General Electric (GE) Flagged As Today's Pre-Market Laggard
Trade-Ideas LLC identified
(
) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified General Electric as such a stock due to the following factors:
- GE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.2 billion.
- GE traded 132,132 shares today in the pre-market hours as of 7:39 AM.
- GE is down 2.1% today from yesterday's close.
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More details on GE:
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The stock currently has a dividend yield of 2.8%. Currently there are 6 analysts that rate General Electric a buy, 1 analyst rates it a sell, and 6 rate it a hold.
The average volume for General Electric has been 34.2 million shares per day over the past 30 days. General Electric has a market cap of $302.8 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.28 and a short float of 1.2% with 5.05 days to cover. Shares are up 5.2% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates General Electric as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins.
Highlights from the ratings report include:
- Despite its growing revenue, the company underperformed as compared with the industry average of 11.7%. Since the same quarter one year prior, revenues slightly increased by 6.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry, implying reduced upside potential.
- Net operating cash flow has significantly decreased to $599.00 million or 90.16% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
- The debt-to-equity ratio is very high at 2.04 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company.
- You can view the full General Electric Ratings Report.
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