Baker Hughes Co (BKR) average volume reaches $6.90M: Is Wall Street expecting a rally?

On November 20, 2023, Baker Hughes Co (NASDAQ: BKR) opened at $33.80, higher 0.47% from the last session. During the day, the shares moved up to $34.0675 and dropped to $33.73 before settling in for the closing price of $33.71. Price fluctuations for BKR have ranged from $26.12 to $37.58 over the past 52 weeks.

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During the last 5-year period, the sales growth of Energy Sector giant was 5.29%. Company’s average yearly earnings per share was noted 75.71% at the time writing. With a float of $1.00 billion, this company’s outstanding shares have now reached $1.01 billion.

Let’s determine the extent of company efficiency that accounts for 55000 employees. In terms of profitability, gross margin is +23.26, operating margin of +8.76, and the pretax margin is +0.10.

Baker Hughes Co (BKR) Insider Activity

A key investor’s attitude towards the stock of the Oil & Gas Equipment & Services industry is another important factor to consider. The insider ownership of Baker Hughes Co is 0.14%, while institutional ownership is 92.58%. The most recent insider transaction that took place on Nov 01, was worth 344,900. In this transaction EVP, Oilfield Services & Equip of this company sold 10,000 shares at a rate of $34.49, taking the stock ownership to the 59,463 shares. Before that another transaction happened on Oct 02, when Company’s EVP, Oilfield Services & Equip sold 10,000 for $35.20, making the entire transaction worth $352,000. This insider now owns 59,463 shares in total.

Baker Hughes Co (BKR) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.42 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.4) by $0.02. This company achieved a net margin of -2.84 while generating a return on equity of -4.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 75.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 43.70% during the next five years compared to -20.47% drop over the previous five years of trading.

Baker Hughes Co (NASDAQ: BKR) Trading Performance Indicators

Check out the current performance indicators for Baker Hughes Co (BKR). In the past quarter, the stock posted a quick ratio of 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 18.02.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.66, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.06 in one year’s time.

Technical Analysis of Baker Hughes Co (BKR)

Looking closely at Baker Hughes Co (NASDAQ: BKR), its last 5-days average volume was 8.62 million, which is a jump from its year-to-date volume of 6.9 million. As of the previous 9 days, the stock’s Stochastic %D was 33.98%. Additionally, its Average True Range was 0.78.

During the past 100 days, Baker Hughes Co’s (BKR) raw stochastic average was set at 43.44%, which indicates a significant increase from 37.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.25% in the past 14 days, which was higher than the 22.46% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $34.97, while its 200-day Moving Average is $32.25. However, in the short run, Baker Hughes Co’s stock first resistance to watch stands at $34.05. Second resistance stands at $34.23. The third major resistance level sits at $34.39. If the price goes on to break the first support level at $33.71, it is likely to go to the next support level at $33.55. Should the price break the second support level, the third support level stands at $33.37.

Baker Hughes Co (NASDAQ: BKR) Key Stats

There are currently 1,006,234K shares outstanding in the company with a market cap of 34.08 billion. Presently, the company’s annual sales total 21,156 M according to its annual income of -601,000 K. Last quarter, the company’s sales amounted to 6,641 M and its income totaled 518,000 K.


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