On Friday, Baker Hughes Co (NASDAQ: BKR) opened higher 5.82% from the last session, before settling in for the closing price of $35.58. Price fluctuations for BKR have ranged from $28.32 to $37.58 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Energy sector has jumped its sales by 2.77% annually for the last half of the decade. Company’s average yearly earnings per share was noted 33.70% at the time writing. With a float of $996.63 million, this company’s outstanding shares have now reached $997.71 million.
In an organization with 58000 employees, it is important to assess its efficiency.
Baker Hughes Co (BKR) Insider and Institutional Ownership
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 92.51%. The most recent insider transaction that took place on May 24 ’24, was worth 1,791,360. In this transaction EVP, Oilfield Services & Equip of this company sold 55,980 shares at a rate of $32.00, taking the stock ownership to the 92,035 shares. Before that another transaction happened on Apr 05 ’24, when Company’s SVP, Enterprise Op Excellence sold 5,000 for $33.88, making the entire transaction worth $169,400. This insider now owns 14,998 shares in total.
Baker Hughes Co (BKR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 33.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.60% during the next five years compared to 33.59% growth 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 0.86. 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 23.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 2.62 in one year’s time.
Technical Analysis of Baker Hughes Co (BKR)
Let’s dig in a bit further. During the last 5-days, its volume was 6.0 million. That was inferior than the volume of 7.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.94%. Additionally, its Average True Range was 0.90.
During the past 100 days, Baker Hughes Co’s (BKR) raw stochastic average was set at 98.47%, which indicates a significant increase from 97.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.43% in the past 14 days, which was higher than the 24.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.65, while its 200-day Moving Average is $32.80. However, in the short run, Baker Hughes Co’s stock first resistance to watch stands at $38.19. Second resistance stands at $38.74. The third major resistance level sits at $39.69. If the price goes on to break the first support level at $36.69, it is likely to go to the next support level at $35.74. The third support level lies at $35.19 if the price breaches the second support level.
Baker Hughes Co (NASDAQ: BKR) Key Stats
There are currently 997,998K shares outstanding in the company with a market cap of 37.57 billion. Presently, the company’s annual sales total 25,506 M according to its annual income of 1,943 M. Last quarter, the company’s sales amounted to 7,139 M and its income totaled 579,000 K.
