The stock of Baker Hughes Co (NASDAQ: BKR) has decreased by -0.60 when compared to last closing price of 38.08. Despite this, the company has experienced a 0.88% gain in its stock price over the last five trading sessions. youtube.com reported 2024-11-01 that Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC’s ‘Halftime Report’ to discuss why he’s buying the energy name.
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 16.95x compared to its average ratio. BKR has 36-month beta value of 1.36. Analysts have mixed views on the stock, with 16 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for BKR is 988.44M, and currently, short sellers hold a 1.83% ratio of that float. The average trading volume of BKR on November 04, 2024 was 6.34M shares.
BKR’s Market Performance
The stock of Baker Hughes Co (BKR) has seen a 0.88% increase in the past week, with a 0.80% rise in the past month, and a 9.68% gain in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 1.93% for BKR. The simple moving average for the past 20 days is 1.76% for BKR’s stock, with a 12.90% simple moving average for the past 200 days.
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 5.19% 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 -3.07% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.33% upper at present.
During the last 5 trading sessions, BKR rose by +0.88%, which changed the moving average for the period of 200-days by +22.61% in comparison to the 20-day moving average, which settled at $37.20. In addition, Baker Hughes Co saw 10.74% 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 5,000 shares at the price of $37.85 back on Oct 31 ’24. After this action, Buese Nancy now owns shares of Baker Hughes Co, valued at $189,228 using the latest closing price.
Buese Nancy, the EVP & Chief Financial Officer of Baker Hughes Co, sale 10,000 shares at $37.10 during a trade that took place back on Oct 24 ’24, which means that Buese Nancy is holding 41,817 shares at $371,010 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 0.27 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 0.37. The interest coverage ratio of the stock is 16.43.
Currently, EBITDA for the company is 4.28 billion with net debt to EBITDA at 0.76. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 3.95for 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
To put it simply, Baker Hughes Co (BKR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
