The price-to-earnings ratio for Baker Hughes Co (NASDAQ: BKR) is above average at 16.91x, Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 18 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for BKR is 992.33M, and currently, short sellers hold a 1.88% ratio of that floaft. The average trading volume of BKR on September 16, 2024 was 6.20M shares.
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BKR) stock’s latest price update
The stock price of Baker Hughes Co (NASDAQ: BKR) has jumped by 0.33 compared to previous close of 33.29. Despite this, the company has seen a fall of -1.59% in its stock price over the last five trading days. reuters.com reported 2024-09-13 that U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks in the biggest weekly rise in a year, energy services firm Baker Hughes said in its closely followed report on Friday.
BKR’s Market Performance
Baker Hughes Co (BKR) has experienced a -1.59% fall in stock performance for the past week, with a -3.88% drop in the past month, and a 5.60% rise in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 2.03% for BKR. The simple moving average for the past 20 days is -3.06% for BKR’s stock, with a 1.60% simple moving average for the past 200 days.
Analysts’ Opinion of BKR
Many brokerage firms have already submitted their reports for BKR stocks, with TD Cowen repeating the rating for BKR by listing it as a “Buy.” The predicted price for BKR in the upcoming period, according to TD Cowen is $50 based on the research report published on July 29, 2024 of the current year 2024.
TD Cowen gave a rating of “Outperform” to BKR, setting the target price at $49 in the report published on January 25th of the current year.
BKR Trading at -4.81% 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 -14.47% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.10% lower at present.
During the last 5 trading sessions, BKR fell by -1.59%, which changed the moving average for the period of 200-days by -1.68% in comparison to the 20-day moving average, which settled at $34.37. In addition, Baker Hughes Co saw -2.28% 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 Simonelli Lorenzo, who sale 114,286 shares at the price of $35.00 back on Aug 08 ’24. After this action, Simonelli Lorenzo now owns 502,053 shares of Baker Hughes Co, valued at $4,000,010 using the latest closing price.
Simonelli Lorenzo, the Officer of Baker Hughes Co, proposed sale 114,286 shares at $35.00 during a trade that took place back on Aug 08 ’24, which means that Simonelli Lorenzo is holding shares at $4,000,010 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 12.97, with 5.47 for asset returns.
Based on Baker Hughes Co (BKR), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 15.78.
Currently, EBITDA for the company is 4.28 billion with net debt to EBITDA at 0.87. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 3.83for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In a nutshell, Baker Hughes Co (BKR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
