GE HealthCare Technologies Inc (GEHC) ticks all the boxes for top investors with its surprise performance of 6.79% last month.

A new trading day began on Friday, with GE HealthCare Technologies Inc (NASDAQ: GEHC) stock price up 81.34% from the previous day of trading, before settling in for the closing price of $88.54. GEHC’s price has ranged from $62.35 to $87.83 over the past 52 weeks.

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A company in the Healthcare sector has jumped its sales by 4.14% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 8.67%. With a float of $392.55 million, this company’s outstanding shares have now reached $455.34 million.

In an organization with Jan 12 2024 employees, it is important to assess its efficiency.

GE HealthCare Technologies Inc (GEHC) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of GE HealthCare Technologies Inc is 13.80%, while institutional ownership is 68.39%. The most recent insider transaction that took place on Jul 31, was worth 1,206,949. In this transaction CEO, PDx of this company sold 15,609 shares at a rate of $77.32, taking the stock ownership to the 24,025 shares. Before that another transaction happened on Jun 08, when Company’s CEO, Ultrasound sold 2,473 for $77.37, making the entire transaction worth $191,336. This insider now owns 22,335 shares in total.

GE HealthCare Technologies Inc (GEHC) Latest Financial update

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $1.18 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.67% per share during the next fiscal year.

GE HealthCare Technologies Inc (NASDAQ: GEHC) Trading Performance Indicators

Here are GE HealthCare Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.89. Likewise, its price to free cash flow for the trailing twelve months is 21.61.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.02, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 4.79 in one year’s time.

Technical Analysis of GE HealthCare Technologies Inc (GEHC)

Let’s dig in a bit further. During the last 5-days, its volume was 5.08 million. That was better than the volume of 3.05 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.12%. Additionally, its Average True Range was 2.16.

During the past 100 days, GE HealthCare Technologies Inc’s (GEHC) raw stochastic average was set at 91.47%, which indicates a significant increase from 85.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.53% in the past 14 days, which was higher than the 30.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $74.54, while its 200-day Moving Average is $73.69. However, in the short run, GE HealthCare Technologies Inc’s stock first resistance to watch stands at $82.52. Second resistance stands at $83.71. The third major resistance level sits at $84.66. If the price goes on to break the first support level at $80.38, it is likely to go to the next support level at $79.43. The third support level lies at $78.24 if the price breaches the second support level.

GE HealthCare Technologies Inc (NASDAQ: GEHC) Key Stats

With a market capitalization of 37.04 billion, the company has a total of 455,357K Shares Outstanding. Currently, annual sales are 18,341 M while annual income is 1,916 M. The company’s previous quarter sales were 4,822 M while its latest quarter income was 375,000 K.