How Does Wall Street Rate Shares Of The Goldman Sachs Group Inc. (GS)?

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The Goldman Sachs Group Inc. (NYSE:GS) saw an upside of 2.14% to close Monday at $349.14 after adding $7.3 on the day. The 5-day average trading volume is 7,859,320 shares of the company’s common stock. It has gained $366.79 in the past week and touched a new high 1 time within the past 5 days. An average of 3,272,550 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,755,114.

GS’s 1-month performance is 1.35% or $3.63 on its low of $336.16 reached on 01/23/23. The company’s shares have touched a 52-week low of $277.84 and high of $389.58, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, GS has achieved 1.68% or $5.76 and has reached a new high 7 times. However, the current price is down -10.38% from the 52-week high price.

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Insider Transactions

GS stock investors last saw insider trading activity on Dec 13.GOLDMAN SACHS GROUP INC (Director) most recently sold 166,095 shares at $23.02 per share on Dec 13. This transaction cost the insider $3,823,507. Director, GOLDMAN SACHS GROUP INC, sold 147,816 shares at a price of $22.20 on Dec 12. Then, on Dec 09, Director GOLDMAN SACHS GROUP INC sold 65,918 shares at a price of $21.21 per share. This transaction amounted to $1,398,121.

Valuation Metrics

GS stock has a beta of 1.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.77 while the price-to-book (PB) in the most recent quarter is 1.13.

As well, the company’s long term debt to equity for the quarter ending December 30 was 2.28, while the total debt to equity was 8.34. In terms of profitability, the gross margin trailing 12 months is 61.20%. The firm’s gross profit as reported stood at $27.04 billion against revenue of $59.34 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GS to announce $5.48 per share in earnings in its latest quarter, but it posted $3.32, representing a -39.40% surprise. EBITDA for the quarter stood at more than $4.42 billion. Shareholders hold equity totaling $338.63 million.

Let’s look briefly at The Goldman Sachs Group Inc. (GS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 46.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.43%.

The stock’s 5-day moving average is $348.15, reflecting a -6.65% or -$24.86 change from its current price. GS is currently trading -0.29% above its 20-day SMA, +4.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.09% and SMA200 by+7.77%.

Stochastic %K and %D was 25.50% and 26.41% and the average true range (ATR) pointed at 10.32. The RSI (14) points at 46.78%, while the 14-day stochastic is at 33.99% with the period’s ATR at 9.46. The stock’s 9-day MACD Oscillator is pointing at -9.04 and -5.99 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Goldman Sachs Group Inc. (NYSE: GS), Odeon upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for GS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GS as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.

What is GS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $300.00 and a high of $495.00, with their median price target at $393.00. Looking at these predictions, the average price target given by analysts is for The Goldman Sachs Group Inc. (GS) stock is $392.46.

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