Goldman Sachs Group, Inc. (NYSE: GS) on Monday, soared 2.14% from the previous trading day, before settling in for the closing price of $512.60. Within the past 52 weeks, GS’s price has moved between $289.36 and $540.51.
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Annual sales at Financial sector company grew by 18.16% over the past five years. The company achieved an average annual earnings per share of 59.44%. With a float of $314.19 million, this company’s outstanding shares have now reached $323.38 million.
Let’s look at the performance matrix of the company that is accounted for 45300 employees. In terms of profitability, gross margin is 81.11%, operating margin of 22.58%, and the pretax margin is 22.06%.
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 0.51%, while institutional ownership is 74.60%. The most recent insider transaction that took place on Oct 17 ’24, was worth 1,061,958. In this transaction Chief Risk Officer of this company sold 2,000 shares at a rate of $530.98, taking the stock ownership to the 10,808 shares. Before that another transaction happened on Oct 17 ’24, when Company’s Chief Risk Officer sold 2,000 for $530.90, making the entire transaction worth $1,061,800. This insider now owns 10,095 shares in total.
Goldman Sachs Group, Inc. (GS) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 5.48 earnings per share (EPS) for the period topping the consensus outlook (set at 3.51) by 1.97. Wall Street market experts anticipate that the next fiscal year will bring earnings of 11.77 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.89% 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 1.33. Likewise, its price to free cash flow for the trailing twelve months is 4.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 34.07, a number that is poised to hit 8.07 in the next quarter and is forecasted to reach 42.17 in one year’s time.
Technical Analysis of Goldman Sachs Group, Inc. (GS)
Goldman Sachs Group, Inc. (NYSE: GS) saw its 5-day average volume 1.65 million, a negative change from its year-to-date volume of 2.2 million. As of the previous 9 days, the stock’s Stochastic %D was 32.86%. Additionally, its Average True Range was 10.58.
During the past 100 days, Goldman Sachs Group, Inc.’s (GS) raw stochastic average was set at 83.59%, which indicates a significant increase from 62.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.78% in the past 14 days, which was lower than the 25.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $500.61, while its 200-day Moving Average is $448.86. Nevertheless, the first resistance level for the watch stands at $527.12 in the near term. At $530.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $536.74. If the price goes on to break the first support level at $517.51, it is likely to go to the next support level at $511.43. Assuming the price breaks the second support level, the third support level stands at $507.89.
Goldman Sachs Group, Inc. (NYSE: GS) Key Stats
Market capitalization of the company is 165.35 billion based on 322,464K outstanding shares. Right now, sales total 46,254 M and income totals 8,516 M. The company made 12,699 M in profit during its latest quarter, and 2,990 M in sales during its previous quarter.
