BHP Group Limited (NYSE:BHP) saw a downside of -1.56% to close Tuesday at $55.36 after subtracting -$0.88 on the day. The 5-day average trading volume is 3,353,740 shares of the company’s common stock. It has gained $57.06 in the past week and touched a new high 2 times within the past 5 days. An average of 2,487,320 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,552,852.
BHP’s 1-month performance is -9.97% or -$5.38 on its low of $54.88 reached on 08/22/23. The company’s shares have touched a 52-week low of $46.92 and high of $71.52, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, BHP has lost -10.78% or -$6.69 and has reached a new high 13 times. However, the current price is down -22.60% from the 52-week high price.
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Valuation Metrics
BHP stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.31 while the price-to-book (PB) in the most recent quarter is 3.29, with the price to cash flow ratio at 7.17.
BHP Group Limited’s quick ratio for the recent period was 1.30, with the current ratio over the same period at 1.70. The trailing 12-month EBITDA margin is 65.21%. The firm’s gross profit as reported stood at $54.6 billion against revenue of $65.1 billion.
Earnings Surprise
Net income grew 63.42% to $30.9 billion, while revenue of $0.0 was 100.0% off the previous quarter. BHP stock balance sheet for the recent quarter shows that total liabilities totaled 41.27 billion, with total debt at $16.93 billion.
Let’s look briefly at BHP Group Limited (BHP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 26.93% to suggest the stock is trending oversold, with historical volatility in this time period at 16.21%.
The stock’s 5-day moving average is $55.85, reflecting a -2.29% or -$1.30 change from its current price. BHP is currently trading -13.76% above its 20-day SMA, -8.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.21% and SMA200 by+15.17%.
Stochastic %K and %D was 9.92% and 8.64% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 32.76%, while the 14-day stochastic is at 8.24% with the period’s ATR at 1.21. The stock’s 9-day MACD Oscillator is pointing at -1.09 and -2.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for BHP Group Limited (NYSE: BHP), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock.
