Baker Hughes Company (NASDAQ:BKR) saw a downside of -0.60% to close Monday at $35.05 after subtracting -$0.21 on the day. The 5-day average trading volume is 4,571,260 shares of the company’s common stock. It has gained $35.62 in the past week and touched a new high 3 times within the past 5 days. An average of 5,597,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,071,088.
BKR’s 1-month performance is -1.07% or -$0.38 on its low of $34.45 reached on 07/27/23. The company’s shares have touched a 52-week low of $20.42 and high of $36.48, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, BKR has achieved 18.69% or $5.52 and has reached a new high 21 times. However, the current price is down -3.92% from the 52-week high price.
Insider Transactions
BKR stock investors last saw insider trading activity on Aug 08.Simonelli Lorenzo (Chairman, President and CEO) most recently sold 122,500 shares at $34.80 per share on Aug 08. This transaction cost the insider $4,263,000. Chairman, President and CEO, Simonelli Lorenzo, sold 122,500 shares at a price of $35.49 on Aug 01. Then, on Aug 01, EVP, Oilfield Services & Equip BORRAS MARIA C sold 10,000 shares at a price of $35.49 per share. This transaction amounted to $354,900.
Valuation Metrics
BKR stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price-to-book (PB) in the most recent quarter is 2.34, with the price to cash flow ratio at 20.19.
Baker Hughes Company’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.39, while the total debt to equity was 0.44. In terms of profitability, the gross margin trailing 12 months is 21.30%. The trailing 12-month EBITDA margin is 13.78% while for the period ending June 29, Baker Hughes Company’s operating margin was 8.00%. The firm’s gross profit as reported stood at $4.4 billion against revenue of $21.16 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 304.63% to $410.0 million, while revenue of $576.0 million was -40.49% off the previous quarter. Analysts expected BKR to announce $0.33 per share in earnings in its latest quarter, but it posted $0.39, representing a 18.20% surprise. EBITDA for the quarter stood at more than $790.0 million. BKR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 20.83 billion, with total debt at $6.71 billion. Shareholders hold equity totaling $1.01 billion.
Let’s look briefly at Baker Hughes Company (BKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 47.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.51%.
The stock’s 5-day moving average is $35.05, reflecting a -0.79% or -$0.28 change from its current price. BKR is currently trading -2.20% above its 20-day SMA, +27.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.71% and SMA200 by+22.98%.
Stochastic %K and %D was 25.05% and 22.26% and the average true range (ATR) pointed at 0.73. The RSI (14) points at 53.30%, while the 14-day stochastic is at 26.67% with the period’s ATR at 0.75. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.33 on the 14-day charts.
