On Monday, Baker Hughes Co (NASDAQ: BKR) opened lower -0.74% from the last session, before settling in for the closing price of $33.94. Price fluctuations for BKR have ranged from $28.32 to $39.05 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 2.77%. Company’s average yearly earnings per share was noted 41.33% at the time writing. With a float of $992.33 million, this company’s outstanding shares have now reached $997.71 million.
The extent of productivity of a business whose workforce counts for 58000 workers is very important to gauge. In terms of profitability, gross margin is 20.56%, operating margin of 10.62%, and the pretax margin is 10.16%.
Baker Hughes Co (BKR) Insider Updates
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 0.11%, while institutional ownership is 93.86%. The most recent insider transaction that took place on Aug 08 ’24, was worth 4,000,010. In this transaction Chairman, President and CEO of this company sold 114,286 shares at a rate of $35.00, taking the stock ownership to the 502,053 shares. Before that another transaction happened on Aug 08 ’24, when Company’s Officer proposed sale 114,286 for $35.00, making the entire transaction worth $4,000,010.
Baker Hughes Co (BKR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.42 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.4) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 36.55% 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 1.24. Likewise, its price to free cash flow for the trailing twelve months is 20.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.61 in the next quarter and is forecasted to reach 2.69 in one year’s time.
Technical Analysis of Baker Hughes Co (BKR)
The latest stats from [Baker Hughes Co, BKR] show that its last 5-days average volume of 6.05 million was inferior to 7.3 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 13.20%. Additionally, its Average True Range was 0.79.
During the past 100 days, Baker Hughes Co’s (BKR) raw stochastic average was set at 33.99%, which indicates a significant increase from 5.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.17% in the past 14 days, which was lower than the 27.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.20, while its 200-day Moving Average is $32.88. Now, the first resistance to watch is $34.06. This is followed by the second major resistance level at $34.42. The third major resistance level sits at $34.63. If the price goes on to break the first support level at $33.49, it is likely to go to the next support level at $33.28. Assuming the price breaks the second support level, the third support level stands at $32.92.
Baker Hughes Co (NASDAQ: BKR) Key Stats
There are currently 997,998K shares outstanding in the company with a market cap of 33.47 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.
