The stock price of Goldman Sachs BDC Inc (NYSE: GSBD) has plunged by -0.62 when compared to previous closing price of 12.84, but the company has seen a 0.87% gain in its stock price over the last five trading sessions. 247wallst.com reported 2024-12-26 that With the youngest baby boomers (Americans born between 1946 and 1964) approaching retirement age, it is becoming increasingly important to focus on magnificent dividend stocks that will supply significant passive income either in or out of designated retirement accounts like IRAs.
Is It Worth Investing in Goldman Sachs BDC Inc (NYSE: GSBD) Right Now?
Goldman Sachs BDC Inc (NYSE: GSBD) has a higher price-to-earnings ratio of 18.76x compared to its average ratio, The 36-month beta value for GSBD is at 1.10. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for GSBD is 117.15M, and currently, shorts hold a 1.09% of that float. The average trading volume for GSBD on December 27, 2024 was 831.80K shares.
GSBD’s Market Performance
GSBD stock saw a decrease of 0.87% in the past week, with a monthly decline of -3.19% and a quarterly a decrease of -11.02%. The volatility ratio for the week is 1.10%, and the volatility levels for the last 30 days are 1.29% for Goldman Sachs BDC Inc (GSBD). The simple moving average for the past 20 days is -0.97% for GSBD’s stock, with a -11.43% simple moving average for the past 200 days.
Analysts’ Opinion of GSBD
Many brokerage firms have already submitted their reports for GSBD stocks, with Wells Fargo repeating the rating for GSBD by listing it as a “Equal Weight.” The predicted price for GSBD in the upcoming period, according to Wells Fargo is $12 based on the research report published on August 12, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see GSBD reach a price target of $14, previously predicting the price at $15. The rating they have provided for GSBD stocks is “Underweight” according to the report published on May 29th, 2024.
BofA Securities gave a rating of “Neutral” to GSBD, setting the target price at $16.50 in the report published on September 19th of the previous year.
GSBD Trading at -2.31% from the 50-Day Moving Average
After a stumble in the market that brought GSBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.95% of loss for the given period.
Volatility was left at 1.29%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares sank -2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.90% lower at present.
During the last 5 trading sessions, GSBD rose by +0.87%, which changed the moving average for the period of 200-days by -17.78% in comparison to the 20-day moving average, which settled at $12.88. In addition, Goldman Sachs BDC Inc saw -12.90% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSBD starting from Lanza John, who sale 1,250 shares at the price of $12.85 back on Nov 22 ’24. After this action, Lanza John now owns 0 shares of Goldman Sachs BDC Inc, valued at $16,062 using the latest closing price.
Stock Fundamentals for GSBD
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.86 for the gross margin
The net margin for Goldman Sachs BDC Inc stands at 0.21. The total capital return value is set at 0.07.
When we switch over and look at the enterprise to sales, we see a ratio of 3.91. The receivables turnover for the company is 11.25for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, Goldman Sachs BDC Inc (GSBD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
