.31 its 50-day moving average by 0.73%. The stock carved out a 52-week low down at $22.83.

In recent action, General Electric Company (GE) has made a move of -4.73% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.62, 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 1.45% with $8.65 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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