GE HealthCare Technologies Inc. (NASDAQ: GEHC)’s stock price has decreased by -0.49 compared to its previous closing price of 77.14. However, the company has seen a gain of 0.17% in its stock price over the last five trading days. Barron’s reported on 03/09/23 that GE HealthCare Stock Has Had a Great Start. More Gains Lie Ahead.
Is It Worth Investing in GE HealthCare Technologies Inc. (NASDAQ: GEHC) Right Now?
GE HealthCare Technologies Inc. (NASDAQ: GEHC) has a higher price-to-earnings ratio of 18.35x compared to its average ratio, Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for GEHC is $90.00, which is $13.24 above the current market price. The public float for GEHC is 453.16M, and currently, shorts hold a 2.20% of that float. The average trading volume for GEHC on March 16, 2023 was 3.13M shares.
GEHC’s Market Performance
The volatility ratio for the week is 2.82%, and the volatility levels for the last 30 days are 2.61% for GE HealthCare Technologies Inc. (GEHC). The simple moving average for the last 20 days is 2.53% for GEHC stock, with a simple moving average of 13.55% for the last 200 days.
Analysts’ Opinion of GEHC
Many brokerage firms have already submitted their reports for GEHC stocks, with Evercore ISI repeating the rating for GEHC by listing it as a “Outperform.” The predicted price for GEHC in the upcoming period, according to Evercore ISI is $90 based on the research report published on March 13th of the current year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see GEHC reach a price target of $90. The rating they have provided for GEHC stocks is “Buy” according to the report published on February 17th, 2023.
GEHC Trading at 10.27% from the 50-Day Moving Average
After a stumble in the market that brought GEHC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.54% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +5.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.48% upper at present.
During the last 5 trading sessions, GEHC rose by +0.17%, in comparison to the 20-day moving average, which settled at $75.08. In addition, GE HealthCare Technologies Inc. saw 31.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GEHC
Current profitability levels for the company are sitting at:
- +13.98 for the present operating margin
- +39.37 for the gross margin
The net margin for GE HealthCare Technologies Inc. stands at +10.35.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
In conclusion, GE HealthCare Technologies Inc. (GEHC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.