As of Friday close, BHP Group Limited’s (NYSE:BHP) stock was up $1.08, moving up 1.94 percent to $56.75. The average number of shares traded per day over the past five days has been 2,166,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.70 fall in that time frame. In the last twenty days, the average volume was 2,449,665, while in the previous 50 days, it was 2,496,504.
Since last month, BHP stock retreated -0.40%. Shares of the company fell to $54.72 on 08/25/23, the lowest level in the past month. A 52-week high of $71.52 was reached on 01/26/23 after having rallying from a 52-week low of $46.92. Since the beginning of this year, BHP’s stock price has dropped by -8.54% or -$5.30, and marked a new high 13 times. However, the stock has declined by -20.65% since its 52-week high.
Valuation Metrics
Right now, BHP Group Limited (BHP) has a P/E ratio of about 11.14. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 2.59, the price-to-book (PB) ratio of 3.23, and the price-to-cash flow ratio of 12.01 may also be considered.
The latest dividend of $1.60 per share was paid out, which is -11.11% less than last year’s $1.80. On Tuesday August 22 2023, a $0.20 dividend decrease was announced.
Financial Health
In the recent quarter, BHP Group Limited’s quick ratio stood at 1.00, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.34, and the total debt-to-equity ratio was 0.50. In the recent year, EBITDA margin amounted to 65.21%, whereas operating margins totaled 42.60%. Based on annual data, BHP earned $42.63 billion in gross profit and brought in $53.82 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 23.70%. Return on equity (ROE) for the past 12 months was 28.30%.
BHP’s revenue fell -20.96% during the quarter, while net income inched up to $53.82 billion. The liabilities of BHP Group Limited were 52.77 billion at the end of its most recent quarter, and its total debt was $24.1 billion.
Technical Picture
This quick technical analysis looks at BHP Group Limited’s (BHP) price momentum. With a historical volatility rate of 29.21%, the RSI 9-day stood at 47.02% on 22 September.
With respect to its five-day moving average, the current BHP Group Limited price is down by -2.91% percent or -$1.70. At present, BHP shares trade +2.49% above its 20-day simple moving average and -3.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.95% below its SMA50 and -9.17% below its SMA200.
Stochastic coefficient K was 40.00% and Stochastic coefficient D was 51.89%, while ATR was 1.32. Given the Stochastic reading of 42.70% for the 14-day period, the RSI (14) reading has been calculated as 47.05%. As of today, the MACD Oscillator reading stands at -0.65, while the 14-day reading stands at -0.47.
Analyst Ratings
JP Morgan upgraded its rating on BHP Group Limited (NYSE: BHP) to an Overweight in a note to investors on July 14, 2023. The analysts firm previously had a Neutral rating on the stock.BHP Group Limited (BHP) has been rated Overweight by analysts. According to 1 brokerage firm, BHP is a sell, and 10 firms recommend it is a Hold. There are 3 analysts who say the stock is underweight. A total of 1 analyst rate BHP Group Limited stock as buy, with 9 recommending it as overweight.
With a median target price of $59.72, the current consensus forecast for the stock is $46.62 – $73.83. Based on these forecasts, analysts predict BHP Group Limited (BHP) will achieve an average price target of $59.72.
