GE stock: buy or sell?

GE stock price: $7.62 -6.16% At close on March 27th, 2020

Updated on:
March 27th, 2020

1

After boosting an extraordinary 6.90% on March 26th, General Electric closed yesterday at $7.62 and plummed a chilling -6.16%.

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments.

Should I buy GE stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with General Electric stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
 This doesn't mean GE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is General Electric stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't find any rating for GE stock for the last 30 days.

GE stock analysis

Daily outlook

After boosting an extraordinary 6.90% on Mar/26, General Electric closed yesterday at $7.62 and plummed a chilling -6.16%.

After boosting an extraordinary 6.90% on Mar 26th, General Electric closed yesterday at $7.62 and plummed a chilling -6.16%. Since price and SMA200d lines crossed down on Mar 5th, GE fell $-3.32 per share (-30.35%). Since last January when SMA100d and SMA200d crossed up, GE price slipped $-4.42 per share (-36.71%).

GE stock chart (daily)

Weekly outlook

After sliding a chilling -20.40% in a week last week, General Electric closed this week at $7.62 and climbed an extraordinary 16.87%. This week broke a streak of 4 declining weeks.

Since early March, when GE stock price broke down the 40-weeks moving avarage line, it slid $-3.25 per share (-29.90%). Stocks below the 200d moving average line are usually not recommended for average traders. Since late December 2019 when SMA20w and SMA40w crossed up, GE price slipped $-3.55 per share (-31.78%).

GE stock chart (weekly)

GE stock price history

GE stock went public on November 13th, 1980 with a price of $0.001. Since then, GE stock surged a inf%, with a yearly average of inf%. If you had invested right after GE's IPO a $1,000 in GE stock in 1980, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

GE stock historical price chart

GE stock reached 52-week highs on February at $13.25, and all-time highs 2000-08-28 with a price of 31.27.

GE stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price forecast for General Electric stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on April, General Electric . As soon as we get its actual EPS from the earnings report, we will update this report.
GE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.23n/a
2017-Q32017-10-200.490.29-40.8%
2017-Q42018-01-240.290.27-6.9%
2018-Q12018-04-200.110.1645.5%
2018-Q22018-07-200.180.195.6%
2018-Q32018-10-300.210.14-33.3%
2018-Q42019-01-310.180.17-5.6%
2019-Q12019-04-180.13n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, General Electric annual revenues raised a slightly good 2.85% to $121,616.00 million dollars from $118,243.00 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) plummed a -11.21% to -18.38%.

To have an up to date picture of the financial situation of General Electric, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual General Electric TTM sales up to March 2019 were $120,243.00 and earnings were $-17,620.00 million dollars. If we compare this TTM figures with the last reported annuality, we can review General Electric business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, slightly fell an ugly -1.13%. Regarding profit margin, General Electric grew 3.73% to -18.38%

GE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$142,710 M-$15,160 M10.6%-
2014$147,811 M3.57%$15,233 M10.3%0.48%
2015$115,158 M-22.09%$-6,126.00 M-5.3%-140.22%
2016$119,687 M3.93%$8,831 M7.4%-244.16%
2017$118,243 M-1.21%$-8,484.00 M-7.2%-196.07%
2018$121,616 M2.85%$-22,355.00 M-18.4%163.50%
TTM $120,243 M-1.13%$-17,620.00 M-14.7%-21.18%

Quarterly financial results

General Electric posted $27,286.00 M in revenues for 2019-Q1, a -18.01% less compared to previous quarter. Reported quarter earnings marked $3,588.00 million with a profit margin of 13.15%. Profit margin climbed a 10.86% compared to previous quarter when profit margin was 2.29%. When comparing revenues to same quarter last year, General Electric sales marked a fateful loss and depreciated a -4.79%.
GE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$29,190 M-$1,510.00 M5.2%-
2017-Q3$31,327 M7.32%$1,836.00 M5.9%21.59%
2017-Q4$33,828 M7.98%$-8,120.00 M-24.0%-542.27%
2018-Q1$28,660 M-15.28%$-1,147.00 M-4.0%-85.87%
2018-Q2$30,104 M5.04%$800.00 M2.7%-169.75%
2018-Q3$29,574 M-1.76%$-22,769.00 M-77.0%-2,946.13%
2018-Q4$33,279 M12.53%$761.00 M2.3%-103.34%
2019-Q1$27,286 M-18.01%$3,588.00 M13.1%371.48%

General Electric ownership

When you are planning to invest in a company, it's always worth to review its ownership structure.

General Electric shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.14% of all shares.

In case of General Electric stock, 63.76% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to General Electric:

GE
Market cap$66.3 B
Total shares8,700.0 M
Float shares8,730.0 M
  - Institutional holdings (%)63.8%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

GE summary

Friday, March 27th, 2020
Open$7.68
Close$7.62
Day range$7.54 - $7.87
Previous close$8.12
Session gain-6.16%
Average true range$0.88
50d mov avg$10.55
100d mov avg$10.95
200d mov avg$10.17
Daily patternlt03a
Weekly pattern

General Electric performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared General Electric against in the following table:
Stock3m6m12m
GEGeneral Electric-31.78%-15.52%-23.42%

General Electric competitors

Unfortunately, we could not find any public company that could be defined as General Electric competitor. This doesn't mean General Electric does not have any competitor in the market, it's just we could not detected it.

    Latest GE stock news