As of Friday close, GE HealthCare Technologies Inc.’s (NASDAQ:GEHC) stock was down -$0.78, moving down -1.02 percent to $75.84. The average number of shares traded per day over the past five days has been 2,804,720 shares. 2 times new highs have been achieved over the past 5 days, with a $0.87 gain in that time frame. In the last twenty days, the average volume was 2,405,070, while in the previous 50 days, it was 3,075,474.
Since last month, GEHC stock rose 4.87%. Shares of the company fell to $70.84 on 02/22/23, the lowest level in the past month. Since the beginning of this year, GEHC’s stock price has risen by 29.91%. However, the stock has declined by -3.71% since its 52-week high.
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GEHC stock investors should be aware that GE HealthCare Technologies Inc. (GEHC) stock had its last reported insider trading activity 4 days ago on Mar 14. Makela Jan, the CEO, Imaging of the company, disposed of 70,629 shares for $77.69 on Mar 14. It resulted in a $5,487,379 divestment by the insider.
Right now, GE HealthCare Technologies Inc. (GEHC) has a P/E ratio of about 18.13. Besides these, the trailing price-to-sales (P/S) ratio of 1.91, the price-to-book (PB) ratio of 3.66, and the price-to-cash flow ratio of 19.45 may also be considered.
In the recent quarter, GE HealthCare Technologies Inc.’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.88, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 39.10% percent. In the recent year, operating margins totaled 13.80%. Based on annual data, GEHC earned $7.18 billion in gross profit and brought in $18.34 billion in revenue.
This quick technical analysis looks at GE HealthCare Technologies Inc.’s (GEHC) price momentum. With a historical volatility rate of 16.30%, the RSI 9-day stood at 53.15% on 17 March.
With respect to its five-day moving average, the current GE HealthCare Technologies Inc. price is up by +1.16% percent or $0.87. At present, GEHC shares trade +6.95% above its 20-day simple moving average. However, the stock is currently trading approximately +25.38% above its SMA50.
Stochastic coefficient K was 50.14% and Stochastic coefficient D was 61.29%, while ATR was 1.95. Given the Stochastic reading of 38.14% for the 14-day period, the RSI (14) reading has been calculated as 57.27%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.25.
Evercore ISI launched its rating on GE HealthCare Technologies Inc. (NASDAQ: GEHC) to an Outperform in a note to investors on March 13, 2023. GE HealthCare Technologies Inc. (GEHC) has been rated Buy by analysts. According to 0 brokerage firms, GEHC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate GE HealthCare Technologies Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $90.00, the current consensus forecast for the stock is $90.00 – $90.00. Based on these forecasts, analysts predict GE HealthCare Technologies Inc. (GEHC) will achieve an average price target of $90.00.