Baker Hughes Co (NASDAQ: BKR) has a higher price-to-earnings ratio of 17.77x compared to its average ratio. BKR has 36-month beta value of 1.42. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BKR is 996.60M, and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of BKR on May 07, 2024 was 7.82M shares.
BKR) stock’s latest price update
Baker Hughes Co (NASDAQ: BKR) has experienced a rise in its stock price by 0.25 compared to its previous closing price of 31.92. However, the company has seen a fall of -3.67% in its stock price over the last five trading days. The Motley Fool reported 2024-05-02 that ExxonMobil is still delivering for shareholders despite lower earnings. A high price of oil should support underlying growth at Baker Hughes EOG is a leader in energy exploration, and the stock sits in the bargain bin.
BKR’s Market Performance
Baker Hughes Co (BKR) has seen a -3.67% fall in stock performance for the week, with a -6.73% decline in the past month and a 11.11% surge in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.26% for BKR. The simple moving average for the last 20 days is -2.57% for BKR’s stock, with a simple moving average of -4.23% for the last 200 days.
Analysts’ Opinion of BKR
TD Cowen, on the other hand, stated in their research note that they expect to see BKR reach a price target of $49, previously predicting the price at $46. The rating they have provided for BKR stocks is “Outperform” according to the report published on January 25th, 2024.
BofA Securities gave a rating of “Buy” to BKR, setting the target price at $38 in the report published on July 12th of the previous year.
BKR Trading at -0.85% 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 -14.84% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -6.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.06% upper at present.
During the last 5 trading sessions, BKR fell by -3.67%, which changed the moving average for the period of 200-days by -7.67% in comparison to the 20-day moving average, which settled at $32.73. In addition, Baker Hughes Co saw -6.38% 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 BKR starting from Apostolides James E, who sale 5,000 shares at the price of $33.88 back on Apr 05 ’24. After this action, Apostolides James E now owns 14,998 shares of Baker Hughes Co, valued at $169,400 using the latest closing price.
Apostolides James E, the SVP, Enterprise Op Excellence of Baker Hughes Co, sale 10,000 shares at $29.44 during a trade that took place back on Mar 05 ’24, which means that Apostolides James E is holding 14,451 shares at $294,400 based on the most recent closing price.
Stock Fundamentals for BKR
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.21 for the gross margin
The net margin for Baker Hughes Co stands at 0.07. The total capital return value is set at 0.12. Equity return is now at value 12.10, with 5.05 for asset returns.
Based on Baker Hughes Co (BKR), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 14.5.
Currently, EBITDA for the company is 4.28 billion with net debt to EBITDA at 0.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To put it simply, Baker Hughes Co (BKR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
