A new trading day began on Tuesday, with Baker Hughes Co (NASDAQ: BKR) stock price down -1.29% from the previous day of trading, before settling in for the closing price of $36.45. BKR’s price has ranged from $28.32 to $39.05 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 2.77%. Meanwhile, its annual earnings per share averaged 41.05%. With a float of $992.33 million, this company’s outstanding shares have now reached $997.71 million.
Considering the fact that the conglomerate employs 58000 people, you should pay attention to its efficiency factor. 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Baker Hughes Co is 0.11%, while institutional ownership is 94.04%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.51 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 37.50% 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
Here are Baker Hughes Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31. Likewise, its price to free cash flow for the trailing twelve months is 19.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.24, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 2.67 in one year’s time.
Technical Analysis of Baker Hughes Co (BKR)
Compared to the last year’s volume of 7.21 million, its volume of 5.02 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.22%. Additionally, its Average True Range was 0.82.
During the past 100 days, Baker Hughes Co’s (BKR) raw stochastic average was set at 62.19%, which indicates a significant increase from 2.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.14% in the past 14 days, which was lower than the 29.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.56, while its 200-day Moving Average is $33.28. Nevertheless, the first resistance level for the watch stands at $36.45 in the near term. At $36.91, the stock is likely to face the second major resistance level. The third major resistance level sits at $37.18. If the price goes on to break the first support level at $35.72, it is likely to go to the next support level at $35.45. Should the price break the second support level, the third support level stands at $34.99.
Baker Hughes Co (NASDAQ: BKR) Key Stats
With a market capitalization of 35.74 billion, the company has a total of 997,998K Shares Outstanding. Currently, annual sales are 25,506 M while annual income is 1,943 M. The company’s previous quarter sales were 7,139 M while its latest quarter income was 579,000 K.
