Baker Hughes Co (NASDAQ: BKR) has a price-to-earnings ratio of 19.08x that is above its average ratio. Additionally, the 36-month beta value for BKR is 1.37. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for BKR is 992.33M and currently, short sellers hold a 1.93% ratio of that float. The average trading volume of BKR on October 14, 2024 was 6.53M shares.
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BKR) stock’s latest price update
Baker Hughes Co (NASDAQ: BKR) has experienced a rise in its stock price by 0.24 compared to its previous closing price of 37.61. However, the company has seen a fall of -0.61% in its stock price over the last five trading days. fool.com reported 2024-10-12 that Gas and nuclear power are set to be a large part of providing energy for decades to come.
BKR’s Market Performance
Baker Hughes Co (BKR) has experienced a -0.61% fall in stock performance for the past week, with a 13.25% rise in the past month, and a 5.57% rise in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 2.41% for BKR. The simple moving average for the last 20 days is 3.36% for BKR’s stock, with a simple moving average of 13.60% for the last 200 days.
Analysts’ Opinion of BKR
Many brokerage firms have already submitted their reports for BKR stocks, with Wells Fargo repeating the rating for BKR by listing it as a “Overweight.” The predicted price for BKR in the upcoming period, according to Wells Fargo is $42 based on the research report published on September 25, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see BKR reach a price target of $50, previously predicting the price at $46. The rating they have provided for BKR stocks is “Buy” according to the report published on July 29th, 2024.
BKR Trading at 6.76% 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 -3.46% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.13% upper at present.
During the last 5 trading sessions, BKR fell by -0.61%, which changed the moving average for the period of 200-days by +8.40% in comparison to the 20-day moving average, which settled at $36.47. In addition, Baker Hughes Co saw 10.30% 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 1.52. 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 conclusion, Baker Hughes Co (BKR) has seen better performance in recent times. Analysts have a mixed 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.
