Wednesday, October 28, 2020

The Goldman Sachs Group Inc. [GS] moved down -0.44: Why It’s Important

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The Goldman Sachs Group Inc. [NYSE: GS] closed the trading session at $194.00 on 09/21/20. The day’s price range saw the stock hit a low of $187.47, while the highest price level was $194.17.

The stocks have a year to date performance of -15.63 percent and weekly performance of -3.65 percent. The stock has been moved at 43.74 percent over the last six months. The stock has performed -3.89 percent around the most recent 30 days and changed -4.63 percent over the most recent 3-months.

If compared to the average trading volume of 3.49M shares, GS reached to a volume of 4862894 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Goldman Sachs Group Inc. [GS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GS shares is $247.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for The Goldman Sachs Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 08, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $185 to $200. The new note on the price target was released on June 23, 2020, representing the official price target for The Goldman Sachs Group Inc. stock. Previously, the target price had yet another raise to $227, while Deutsche Bank analysts kept a Hold rating on GS stock. On June 02, 2020, analysts increased their price target for GS shares from 198 to 230.

The Average True Range (ATR) for The Goldman Sachs Group Inc. is set at 5.16, with the Price to Sales ratio for GS stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 385.44.

GS stock trade performance evaluation

The Goldman Sachs Group Inc. [GS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.65. With this latest performance, GS shares dropped by -3.89% in over the last four-week period, additionally plugging by 43.74% over the last 6 months – not to mention a drop of -9.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GS stock in for the last two-week period is set at 36.84, with the RSI for the last a single of trading hit 31.98, and the three-weeks RSI is set at 41.25 for The Goldman Sachs Group Inc. [GS]. The present Moving Average for the last 50 days of trading for this stock 205.00, while it was recorded at 196.47 for the last single week of trading, and 203.65 for the last 200 days.

The Goldman Sachs Group Inc. [GS]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Goldman Sachs Group Inc. [GS] shares currently have an operating margin of +20.95. The Goldman Sachs Group Inc.’s Net Margin is presently recorded at +15.00.

Return on Total Capital for GS is now 2.44, given the latest momentum, and Return on Invested Capital for the company is 2.66. Return on Equity for this stock inclined to 9.38, with Return on Assets sitting at 0.88. When it comes to the capital structure of this company, The Goldman Sachs Group Inc. [GS] has a Total Debt to Total Equity ratio set at 453.96. Additionally, GS Total Debt to Total Capital is recorded at 81.95, with Total Debt to Total Assets ending up at 41.27. Long-Term Debt to Equity for the company is recorded at 279.57, with the Long-Term Debt to Total Capital now at 44.20.

Reflecting on the efficiency of the workforce at the company, The Goldman Sachs Group Inc. [GS] managed to generate an average of $221,044 per employee.

Earnings per share (EPS) analysis for The Goldman Sachs Group Inc. [GS] stock

With the latest financial reports released by the company, The Goldman Sachs Group Inc. posted 4.79/share EPS, while the average EPS was predicted by analysts to be reported at 4.81/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Goldman Sachs Group Inc. go to 6.29%.

The Goldman Sachs Group Inc. [GS]: Insider Ownership positions

There are presently around $46,552 million, or 75.30% of GS stock, in the hands of institutional investors. The top three institutional holders of GS stocks are: VANGUARD GROUP INC with ownership of 25,234,037, which is approximately -1.386% of the company’s market cap and around 0.60% of the total institutional ownership; STATE STREET CORP, holding 19,682,817 shares of the stock with an approximate value of $3.82 billion in GS stocks shares; and BLACKROCK INC., currently with $3.79 billion in GS stock with ownership of nearly -0.409% of the company’s market capitalization.

Positions in The Goldman Sachs Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 639 institutional holders increased their position in The Goldman Sachs Group Inc. [NYSE:GS] by around 18,722,860 shares. Additionally, 594 investors decreased positions by around 16,398,449 shares, while 189 investors held positions by with 204,835,863 shares. The mentioned changes placed institutional holdings at 239,957,172 shares, according to the latest SEC report filing. GS stock had 160 new institutional investments in for a total of 3,096,214 shares, while 117 institutional investors sold positions of 4,758,100 shares during the same period.

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