The stock price of Goldman Sachs Group, Inc. (NYSE: GS) has surged by 3.61 when compared to previous closing price of 389.49, but the company has seen a -1.70% decline in its stock price over the last five trading sessions. Investopedia reported 2024-04-15 that Shares of Wall Street banking giant Goldman Sachs (GS) surged more than 4% in intraday trading Monday following the release of a first-quarter earnings report that handily beat analyst expectations on the back of booming investment banking revenue.
Is It Worth Investing in Goldman Sachs Group, Inc. (NYSE: GS) Right Now?
Goldman Sachs Group, Inc. (NYSE: GS) has a price-to-earnings ratio that is above its average at 17.68x. The stock has a 36-month beta value of 1.42. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for GS is 322.79M, and at present, short sellers hold a 1.58% of that float. On April 15, 2024, the average trading volume of GS was 2.30M shares.
GS’s Market Performance
GS stock saw an increase of -1.70% in the past week, with a monthly gain of 3.84% and a quarterly increase of 6.83%. The volatility ratio for the week is 1.65%, and the volatility levels for the last 30 days are 1.89% for Goldman Sachs Group, Inc. (GS). The simple moving average for the last 20 days is -0.14% for GS stock, with a simple moving average of 14.05% 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 2.39% 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 -3.73% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +4.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.20% upper at present.
During the last 5 trading sessions, GS fell by -1.64%, which changed the moving average for the period of 200-days by +28.74% in comparison to the 20-day moving average, which settled at $404.94. In addition, Goldman Sachs Group, Inc. saw 4.61% 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
To sum up, Goldman Sachs Group, Inc. (GS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
