In the past week, GS stock has gone up by 2.24%, with a monthly gain of 0.38% and a quarterly surge of 11.02%. The volatility ratio for the week is 1.49%, and the volatility levels for the last 30 days are 2.42% for Goldman Sachs Group, Inc. The simple moving average for the past 20 days is 2.97% for GS’s stock, with a 21.26% simple moving average for the past 200 days.
Is It Worth Investing in Goldman Sachs Group, Inc. (NYSE: GS) Right Now?
The price-to-earnings ratio for Goldman Sachs Group, Inc. (NYSE: GS) is above average at 16.30x. The 36-month beta value for GS is also noteworthy at 1.35. 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.”
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The public float for GS is 314.22M, and at present, short sellers hold a 1.69% of that float. The average trading volume of GS on August 28, 2024 was 2.19M shares.
GS) stock’s latest price update
Goldman Sachs Group, Inc. (NYSE: GS)’s stock price has gone rise by 0.06 in comparison to its previous close of 507.26, however, the company has experienced a 2.24% increase in its stock price over the last five trading days. zacks.com reported 2024-08-28 that Despite Goldman Sachs’ downward revision to the oil price forecast, the space still looks good for investment. We recommend buying stocks like SM, FTI and TUWOY.
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 5.27% 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 -1.87% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.32% upper at present.
During the last 5 trading sessions, GS rose by +1.85%, which changed the moving average for the period of 200-days by +57.63% in comparison to the 20-day moving average, which settled at $492.74. In addition, Goldman Sachs Group, Inc. saw 31.57% 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 SOLOMON DAVID M, who sale 6,000 shares at the price of $500.29 back on Aug 15 ’24. After this action, SOLOMON DAVID M now owns 124,433 shares of Goldman Sachs Group, Inc., valued at $3,001,740 using the latest closing price.
SOLOMON DAVID M, the Managing Director of Goldman Sachs Group, Inc., proposed sale 6,000 shares at $498.70 during a trade that took place back on Aug 15 ’24, which means that SOLOMON DAVID M is holding shares at $2,992,200 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 11.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In summary, Goldman Sachs Group, Inc. (GS) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
