In the past week, BKR stock has gone up by 3.08%, with a monthly gain of 7.91% and a quarterly plunge of -2.47%. The volatility ratio for the week is 2.39%, and the volatility levels for the last 30 days are 2.10% for Baker Hughes Co The simple moving average for the last 20 days is 1.18% for BKR’s stock, with a simple moving average of 12.47% for the last 200 days.
Is It Worth Investing in Baker Hughes Co (NASDAQ: BKR) Right Now?
Baker Hughes Co (NASDAQ: BKR) has a higher price-to-earnings ratio of 16.80x compared to its average ratio, The 36-month beta value for BKR is at 1.37. Analysts have varying views on the stock, with 18 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 as “hold,” and 1 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 988.43M, and currently, shorts hold a 1.83% of that float. The average trading volume for BKR on October 28, 2024 was 6.53M shares.
BKR) stock’s latest price update
The stock of Baker Hughes Co (NASDAQ: BKR) has increased by 2.01 when compared to last closing price of 36.78.Despite this, the company has seen a gain of 3.08% in its stock price over the last five trading days. zacks.com reported 2024-10-24 that Strict capital discipline by upstream energy companies is acting as a dampener, making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. BKR, AROC and SND are expected to survive the industry challenges.
Analysts’ Opinion of BKR
Wells Fargo, on the other hand, stated in their research note that they expect to see BKR reach a price target of $42, previously predicting the price at $40. The rating they have provided for BKR stocks is “Overweight” according to the report published on September 25th, 2024.
TD Cowen gave a rating of “Buy” to BKR, setting the target price at $50 in the report published on July 29th of the current year.
BKR Trading at 5.12% 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 -3.92% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +3.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.96% upper at present.
During the last 5 trading sessions, BKR rose by +3.08%, which changed the moving average for the period of 200-days by +20.14% in comparison to the 20-day moving average, which settled at $37.08. In addition, Baker Hughes Co saw 9.77% 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 Buese Nancy, who proposed sale 10,000 shares at the price of $36.78 back on Oct 24 ’24. After this action, Buese Nancy now owns shares of Baker Hughes Co, valued at $367,800 using the latest closing price.
Simonelli Lorenzo, the Chairman, President and CEO of Baker Hughes Co, 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 502,053 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 0.08. The total capital return value is set at 0.12. Equity return is now at value 14.24, with 6.04 for asset returns.
Based on Baker Hughes Co (BKR), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 39.59.
Currently, EBITDA for the company is 4.28 billion with net debt to EBITDA at 0.84. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 3.09for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In conclusion, Baker Hughes Co (BKR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
