GE HealthCare Technologies Inc (NASDAQ: GEHC) kicked off on Monday, down -2.82% from the previous trading day, before settling in for the closing price of $88.42. Over the past 52 weeks, GEHC has traded in a range of $62.35-$94.55.
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Annual sales at Healthcare sector company grew by 4.14% over the past five years. While this was happening, its average annual earnings per share was recorded 8.25%. With a float of $442.22 million, this company’s outstanding shares have now reached $455.34 million.
Let’s look at the performance matrix of the company that is accounted for 51000 employees. In terms of profitability, gross margin is 40.92%, operating margin of 12.86%, and the pretax margin is 11.96%.
GE HealthCare Technologies Inc (GEHC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of GE HealthCare Technologies Inc is 3.16%, while institutional ownership is 76.06%. The most recent insider transaction that took place on Aug 14 ’24, was worth 1,581,846. In this transaction Ch. Supply Chain & Serv. Ofc. of this company sold 19,008 shares at a rate of $83.22, taking the stock ownership to the 38,541 shares. Before that another transaction happened on Aug 14 ’24, when Company’s Officer proposed sale 19,008 for $82.74, making the entire transaction worth $1,572,774.
GE HealthCare Technologies Inc (GEHC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 8.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.83% during the next five years compared to -2.54% drop over the previous five years of trading.
GE HealthCare Technologies Inc (NASDAQ: GEHC) Trading Performance Indicators
Take a look at GE HealthCare Technologies Inc’s (GEHC) current performance indicators. Last quarter, stock had a quick ratio of 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.01. Likewise, its price to free cash flow for the trailing twelve months is 24.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.45, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 4.74 in one year’s time.
Technical Analysis of GE HealthCare Technologies Inc (GEHC)
GE HealthCare Technologies Inc (NASDAQ: GEHC) saw its 5-day average volume 2.38 million, a negative change from its year-to-date volume of 3.0 million. As of the previous 9 days, the stock’s Stochastic %D was 20.24%. Additionally, its Average True Range was 1.79.
During the past 100 days, GE HealthCare Technologies Inc’s (GEHC) raw stochastic average was set at 56.99%, which indicates a significant increase from 14.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.28% in the past 14 days, which was lower than the 21.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $88.45, while its 200-day Moving Average is $83.89. Nevertheless, the first resistance level for the watch stands at $86.96 in the near term. At $88.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $89.03. If the price goes on to break the first support level at $84.90, it is likely to go to the next support level at $83.87. The third support level lies at $82.83 if the price breaches the second support level.
GE HealthCare Technologies Inc (NASDAQ: GEHC) Key Stats
The company with the Market Capitalisation of 39.24 billion has total of 456,465K Shares Outstanding. Its annual sales at the moment are 19,552 M in contrast with the sum of 1,568 M annual income. Company’s last quarter sales were recorded 4,839 M and last quarter income was 428,000 K.
