GE HealthCare Technologies Inc. (GEHC): What the Financials Tell Us

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GE HealthCare Technologies Inc. (NASDAQ:GEHC) saw an upside of 0.30% to $69.73 after adding $0.21 on Tuesday. The 5-day average trading volume is 2,782,425 shares of the company’s common stock. It has gained $70.63 in the past week and touched a new high 5 times within the past 5 days. An average of 4,986,446 shares of the company has been traded in the last 20 days.

GEHC’s 1-month performance is 21.52% or $12.50 on its low of $53.50 reached on 01/04/23. The company’s shares have touched a 52-week low of $53.00 and high of $69.91. However, the current price is down -0.26% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.68 while the price to cash flow ratio at 40.03.

GE HealthCare Technologies Inc.’s quick ratio for the recent period was 0.80, with the current ratio over the same period at 1.10. In terms of profitability, the gross margin trailing 12 months is 39.50%. The firm’s gross profit as reported stood at $7.17 billion against revenue of $17.59 billion.

Earnings Surprise

GEHC stock balance sheet for the recent quarter shows that total liabilities totaled 9.19 billion, with total debt at $364.0 million. Shareholders hold equity totaling $1.09 billion.

Let’s look briefly at GE HealthCare Technologies Inc. (GEHC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 74.06% to suggest the stock is trending Overbought, with historical volatility in this time period at 50.33%.

The stock’s 5-day moving average is $66.46, reflecting a +10.53% or $6.67 change from its current price. GEHC is currently trading +21.53% above its 20-day SMA.

Stochastic %K and %D was 95.54% and 88.43% and the average true range (ATR) pointed at 3.16. The RSI (14) points at 68.80%, while the 14-day stochastic is at 96.32% with the period’s ATR at 3.35. The stock’s 9-day MACD Oscillator is pointing at 3.02 and 5.32 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for GE HealthCare Technologies Inc. (NASDAQ: GEHC), Redburn launched coverage with a Buy rating. Analysts offering their rating for GEHC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GEHC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

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