As of Friday close, Baker Hughes Company’s (NASDAQ:BKR) stock was down -$0.13, moving down -0.36 percent to $35.52. The average number of shares traded per day over the past five days has been 5,613,700 shares. 3 times new highs have been achieved over the past 5 days, with a $0.10 gain in that time frame. In the last twenty days, the average volume was 8,408,605, while in the previous 50 days, it was 7,584,238.
Since last month, BKR stock rose 12.41%. Shares of the company fell to $31.02 on 07/06/23, the lowest level in the past month. A 52-week high of $36.17 was reached on 08/03/23 after having rallying from a 52-week low of $20.42. Since the beginning of this year, BKR’s stock price has risen by 20.28% or $5.99, and marked a new high 20 times. However, the stock has declined by -1.80% since its 52-week high.
BKR stock investors should be aware that Baker Hughes Company (BKR) stock had its last reported insider trading activity 4 days ago on Aug 01. Simonelli Lorenzo, the Chairman, President and CEO of the company, disposed of 122,500 shares for $35.49 on Aug 01. It resulted in a $4,347,525 divestment by the insider. BORRAS MARIA C sold 10,000 shares at an average price of $35.49 on Aug 01. The insider now owns 73,997 shares following the transaction. On Jul 24, Chief Legal Officer Jones Regina sold 10,000 shares at $35.60 apiece. The transaction was valued at $356,000.
Valuation Metrics
Right now, Baker Hughes Company (BKR) has a P/E ratio of about 31.30. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 1.51, the price-to-book (PB) ratio of 2.37, and the price-to-cash flow ratio of 35.92 may also be considered.
The latest dividend of $0.20 per share was paid out, which is 5.26% more than last year’s $0.19. On Thursday July 27 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Baker Hughes Company’s quick ratio stood at 0.90, while its current ratio was 1.30, 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 quarter ending June 29 was 0.39, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 21.30% percent. In the year ended June 29, EBITDA margin amounted to 13.78%, whereas operating margins totaled 8.00%. Based on annual data, BKR earned $4.4 billion in gross profit and brought in $21.16 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 0.60%. Return on equity (ROE) for the past 12 months was 7.90%.
In Baker Hughes Company’s quarter-end financial report for June 29, it reported total debt of $5.85 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BKR’s revenue rose 20.08% to $5.72 billion during the quarter, while net income inched up to $6.32 billion. While analysts expected Baker Hughes Company to report $0.33 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 18.20%. During the quarter, the company generated $790.0 million in EBITDA. The liabilities of Baker Hughes Company were 20.83 billion at the end of its most recent quarter ended June 29, and its total debt was $6.71 billion. The value of shareholders’ equity is $1.01 billion.
Technical Picture
This quick technical analysis looks at Baker Hughes Company’s (BKR) price momentum. With a historical volatility rate of 18.92%, the RSI 9-day stood at 60.98% on 04 August.
With respect to its five-day moving average, the current Baker Hughes Company price is up by +0.28% percent or $0.10. At present, BKR shares trade +7.28% above its 20-day simple moving average and +26.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.07% above its SMA50 and +48.43% above its SMA200.
Stochastic coefficient K was 69.88% and Stochastic coefficient D was 74.30%, while ATR was 0.75. Given the Stochastic reading of 65.24% for the 14-day period, the RSI (14) reading has been calculated as 64.50%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.16.
Analyst Ratings
Baker Hughes Company (BKR) has been rated Overweight by analysts. According to 0 brokerage firms, BKR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Baker Hughes Company stock as buy, with 19 recommending it as overweight.
With a median target price of $40.00, the current consensus forecast for the stock is $30.00 – $44.00. Based on these forecasts, analysts predict Baker Hughes Company (BKR) will achieve an average price target of $39.68.
