Goldman Sachs Group, Inc. (NYSE: GS) has a price-to-earnings ratio of 16.82x that is above its average ratio. Additionally, the 36-month beta value for GS is 1.40. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 15 rating it as “hold,” and 2 rating it as “sell.”
The public float for GS is 322.78M and currently, short sellers hold a 1.56% ratio of that float. The average trading volume of GS on April 30, 2024 was 2.37M shares.
GS) stock’s latest price update
Goldman Sachs Group, Inc. (NYSE: GS)’s stock price has surge by 0.76relation to previous closing price of 427.57. Nevertheless, the company has seen a 3.23% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Goldman Sachs (GS) have what it takes?
GS’s Market Performance
GS’s stock has risen by 3.23% in the past week, with a monthly rise of 3.14% and a quarterly rise of 13.20%. The volatility ratio for the week is 1.81% while the volatility levels for the last 30 days are 1.91% for Goldman Sachs Group, Inc. The simple moving average for the last 20 days is 5.31% for GS stock, with a simple moving average of 20.19% for the last 200 days.
Analysts’ Opinion of GS
Many brokerage firms have already submitted their reports for GS stocks, with Argus repeating the rating for GS by listing it as a “Buy.” The predicted price for GS in the upcoming period, according to Argus is $465 based on the research report published on April 16, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see GS reach a price target of $430, previously predicting the price at $410. The rating they have provided for GS stocks is “Outperform” according to the report published on March 14th, 2024.
GS Trading at 7.80% 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 able to rebound, for now settling with 0.53% of gains for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +4.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.78% upper at present.
During the last 5 trading sessions, GS rose by +3.23%, which changed the moving average for the period of 200-days by +31.07% in comparison to the 20-day moving average, which settled at $409.95. In addition, Goldman Sachs Group, Inc. saw 11.68% 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:
- 0.18 for the present operating margin
- 0.61 for the gross margin
The net margin for Goldman Sachs Group, Inc. stands at 0.14. The total capital return value is set at 0.01. Equity return is now at value 7.99, with 0.58 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 0.01. The debt to equity ratio resting at 5.6. The interest coverage ratio of the stock is 0.25.
Currently, EBITDA for the company is -1.73 billion with net debt to EBITDA at 84.16. When we switch over and look at the enterprise to sales, we see a ratio of 8.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In conclusion, Goldman Sachs Group, Inc. (GS) has seen better performance in recent times. Analysts have a bullish 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.
