Goldman Sachs Group, Inc. (NYSE: GS) has a price-to-earnings ratio of 15.74x that is above its average ratio. Additionally, the 36-month beta value for GS is 1.36. 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 314.21M and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of GS on August 14, 2024 was 2.33M shares.
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GS) stock’s latest price update
The stock price of Goldman Sachs Group, Inc. (NYSE: GS) has dropped by -0.37 compared to previous close of 491.94. Despite this, the company has seen a gain of 3.62% in its stock price over the last five trading days. proactiveinvestors.com reported 2024-08-13 that Goldman Sachs Group Inc (NYSE:GS, ETR:GOS)’ asset management division is the latest US firm to exit investor engagement group Climate Action 100+ amid broader political backlash against climate-focused coalitions. Republican lawmakers have argued these groups may violate antitrust laws by encouraging companies to reduce their emissions.
GS’s Market Performance
GS’s stock has risen by 3.62% in the past week, with a monthly drop of -2.56% and a quarterly rise of 6.91%. The volatility ratio for the week is 2.18% while the volatility levels for the last 30 days are 2.77% for Goldman Sachs Group, Inc. The simple moving average for the past 20 days is 0.40% for GS’s stock, with a 19.83% simple moving average for the past 200 days.
Analysts’ Opinion of GS
Argus, on the other hand, stated in their research note that they expect to see GS reach a price target of $465. The rating they have provided for GS stocks is “Buy” according to the report published on April 16th, 2024.
Daiwa Securities gave a rating of “Outperform” to GS, setting the target price at $430 in the report published on March 14th of the current year.
GS Trading at 3.80% 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 unable to rebound, for now settling with -5.24% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares sank -2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.78% upper at present.
During the last 5 trading sessions, GS rose by +3.67%, which changed the moving average for the period of 200-days by +65.11% in comparison to the 20-day moving average, which settled at $487.60. In addition, Goldman Sachs Group, Inc. saw 27.05% 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 Montag Thomas K., who sale 10,000 shares at the price of $505.04 back on Jul 16 ’24. After this action, Montag Thomas K. now owns 12,450 shares of Goldman Sachs Group, Inc., valued at $5,050,436 using the latest closing price.
VINIAR DAVID A, the Director of Goldman Sachs Group, Inc., sale 5,000 shares at $502.43 during a trade that took place back on Jul 16 ’24, which means that VINIAR DAVID A is holding 618,425 shares at $2,512,125 based on the most recent closing price.
Stock Fundamentals for GS
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.65 for the gross margin
The net margin for Goldman Sachs Group, Inc. stands at 0.22. The total capital return value is set at 0.02. Equity return is now at value 9.53, with 0.70 for asset returns.
Based on Goldman Sachs Group, Inc. (GS), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 5.33. The interest coverage ratio of the stock is 0.2.
Currently, EBITDA for the company is 15.6 billion with net debt to EBITDA at 24.38. When we switch over and look at the enterprise to sales, we see a ratio of 11.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
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.
