The stock price of Baker Hughes Co (NASDAQ: BKR) has plunged by -0.88 when compared to previous closing price of 36.36, but the company has seen a 7.90% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-21 that Increasing corn yields support investment in agriculture machinery and precision agriculture solutions from Deere. Tesla has the first-mover advantage in the electric vehicle market.
Is It Worth Investing in Baker Hughes Co (NASDAQ: BKR) Right Now?
The price-to-earnings ratio for Baker Hughes Co (NASDAQ: BKR) is 18.24x, which is above its average ratio. Moreover, the 36-month beta value for BKR is 1.37. Analysts have varying opinions on the stock, with 18 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for BKR is 992.33M and currently, short sellers hold a 1.88% of that float. On September 23, 2024, BKR’s average trading volume was 6.34M shares.
BKR’s Market Performance
BKR stock saw an increase of 7.90% in the past week, with a monthly gain of 4.62% and a quarterly increase of 9.44%. The volatility ratio for the week is 2.54%, and the volatility levels for the last 30 days are 2.21% for Baker Hughes Co (BKR). The simple moving average for the past 20 days is 4.71% for BKR’s stock, with a 9.55% 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 2.54% 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 -7.71% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.43% upper at present.
During the last 5 trading sessions, BKR rose by +7.90%, which changed the moving average for the period of 200-days by +6.79% in comparison to the 20-day moving average, which settled at $34.49. In addition, Baker Hughes Co saw 5.44% 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 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 1.46. 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
To wrap up, the performance of Baker Hughes Co (BKR) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
