The price-to-earnings ratio for Goldman Sachs Group, Inc. (NYSE: GS) is above average at 17.66x, Company’s 36-month beta value is 1.42.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for GS is 323.82M, and currently, short sellers hold a 1.57% ratio of that floaft. The average trading volume of GS on April 10, 2024 was 2.28M shares.
GS) stock’s latest price update
Goldman Sachs Group, Inc. (NYSE: GS)’s stock price has decreased by -1.86 compared to its previous closing price of 410.71. However, the company has seen a -2.64% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Besides Wall Street’s top -and-bottom-line estimates for Goldman (GS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
GS’s Market Performance
Goldman Sachs Group, Inc. (GS) has seen a -2.64% fall in stock performance for the week, with a 4.38% gain in the past month and a 5.04% surge in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 1.85% for GS. The simple moving average for the last 20 days is -0.03% for GS stock, with a simple moving average of 14.31% for the last 200 days.
Analysts’ Opinion of GS
Many brokerage firms have already submitted their reports for GS stocks, with Daiwa Securities repeating the rating for GS by listing it as a “Outperform.” The predicted price for GS in the upcoming period, according to Daiwa Securities is $430 based on the research report published on March 14, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Overweight” to GS, setting the target price at $449 in the report published on January 30th of the current year.
GS Trading at 2.46% 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 -3.85% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.45% upper at present.
During the last 5 trading sessions, GS fell by -3.07%, which changed the moving average for the period of 200-days by +27.52% in comparison to the 20-day moving average, which settled at $403.84. In addition, Goldman Sachs Group, Inc. saw 4.49% 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 GS starting from COLEMAN DENIS P., who sale 12,680 shares at the price of $394.43 back on Feb 23 ’24. After this action, COLEMAN DENIS P. now owns 29,417 shares of Goldman Sachs Group, Inc., valued at $5,001,372 using the latest closing price.
BERLINSKI PHILIP R., the Global Treasurer of Goldman Sachs Group, Inc., sale 11,650 shares at $390.64 during a trade that took place back on Feb 22 ’24, which means that BERLINSKI PHILIP R. is holding 18,408 shares at $4,550,948 based on the most recent closing price.
Stock Fundamentals for GS
Current profitability levels for the company are sitting at:
- 0.52 for the present operating margin
- 0.34 for the gross margin
The net margin for Goldman Sachs Group, Inc. stands at 0.18. The total capital return value is set at 0.05. Equity return is now at value 7.28, with 0.55 for asset returns.
Based on Goldman Sachs Group, Inc. (GS), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 5.49. The interest coverage ratio of the stock is 0.38.
Currently, EBITDA for the company is -1.73 billion with net debt to EBITDA at 17.21. When we switch over and look at the enterprise to sales, we see a ratio of 11.52. The receivables turnover for the company is 0.31for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
In a nutshell, Goldman Sachs Group, Inc. (GS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
