The stock of Goldman Sachs Group, Inc. (GS) has seen a 1.39% increase in the past week, with a 6.98% gain in the past month, and a 4.85% flourish in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 1.82% for GS. The simple moving average for the last 20 days is 1.90% for GS’s stock, with a simple moving average of 16.45% for the last 200 days.
Is It Worth Investing in Goldman Sachs Group, Inc. (NYSE: GS) Right Now?
Goldman Sachs Group, Inc. (NYSE: GS) has a higher price-to-earnings ratio of 15.39x compared to its average ratio, The 36-month beta value for GS is at 1.35. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 15 as “hold,” and 2 as “sell.”
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The public float for GS is 314.18M, and currently, shorts hold a 1.52% of that float. The average trading volume for GS on October 31, 2024 was 1.96M shares.
GS) stock’s latest price update
Goldman Sachs Group, Inc. (NYSE: GS)’s stock price has soared by 0.02 in relation to previous closing price of 524.28. Nevertheless, the company has seen a gain of 1.39% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that Revival of the IB business on the back of clarity on the macroeconomic backdrop and solid trading performance will support the Zacks Investment Bank industry players like Morgan Stanley (MS), Goldman (GS) and Raymond James (RJF).
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 4.56% 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 -2.98% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares surge +6.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.44% upper at present.
During the last 5 trading sessions, GS rose by +1.39%, which changed the moving average for the period of 200-days by +37.84% in comparison to the 20-day moving average, which settled at $514.64. In addition, Goldman Sachs Group, Inc. saw 35.94% 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 LEE BRIAN J, who sale 2,000 shares at the price of $530.98 back on Oct 17 ’24. After this action, LEE BRIAN J now owns 10,808 shares of Goldman Sachs Group, Inc., valued at $1,061,958 using the latest closing price.
LEE BRIAN J, the Chief Risk Officer of Goldman Sachs Group, Inc., sale 2,000 shares at $530.90 during a trade that took place back on Oct 17 ’24, which means that LEE BRIAN J is holding 10,095 shares at $1,061,800 based on the most recent closing price.
Stock Fundamentals for GS
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.81 for the gross margin
The net margin for Goldman Sachs Group, Inc. stands at 0.17. The total capital return value is set at 0.02. Equity return is now at value 10.22, with 0.74 for asset returns.
Based on Goldman Sachs Group, Inc. (GS), the company’s capital structure generated 0.85 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 5.56. The interest coverage ratio of the stock is 0.3.
Currently, EBITDA for the company is 15.6 billion with net debt to EBITDA at 36.51. When we switch over and look at the enterprise to sales, we see a ratio of 12.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, Goldman Sachs Group, Inc. (GS) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
