The stock of Baker Hughes Co (BKR) has gone down by -4.34% for the week, with a -9.00% drop in the past month and a 10.62% rise in the past quarter. The volatility ratio for the week is 2.85%, and the volatility levels for the past 30 days are 2.46% for BKR. The simple moving average for the last 20 days is -4.63% for BKR stock, with a simple moving average of 12.93% for the last 200 days.
Is It Worth Investing in Baker Hughes Co (NASDAQ: BKR) Right Now?
The price-to-earnings ratio for Baker Hughes Co (NASDAQ: BKR) is 18.06x, which is above its average ratio. Moreover, the 36-month beta value for BKR is 1.39. Analysts have varying opinions on the stock, with 15 analysts rating it as a “buy,” 9 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BKR is 988.42M and currently, short sellers hold a 1.72% of that float. On December 23, 2024, BKR’s average trading volume was 6.45M shares.
BKR) stock’s latest price update
The stock price of Baker Hughes Co (NASDAQ: BKR) has surged by 1.31 when compared to previous closing price of 39.80, but the company has seen a -4.34% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-20 that BKR is experiencing robust growth in its new energy segment, underscoring its expanding footprint in energy transition technologies.
Analysts’ Opinion of BKR
Many brokerage firms have already submitted their reports for BKR stocks, with Piper Sandler repeating the rating for BKR by listing it as a “Overweight.” The predicted price for BKR in the upcoming period, according to Piper Sandler is $53 based on the research report published on December 19, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to BKR, setting the target price at $42 in the report published on September 25th of the current year.
BKR Trading at -1.01% 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 -10.74% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -10.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.21% upper at present.
During the last 5 trading sessions, BKR fell by -4.34%, which changed the moving average for the period of 200-days by +30.78% in comparison to the 20-day moving average, which settled at $42.28. In addition, Baker Hughes Co saw 17.96% 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 sale 10,000 shares at the price of $40.69 back on Nov 06 ’24. After this action, Buese Nancy now owns 26,817 shares of Baker Hughes Co, valued at $406,900 using the latest closing price.
Buese Nancy, the Officer of Baker Hughes Co, proposed sale 10,000 shares at $40.51 during a trade that took place back on Nov 06 ’24, which means that Buese Nancy is holding shares at $405,101 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 3.96 billion with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.58. 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 wrap up, the performance of Baker Hughes Co (BKR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
