The stock of Goldman Sachs Group, Inc. (GS) has seen a 4.01% increase in the past week, with a 8.10% gain in the past month, and a 15.28% flourish in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are at 1.80% for GS.. The simple moving average for the past 20 days is 6.71% for GS’s stock, with a 22.80% simple moving average for the past 200 days.
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 17.33x. The stock has a 36-month beta value of 1.38. 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 320.82M, and at present, short sellers hold a 1.57% of that float. On May 08, 2024, the average trading volume of GS was 2.35M shares.
GS) stock’s latest price update
The stock of Goldman Sachs Group, Inc. (NYSE: GS) has increased by 0.03 when compared to last closing price of 443.67.Despite this, the company has seen a gain of 4.01% in its stock price over the last five trading days. InvestorPlace reported 2024-05-07 that The Dow Jones Industrial Average is an index comprised of 30 blue-chip stocks that are meant to serve as a cross-section of the U.S. economy. Owing to its composition of established blue-chip names, the Dow tends to grow at a slower pace than either the benchmark S&P 500 index or the technology-laden Nasdaq index.
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 9.54% 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 -0.13% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares surge +8.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.73% upper at present.
During the last 5 trading sessions, GS rose by +4.01%, which changed the moving average for the period of 200-days by +26.09% in comparison to the 20-day moving average, which settled at $417.56. In addition, Goldman Sachs Group, Inc. saw 15.04% 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 VINIAR DAVID A, who sale 5,000 shares at the price of $432.25 back on Apr 29 ’24. After this action, VINIAR DAVID A now owns 623,425 shares of Goldman Sachs Group, Inc., valued at $2,161,234 using the latest closing price.
COLEMAN DENIS P., the Chief Financial Officer of Goldman Sachs Group, Inc., sale 12,680 shares at $394.43 during a trade that took place back on Feb 23 ’24, which means that COLEMAN DENIS P. is holding 29,417 shares at $5,001,372 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
- 0.53 for the gross margin
The net margin for Goldman Sachs Group, Inc. stands at 0.14. The total capital return value is set at 0.02. Equity return is now at value 7.98, 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 5.58. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is -1.73 billion with net debt to EBITDA at 84.62. When we switch over and look at the enterprise to sales, we see a ratio of 9.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
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.
