As of Friday close, The Goldman Sachs Group Inc.’s (NYSE:GS) stock was down -$11.55, moving down -3.67 percent to $303.54. The average number of shares traded per day over the past five days has been 5,362,900 shares. 2 times new highs have been achieved over the past 5 days, with a -$24.13 fall in that time frame. In the last twenty days, the average volume was 3,339,250, while in the previous 50 days, it was 3,218,618.
Since last month, GS stock retreated -18.91%. Shares of the company fell to $301.87 on 03/17/23, the lowest level in the past month. A 52-week high of $389.58 was reached on 02/09/23 after having rallying from a 52-week low of $277.84. Since the beginning of this year, GS’s stock price has dropped by -11.60% or -$39.84, and marked a new high 11 times. However, the stock has declined by -22.08% since its 52-week high.
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GS stock investors should be aware that The Goldman Sachs Group Inc. (GS) stock had its last reported insider trading activity 4 days ago on Mar 14. GOLDMAN SACHS GROUP INC, the 10% Owner of the company, disposed of 4,000,000 shares for $6.43 on Mar 14. It resulted in a $25,717,600 divestment by the insider. GOLDMAN SACHS GROUP INC sold 3,749 shares at an average price of $10.58 on Mar 06. The insider now owns 0 shares following the transaction. On Jan 23, 10% Owner GOLDMAN SACHS GROUP INC bought 1,481 shares at $8.51 apiece. The transaction was valued at $12,608.
Valuation Metrics
Right now, The Goldman Sachs Group Inc. (GS) has a P/E ratio of about 10.10. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 1.00, and the price-to-cash flow ratio of 59.88 may also be considered.
The latest dividend of $2.50 per share was paid out, remained unchanged from last year’s $2.50. On Monday July 18 2022, a $0.50 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 2.39, and the total debt-to-equity ratio was 7.98. On the profitability front, the trailing twelve-month gross margin is 61.20% percent. In the year ended December 30, operating margins totaled 19.60%. Based on annual data, GS earned $13.49 billion in gross profit and brought in $47.37 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.20%. Return on equity (ROE) for the past 12 months was 10.10%.
In The Goldman Sachs Group Inc.’s quarter-end financial report for December 30, it reported total debt of $247.14 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected The Goldman Sachs Group Inc. to report $5.48 quarterly earnings, the actual figure was $3.32 per share, beating the consensus estimate by -39.40%.
Technical Picture
This quick technical analysis looks at The Goldman Sachs Group Inc.’s (GS) price momentum. With a historical volatility rate of 33.34%, the RSI 9-day stood at 22.34% on 17 March.
With respect to its five-day moving average, the current The Goldman Sachs Group Inc. price is down by -7.36% percent or -$24.13. At present, GS shares trade -18.01% below its 20-day simple moving average and -6.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.70% below its SMA50 and -7.13% below its SMA200.
Stochastic coefficient K was 10.21% and Stochastic coefficient D was 11.05%, while ATR was 11.21. Given the Stochastic reading of 2.60% for the 14-day period, the RSI (14) reading has been calculated as 26.12%. As of today, the MACD Oscillator reading stands at -15.68, while the 14-day reading stands at -25.06.
Analyst Ratings
Wells Fargo reiterated its an Overweight rating on The Goldman Sachs Group Inc. (NYSE: GS) in a note to investors. The analysts firm has however raised their price target to $420, representing a possible 22.17% increase in the stock price. The Goldman Sachs Group Inc. (GS) has been rated Overweight by analysts. According to 0 brokerage firms, GS is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate The Goldman Sachs Group Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $410.00, the current consensus forecast for the stock is $330.00 – $495.00. Based on these forecasts, analysts predict The Goldman Sachs Group Inc. (GS) will achieve an average price target of $400.71.