Baker Hughes Company (BKR) Shares: Are They Risky Or Cheap?

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Baker Hughes Company (NASDAQ:BKR) finished Thursday with a subtraction of -$0.05 to close at $22.97, a downside of -0.22 percent. An average of 14,661,960 shares of common stock have been traded in the last five days. There was a fall of -$1.36 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 10,801,210 shares traded, while the 50-day average volume stands at 10,180,336.

BKR stock has decreased by -11.99% in the last month. The company shares reached their 1-month lowest point of $22.73 on 09/20/22. With the stock rallying to its 52-week high on 03/24/22, shares of the company touched a low of $22.30 and a high of $39.78 in 52 weeks. It has reached a new high 21 times so far this year and lost -4.53% or -$1.09 in price. In spite of this, the price is down -42.26% from the 52-week high.


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Insider Transactions

115 days have passed since Baker Hughes Company (BKR) last reported insider trading activity. Simonelli Lorenzo, who is Chairman, President and CEO, most recently acquired $103,000 shares at $37.39 per share on May 31. In this transaction, the insider spent $3,851,170. Chairman, President and CEO, Simonelli Lorenzo, disposed of 103,000 shares at a price of $35.00 on May 23. The insider now owns more than $3,605,000 worth of shares. Prior to that, 10% Owner GENERAL ELECTRIC CO went on to Sale 72,025,826 shares at $34.45 each on May 06. An amount of $2,481,289,706 was transacted.

Valuation Metrics

Baker Hughes Company (BKR) stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.17, the price-to-book (PB) ratio at 1.54.

Financial Health

The quick ratio of Baker Hughes Company for the three months ended June 29 was 1.10, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.45 for the quarter ending June 29. Its gross profit as reported stood at $4.05 billion compared to revenue of $20.5 billion.

Earnings Surprise

For the three-month period that ended June 29, Baker Hughes Company had $6.62 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$839.0 million in the quarter, while revenues were grew 91.9%. The analyst consensus anticipated Baker Hughes Company’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.11, a -50.00% surprise. For the quarter, EBITDA amounted to $249.0 million. Shareholders own equity worth $1.02 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Baker Hughes Company (BKR) price momentum. RSI 9-day as of the close on 22 September was 35.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.29%.

As of today, BKR’s price is $23.39 -5.59% or -$1.36 from its 5-day moving average. BKR is currently trading -13.22% lower than its 20-day SMA and -25.95% lower than its 100-day SMA. However, the stock’s current price level is -14.16% below the SMA50 and -5.94% below the SMA200.

The stochastic %K and %D were 7.95% and 15.03%, respectively, and the average true range (ATR) was 1.05. With the 14-day stochastic at 7.15% and the average true range at 1.06, the RSI (14) stands at 38.34%. The stock has reached -1.08 on the 9-day MACD Oscillator while the 14-day reading was at -1.31.

Analyst Ratings

HSBC Securities upgraded Baker Hughes Company (NASDAQ: BKR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

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