general electric company [NYSE: GE] The trading session closed at $87.30 on 11/22/22. The stock reached a low of $86.00 in the day’s price range, while a high of $87.585 was reached. The company reported on November 22, 2022 that GE announced the closing of the offering of $8.25 billion senior notes issued by GE Healthcare.
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General Electric Company (“GE”) (NYSE: GE) announced today that GE Healthcare Holding LLC (“GE Healthcare”), a direct, wholly owned subsidiary of GE, has acquired an aggregate principal amount of $1,000,000,000 in its previously announced 5.550 Offer has been closed. % Senior Notes due 2024 (“2024 Notes”), $1,500,000,000 aggregate principal amount of 5.600% Senior Notes due 2025 (“2025 Notes”) and $1,750,000,000 aggregate principal amount of 5.650% Senior Notes due 2027 (“2027 Notes”). and, together with the 2024 Note and the 2025 Note, the “New Money Notes”), $1,250,000,000 aggregate principal amount of the 5.857% Senior Notes due 2030 (“2030 Notes”), $1,750,000,000 aggregate principal amount of the 5.905% Senior Notes due 2032 amount (the “2032 Notes”), and the $1,000,000,000 6.377% aggregate principal amount of the Senior Notes due 2052 (the “2052 Notes” and, together with the 2030 Notes and 2032 Notes, the “Spinco Debt Securities” and, together with the New Money Notes,” Notes”).
The Notes were offered as part of the financing of a proposed spin-off from GE to GE Healthcare (the “Spin-Off”), which is expected to be completed in the first week of January 2023. GE Healthcare has distributed the net proceeds from the offering of the New Money Notes to GE. The Spinco debt securities were initially issued by GE Healthcare to GE and by GE to BOFA Securities, Inc. and was transferred and distributed to Morgan Stanley & Company LLC, purported to be sold to noteholders in the offering in satisfaction of certain debt obligations of GE. With spin-off. GE Healthcare will not receive any proceeds from the Spinco Debt Securities Offering.
The one year performance of the shares is -7.59 percent and weekly performance is 0.18 percent. The stock has moved 17.15 per cent in the last six months. The stock has performed 19.00 percent in last 30 days and changed 13.76 percent in last 3 months.
If compared with the average trading volume of 6.14M shares, GE reached a volume of 4234154 in the most recent trading day, which is why market watchdogs consider the stock active.
Here’s what leading stock market gurus have to say about General Electric Co. [GE],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for GE shares is $85.82 per share. Target prices and analysis on the stock’s performance are usually carefully studied by market experts, and the current Wall Street consensus on GE stock is a recommendation at 2.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Bernstein has an outlook for shares of General Electric Company on August 17, 2022, keeping his view on the stock as Outperform, in line with his previous recommendation. While these analysts kept their previous recommendation, RBC Capital Markets raised their target price to $113 from $108. , The new note on the price target was issued on February 22, 2022, which represents the official price target for General Electric Company stock. Earlier, the target price was raised once again to $120, while analysts at Bernstein maintained an outperform rating on GE stock.
The Average True Range (ATR) for General Electric Company is set at 2.17, with a price-to-sales ratio of 1.27 for GE stock over the trailing 12-month period. The Price to Book ratio for the previous quarter was 3.04, the Price to Cash per share for the same quarter was set at 17.31. Free Cash Flow for GE over the trailing twelve months was 49.14, with a quick ratio of 0.80 for the last quarter.
GE stock trading performance evaluation
general electric company [GE] Moved into the green zone at the end of last week, in a positive trend and with a gain of 0.18. With this latest performance, GE shares are up 19.00% over the past four-week period, in addition to down 17.15% over the past 6 months — not to mention a -13.60% decline over the past year of trading. .
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GE stock for the past two-week period is set at 73.58, with the RSI for the last one trading hit 74.85, and the three-week RSI for General Electric Company is set at 70.75. [GE], The current moving average of this stock for last 50 days of trade is 73.13, while for last one week it was recorded at 85.79 and for last 200 days it is 78.15.
general electric company [GE]: An Insightful Look at the Fundamentals
The operating margin for any stock indicates how profitable an investment will be, and General Electric Co. [GE] The shares currently have an operating margin of +6.01 and gross margin at +27.82. The Net Margin of General Electric Company is currently recorded at -4.49.
The Return on Equity for this stock decreased to -8.79, with the Return on Assets at -1.47.
Liquidity data from General Electric Company is equally compelling, with a quick ratio of 0.80 and a current ratio set at 1.10.
Earnings Per Share (EPS) Analysis for General Electric Company [GE] stores
The company’s progress can be viewed through the prism of EPS growth rates, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for GE. When it comes to mentioned price, analysts are expecting a 5 Year EPS growth rate of 44.50% for General Electric Company.
general electric company [GE]: Insider Ownership Position
Institutional investors currently hold approximately $67,886 million or 71.90% of GE stock. The top three institutional holders of GE stock are: Capital Research Global Investors with ownership of 91,068,909, which accounts for approximately 5.108% of the company’s market cap and approximately 0.21% of total institutional ownership; Vanguard Group Inc. holds 86,108,801 shares of GE stock with an estimated value of $7.52 billion in GE stock shares; and BlackRock Inc., currently owning approximately -4.064% of the company’s market capitalization with $5.75 billion in GE stock.
Shares of General Electric Company held by institutional investors increased at the end of October and at the time of the October reporting period, where 585 institutional holders increased their positions in General Electric Company [NYSE:GE] By approximately 65,473,329 shares. Additionally, 728 investors reduced positions by approximately 59,321,347 shares, while 257 investors held positions totaling 652,821,006 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 777,615,682 shares. There were 101 new institutional investments in GE stock for a total of 32,502,347 shares, while 128 institutional investors sold 3,812,619 shares during the same period.