In the past week, GS stock has gone up by 3.32%, with a monthly gain of 5.22% and a quarterly surge of 3.38%. The volatility ratio for the week is 1.83%, and the volatility levels for the last 30 days are 1.80% for The Goldman Sachs Group Inc. The simple moving average for the past 20 days is 4.25% for GS’s stock, with a 0.70% simple moving average for the past 200 days.
Is It Worth Investing in The Goldman Sachs Group Inc. (NYSE: GS) Right Now?
The price-to-earnings ratio for The Goldman Sachs Group Inc. (NYSE: GS) is above average at 14.59x. The 36-month beta value for GS is also noteworthy at 1.39. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 1 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for GS is $382.61, which is $42.35 above than the current price. The public float for GS is 327.85M, and at present, short sellers hold a 0.99% of that float. The average trading volume of GS on September 20, 2023 was 2.18M shares.
GS) stock’s latest price update
The Goldman Sachs Group Inc. (NYSE: GS) has seen a decline in its stock price by -0.42 in relation to its previous close of 343.32. However, the company has experienced a 3.32% gain in its stock price over the last five trading sessions. Market Watch reported 2023-09-19 that Goldman Sachs Group Inc. is in advanced talks to sell its specialty lender GreenSky, the Wall Street Journal reported Tuesday night.
Analysts’ Opinion of GS
Many brokerage firms have already submitted their reports for GS stocks, with HSBC Securities repeating the rating for GS by listing it as a “Buy.” The predicted price for GS in the upcoming period, according to HSBC Securities is $403 based on the research report published on September 07, 2023 of the current year 2023.
GS Trading at 1.67% from the 50-Day Moving Average
After a stumble in the market that brought GS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.24% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +6.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.03% upper at present.
During the last 5 trading sessions, GS rose by +3.32%, which changed the moving average for the period of 200-days by -11.46% in comparison to the 20-day moving average, which settled at $328.93. In addition, The Goldman Sachs Group Inc. saw -0.43% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GS starting from SOLOMON DAVID M, who sale 4,200 shares at the price of $356.28 back on Aug 01. After this action, SOLOMON DAVID M now owns 124,782 shares of The Goldman Sachs Group Inc., valued at $1,496,376 using the latest closing price.
SOLOMON DAVID M, the Chairman of the Board and CEO of The Goldman Sachs Group Inc., sale 10,000 shares at $345.71 during a trade that took place back on Jul 20, which means that SOLOMON DAVID M is holding 128,982 shares at $3,457,132 based on the most recent closing price.
Stock Fundamentals for GS
Current profitability levels for the company are sitting at:
- +20.91 for the present operating margin
The net margin for The Goldman Sachs Group Inc. stands at +16.74. The total capital return value is set at 2.29, while invested capital returns managed to touch 3.01. Equity return is now at value 7.80, with 0.50 for asset returns.
Based on The Goldman Sachs Group Inc. (GS), the company’s capital structure generated 397.03 points at debt to equity in total, while total debt to capital is 79.88. Total debt to assets is 32.27, with long-term debt to equity ratio resting at 240.59. Finally, the long-term debt to capital ratio is 43.98.
When we switch over and look at the enterprise to sales, we see a ratio of 6.13, with the company’s debt to enterprise value settled at 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In summary, The Goldman Sachs Group Inc. (GS) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
