The stock of Baker Hughes Company (BKR) has gone down by -2.14% for the week, with a 3.40% rise in the past month and a 19.58% rise in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are 1.80% for BKR. The simple moving average for the past 20 days is 0.06% for BKR’s stock, with a 16.50% simple moving average for the past 200 days.
Is It Worth Investing in Baker Hughes Company (NASDAQ: BKR) Right Now?
Baker Hughes Company (NASDAQ: BKR) has a price-to-earnings ratio of 31.86x that is above its average ratio. Additionally, the 36-month beta value for BKR is 1.51. There are mixed opinions on the stock, with 19 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for BKR is $40.04, which is $4.17 above the current price. The public float for BKR is 1.01B and currently, short sellers hold a 1.55% ratio of that float. The average trading volume of BKR on September 18, 2023 was 7.00M shares.
BKR) stock’s latest price update
Baker Hughes Company (NASDAQ: BKR)’s stock price has dropped by -1.42 in relation to previous closing price of 36.68. Nevertheless, the company has seen a loss of -2.14% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-13 that Higher oil prices are good news for oil company margins and profits.
Analysts’ Opinion of BKR
Many brokerage firms have already submitted their reports for BKR stocks, with BofA Securities repeating the rating for BKR by listing it as a “Buy.” The predicted price for BKR in the upcoming period, according to BofA Securities is $38 based on the research report published on July 12, 2023 of the current year 2023.
BKR Trading at 2.02% from the 50-Day Moving Average
After a stumble in the market that brought BKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.77% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +3.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.43% upper at present.
During the last 5 trading sessions, BKR fell by -2.14%, which changed the moving average for the period of 200-days by +28.27% in comparison to the 20-day moving average, which settled at $36.20. In addition, Baker Hughes Company saw 22.45% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BKR starting from BORRAS MARIA C, who sale 10,000 shares at the price of $36.56 back on Sep 01. After this action, BORRAS MARIA C now owns 63,997 shares of Baker Hughes Company, valued at $365,600 using the latest closing price.
Jones Regina, the Chief Legal Officer of Baker Hughes Company, sale 10,000 shares at $35.19 during a trade that took place back on Aug 24, which means that Jones Regina is holding 62,873 shares at $351,900 based on the most recent closing price.
Stock Fundamentals for BKR
Current profitability levels for the company are sitting at:
- +8.76 for the present operating margin
- +23.26 for the gross margin
The net margin for Baker Hughes Company stands at -2.84. The total capital return value is set at 8.02, while invested capital returns managed to touch -2.79. Equity return is now at value 7.90, with 3.30 for asset returns.
Based on Baker Hughes Company (BKR), the company’s capital structure generated 51.40 points at debt to equity in total, while total debt to capital is 33.95. Total debt to assets is 21.64, with long-term debt to equity ratio resting at 45.38. Finally, the long-term debt to capital ratio is 29.97.
When we switch over and look at the enterprise to sales, we see a ratio of 1.75, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 3.64 and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
In conclusion, Baker Hughes Company (BKR) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
