The stock of The Goldman Sachs Group Inc. (NYSE:GS) decreased by -$1.43 on Tuesday to finish at $341.89, down -0.42 percent. The last five days have seen an average of 2,213,680 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$1.49. The average number of shares traded over the last 20 days was 1,716,550, while the average volume over the last 50 days totaled 2,089,578.
GS stock appreciated 5.22% since last month. On 08/23/23, the company’s shares reached a one-month low of $318.00. The stock touched a high of $389.58 on 02/09/23, after rallying from a low of $287.75 in 52 weeks. The price of GS stock has declined by -0.43% or -$1.49 this year, reaching a new high 11 times. Still, the stock price is down -12.24% from the 52-week high.
Insider Transactions
GS stock investors should be aware that The Goldman Sachs Group Inc. (GS) stock had its last reported insider trading activity 50 days ago on Aug 01. On Aug 01, Chairman of the Board and CEO SOLOMON DAVID M sold 4,200 shares at $356.28 each. This transaction resulted in the insider making $1,496,376. On Jul 20, SOLOMON DAVID M sold 10,000 shares at a price of US$345.71. After the transaction, the insider now owns 128,982 shares. 10% Owner GOLDMAN SACHS GROUP INC had earlier sold 1,145,486 shares on Jun 30 for $11.73 a share. The transaction was completed for $13,436,551.
Valuation Metrics
The Goldman Sachs Group Inc. (GS) has a trailing price-to-earnings (P/E) ratio of 14.59. Beta for the stock is 1.39. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.25, the price-to-book (PB) ratio of 1.11, and the price-to-cash flow ratio of 5.36.
Company paid $2.75 per share in dividends, an increase of 10.0% from $2.50 last year. A $0.25 dividend increase was reported on Wednesday July 19 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.24, and the total debt to equity ratio is 9.30. As far as profitability goes, gross margin for the trailing twelve months is 44.20% percent. The Goldman Sachs Group Inc.’s operating margin stood at 12.10% for the same period. Based on annual data, it had gross profit of $13.49 billion and revenue of $47.37 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GS’s return on assets (ROA) during the last 12 months has been 0.50%. There was a 1.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.80%.
Earnings Surprise
According to The Goldman Sachs Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that The Goldman Sachs Group Inc.’s quarterly earnings would be $3.08, but it ended up being $3.18, beating the consensus by -3.10%. EBITDA was $3.33 billion for the quarter. At the end of The Goldman Sachs Group Inc.’s most recent quarter ended June 29, its total debt was $638.35 billion. Equity owned by shareholders amounts to $329.67 million.
Technical Picture
Here’s a quick look at The Goldman Sachs Group Inc.’s (GS) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 66.27%, suggesting the stock is Neutral, with a 16.32% historical volatility rate.
The stochastic %K and %D were 86.58% and 89.67% respectively, while the average true range (ATR) was 6.30. Based on the 14-day stochastic reading of 84.01%, the RSI (14) reading is 60.52%. On the 9-day MACD Oscillator, the stock is at 8.10, and the 14-day reading is at 11.23.
Analyst Ratings
In its analyst report released on September 07, 2023, HSBC Securities began covering The Goldman Sachs Group Inc. (NYSE: GS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned The Goldman Sachs Group Inc. (GS) an Overweight rating. GS is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 13 others recommend it as a buy.
What is GS’s price target for the next 12 months?
The current consensus forecast for the stock is between $305.00 and $461.00, with a median target price of $388.00. In analyzing these forecasts, the average price target given by analysts for The Goldman Sachs Group Inc. (GS) is $382.61.
