The Goldman Sachs Group Inc. (NYSE:GS) saw a downside of -1.02% to close Tuesday at $318.79 after subtracting -$3.27 on the day. The 5-day average trading volume is 2,399,960 shares of the company’s common stock. It has gained $333.99 in the past week and touched a new high 2 times within the past 5 days. An average of 1,865,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,406,436.
GS’s 1-month performance is -11.18% or -$33.17 on its low of $318.31 reached on 08/22/23. The company’s shares have touched a 52-week low of $287.75 and high of $389.58, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, GS has lost -7.16% or -$24.59 and has reached a new high 11 times. However, the current price is down -18.17% from the 52-week high price.
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Insider Transactions
GS stock investors last saw insider trading activity on Aug 01.SOLOMON DAVID M (Chairman of the Board and CEO) most recently sold 4,200 shares at $356.28 per share on Aug 01. This transaction cost the insider $1,496,376. Chairman of the Board and CEO, SOLOMON DAVID M, sold 10,000 shares at a price of $345.71 on Jul 20. Then, on Jun 30, 10% Owner GOLDMAN SACHS GROUP INC sold 1,145,486 shares at a price of $11.73 per share. This transaction amounted to $13,436,551.
Valuation Metrics
GS stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.17 while the price-to-book (PB) in the most recent quarter is 1.03, with the price to cash flow ratio at 5.01.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.24, while the total debt to equity was 9.30.. In terms of profitability, the gross margin trailing 12 months is 44.20%. The firm’s gross profit as reported stood at $13.49 billion against revenue of $47.37 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected GS to announce $3.18 per share in earnings in its latest quarter, but it posted $3.08, representing a -3.10% surprise. EBITDA for the quarter stood at more than $3.33 billion. Shareholders hold equity totaling $329.67 million.
Let’s look briefly at The Goldman Sachs Group Inc. (GS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 18.10% to suggest the stock is trending oversold, with historical volatility in this time period at 2.27%.
The stock’s 5-day moving average is $324.48, reflecting a -4.04% or -$13.42 change from its current price. GS is currently trading -10.12% above its 20-day SMA, -0.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.13% and SMA200 by-8.86%.
Stochastic %K and %D was 4.29% and 5.57% and the average true range (ATR) pointed at 6.41. The RSI (14) points at 29.40%, while the 14-day stochastic is at 1.19% with the period’s ATR at 6.61. The stock’s 9-day MACD Oscillator is pointing at -8.46 and -15.67 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Goldman Sachs Group Inc. (NYSE: GS), Atlantic Equities upgraded it to a Neutral rating. They previously had an Underweight rating on the stock.
What is GS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $305.00 and a high of $461.00, with their median price target at $388.00. Looking at these predictions, the average price target given by analysts is for The Goldman Sachs Group Inc. (GS) stock is $383.52.
