Goldman Sachs Group, Inc. (NYSE: GS) on Tuesday, plunged -0.12% from the previous trading day, before settling in for the closing price of $507.87. Within the past 52 weeks, GS’s price has moved between $289.36 and $517.26.
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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 61.91%. With a float of $314.22 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. In terms of profitability, gross margin is 64.77%, operating margin of 28.3%, and the pretax margin is 28.28%.
Goldman Sachs Group, Inc. (GS) Insider Updates
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Goldman Sachs Group, Inc. is 0.50%, while institutional ownership is 75.92%. The most recent insider transaction that took place on Aug 15 ’24, was worth 3,001,740. In this transaction Chairman of the Board and CEO of this company sold 6,000 shares at a rate of $500.29, taking the stock ownership to the 124,433 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Managing Director proposed sale 6,000 for $498.70, making the entire transaction worth $2,992,200.
Goldman Sachs Group, Inc. (GS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 61.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.40% 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 1.32. Likewise, its price to free cash flow for the trailing twelve months is 4.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 31.14, a number that is poised to hit 8.68 in the next quarter and is forecasted to reach 41.81 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 1.14 million. That was inferior than the volume of 2.29 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.96%. Additionally, its Average True Range was 10.77.
During the past 100 days, Goldman Sachs Group, Inc.’s (GS) raw stochastic average was set at 92.32%, which indicates a significant increase from 82.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.63% in the past 14 days, which was lower than the 23.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $482.18, while its 200-day Moving Average is $418.57. However, in the short run, Goldman Sachs Group, Inc.’s stock first resistance to watch stands at $510.30. Second resistance stands at $513.33. The third major resistance level sits at $515.19. If the price goes on to break the first support level at $505.41, it is likely to go to the next support level at $503.55. Assuming the price breaks the second support level, the third support level stands at $500.52.
Goldman Sachs Group, Inc. (NYSE: GS) Key Stats
Market capitalization of the company is 160.19 billion based on 322,464K outstanding shares. Right now, sales total 46,254 M and income totals 8,516 M. The company made 12,731 M in profit during its latest quarter, and 3,043 M in sales during its previous quarter.
