GE HealthCare Technologies Inc (NASDAQ: GEHC) kicked off on Monday, up 1.17% from the previous trading day, before settling in for the closing price of $81.76. Over the past 52 weeks, GEHC has traded in a range of $66.39-$94.55.
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A company in the Healthcare sector has jumped its sales by 4.14% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 9.24%. With a float of $442.47 million, this company’s outstanding shares have now reached $455.34 million.
In an organization with 51000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 41.3%, operating margin of 13.14%, and the pretax margin is 12.05%.
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 3.15%, while institutional ownership is 80.94%. The most recent insider transaction that took place on Nov 06 ’24, was worth 309,339. In this transaction CEO, Imaging of this company sold 3,577 shares at a rate of $86.48, taking the stock ownership to the 24,298 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Officer proposed sale 3,577 for $86.48, making the entire transaction worth $309,330.
GE HealthCare Technologies Inc (GEHC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 9.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.24% 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 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 21.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.65, a number that is poised to hit 1.26 in the next quarter and is forecasted to reach 4.69 in one year’s time.
Technical Analysis of GE HealthCare Technologies Inc (GEHC)
Let’s dig in a bit further. During the last 5-days, its volume was 3.34 million. That was better than the volume of 3.05 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.66%. Additionally, its Average True Range was 2.07.
During the past 100 days, GE HealthCare Technologies Inc’s (GEHC) raw stochastic average was set at 37.31%, which indicates a significant increase from 13.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.88% in the past 14 days, which was higher than the 21.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $88.65, while its 200-day Moving Average is $84.77. However, in the short run, GE HealthCare Technologies Inc’s stock first resistance to watch stands at $83.51. Second resistance stands at $84.30. The third major resistance level sits at $85.11. If the price goes on to break the first support level at $81.91, it is likely to go to the next support level at $81.10. The third support level lies at $80.31 if the price breaches the second support level.
GE HealthCare Technologies Inc (NASDAQ: GEHC) Key Stats
The company with the Market Capitalisation of 37.26 billion has total of 456,873K 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 4,863 M and last quarter income was 470,000 K.
