Goldman Sachs Group, Inc. (NYSE: GS) on Monday, soared 3.30% from the previous trading day, before settling in for the closing price of $404.00. Within the past 52 weeks, GS’s price has moved between $289.36 and $419.20.
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A company in the Financial sector has jumped its sales by 18.17% annually for the last half of the decade. The company achieved an average annual earnings per share of 59.73%. With a float of $322.78 million, this company’s outstanding shares have now reached $323.38 million.
In an organization with 45300 employees, it is important to assess its efficiency.
Goldman Sachs Group, Inc. (GS) Insider and Institutional Ownership
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Goldman Sachs Group, Inc. is 0.54%, while institutional ownership is 72.77%. The most recent insider transaction that took place on Feb 23 ’24, was worth 5,001,372. In this transaction Chief Financial Officer of this company sold 12,680 shares at a rate of $394.43, taking the stock ownership to the 29,417 shares. Before that another transaction happened on Feb 22 ’24, when Company’s Global Treasurer sold 11,650 for $390.64, making the entire transaction worth $4,550,948. This insider now owns 18,408 shares in total.
Goldman Sachs Group, Inc. (GS) Latest Financial update
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported $11.58 earnings per share (EPS) for the period topping the consensus outlook (set at $8.56) by $3.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 8.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.15% during the next five years compared to -1.98% drop over the previous five years of trading.
Goldman Sachs Group, Inc. (NYSE: GS) Trading Performance Indicators
Goldman Sachs Group, Inc. (GS) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16. Likewise, its price to free cash flow for the trailing twelve months is 0.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 25.61, a number that is poised to hit 8.73 in the next quarter and is forecasted to reach 40.52 in one year’s time.
Technical Analysis of Goldman Sachs Group, Inc. (GS)
Let’s dig in a bit further. During the last 5-days, its volume was 3.52 million. That was better than the volume of 2.4 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 74.63%. Additionally, its Average True Range was 9.13.
During the past 100 days, Goldman Sachs Group, Inc.’s (GS) raw stochastic average was set at 97.81%, which indicates a significant increase from 94.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.38% in the past 14 days, which was higher than the 21.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $396.42, while its 200-day Moving Average is $356.38. However, in the short run, Goldman Sachs Group, Inc.’s stock first resistance to watch stands at $422.03. Second resistance stands at $426.71. The third major resistance level sits at $435.44. If the price goes on to break the first support level at $408.62, it is likely to go to the next support level at $399.89. The third support level lies at $395.21 if the price breaches the second support level.
Goldman Sachs Group, Inc. (NYSE: GS) Key Stats
Market capitalization of the company is 135.44 billion based on 324,527K outstanding shares. Right now, sales total 46,254 M and income totals 8,516 M. The company made 11,318 M in profit during its latest quarter, and 2,008 M in sales during its previous quarter.
