As of Friday close, The Goldman Sachs Group Inc.’s (NYSE:GS) stock was down -$2.35, moving down -0.71 percent to $327.89. The average number of shares traded per day over the past five days has been 1,519,500 shares. 2 times new highs have been achieved over the past 5 days, with a -$14.65 fall in that time frame. In the last twenty days, the average volume was 1,724,335, while in the previous 50 days, it was 2,029,756.
Since last month, GS stock rose 1.72%. Shares of the company fell to $318.00 on 08/23/23, the lowest level in the past month. A 52-week high of $389.58 was reached on 02/09/23 after having rallying from a 52-week low of $287.75. Since the beginning of this year, GS’s stock price has dropped by -4.51% or -$15.49, and marked a new high 11 times. However, the stock has declined by -15.83% since its 52-week high.
GS stock investors should be aware that The Goldman Sachs Group Inc. (GS) stock had its last reported insider trading activity 53 days ago on Aug 01. SOLOMON DAVID M, the Chairman of the Board and CEO of the company, disposed of 4,200 shares for $356.28 on Aug 01. It resulted in a $1,496,376 divestment by the insider. SOLOMON DAVID M sold 10,000 shares at an average price of $345.71 on Jul 20. The insider now owns 128,982 shares following the transaction. On Jun 30, 10% Owner GOLDMAN SACHS GROUP INC sold 1,145,486 shares at $11.73 apiece. The transaction was valued at $13,436,551.
Valuation Metrics
Right now, The Goldman Sachs Group Inc. (GS) has a P/E ratio of about 13.99. The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 1.20, the price-to-book (PB) ratio of 1.06, and the price-to-cash flow ratio of 5.14 may also be considered.
The latest dividend of $2.75 per share was paid out, which is 10.0% more than last year’s $2.50. On Wednesday July 19 2023, a $0.25 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.24, and the total debt-to-equity ratio was 9.30. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. In the year ended June 29, operating margins totaled 12.10%. Based on annual data, GS earned $13.49 billion in gross profit and brought in $47.37 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 1.20%. Return on equity (ROE) for the past 12 months was 7.80%.
In The Goldman Sachs Group Inc.’s quarter-end financial report for June 29, it reported total debt of $230.81 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected The Goldman Sachs Group Inc. to report $3.18 quarterly earnings, the actual figure was $3.08 per share, beating the consensus estimate by -3.10%. During the quarter, the company generated $3.33 billion in EBITDA. The value of shareholders’ equity is $329.67 million.
Technical Picture
This quick technical analysis looks at The Goldman Sachs Group Inc.’s (GS) price momentum. With a historical volatility rate of 23.75%, the RSI 9-day stood at 40.94% on 22 September.
With respect to its five-day moving average, the current The Goldman Sachs Group Inc. price is down by -4.28% percent or -$14.65. At present, GS shares trade +2.48% above its 20-day simple moving average and -3.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.24% below its SMA50 and -11.75% below its SMA200.
Stochastic coefficient K was 45.77% and Stochastic coefficient D was 62.75%, while ATR was 6.26. Given the Stochastic reading of 31.93% for the 14-day period, the RSI (14) reading has been calculated as 44.50%. As of today, the MACD Oscillator reading stands at -5.39, while the 14-day reading stands at -0.54.
