Baker Hughes Co (BKR) is -3.10% away from 50-day simple Moving Average despite all headwinds

Baker Hughes Co (NASDAQ: BKR) kicked off on Monday, up 1.74% from the previous trading daybefore settling in for the closing price of $33.40. Over the past 52 weeks, BKR has traded in a range of $28.32-$39.05.

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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%. While this was happening, its average annual earnings per share was recorded 41.33%. 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 and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Equipment & Services Industry. 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) Latest Financial update

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.42 earnings per share (EPS), higher than consensus estimate (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

Take a look at Baker Hughes Co’s (BKR) current performance indicators. Last quarter, stock had a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.25. Likewise, its price to free cash flow for the trailing twelve months is 20.94.

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 8.86 million was superior to 7.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.62%. Additionally, its Average True Range was 0.81.

During the past 100 days, Baker Hughes Co’s (BKR) raw stochastic average was set at 37.56%, which indicates a significant decrease from 49.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.27% in the past 14 days, which was lower than the 27.42% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $35.06, while its 200-day Moving Average is $32.87. Now, the first resistance to watch is $34.15. This is followed by the second major resistance level at $34.32. The third major resistance level sits at $34.57. If the price goes on to break the first support level at $33.73, it is likely to go to the next support level at $33.48. The third support level lies at $33.31 if the price breaches the second support level.

Baker Hughes Co (NASDAQ: BKR) Key Stats

The company with the Market Capitalisation of 33.76 billion has total of 997,998K Shares Outstanding. Its annual sales at the moment are 25,506 M in contrast with the sum of 1,943 M annual income. Company’s last quarter sales were recorded 7,139 M and last quarter income was 579,000 K.