Baker Hughes Company [NASDAQ: BKR] stock went on a downward path that fall over -2.97% on Friday, amounting to a one-week price decrease of less than -3.66%. The company report on April 25, 2022 that Earth Day 2022 – Moving From Pledges to Actions.
By Allyson Anderson Book, Vice President – Energy Transition at Baker Hughes.
Over the last 12 months, BKR stock rose by 54.48%. The one-year Baker Hughes Company stock forecast points to a potential upside of 23.75. The average equity rating for BKR stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $32.77 billion, with 938.00 million shares outstanding and 925.14 million shares in the current float. Compared to the average trading volume of 12.01M shares, BKR stock reached a trading volume of 13334562 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Baker Hughes Company [BKR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKR shares is $40.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BKR stock is a recommendation set at 2.00. 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.
HSBC Securities have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 26, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $28 to $43. The new note on the price target was released on March 31, 2022, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another raise from $30 to $33, while Susquehanna kept a Positive rating on BKR stock. On January 21, 2022, analysts increased their price target for BKR shares from 30 to 35.
The Average True Range (ATR) for Baker Hughes Company is set at 1.65, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 1.78, with the Price to Cash per share for the same quarter was set at 4.01. Price to Free Cash Flow for BKR in the course of the last twelve months was 141.27 with Quick ratio for the last quarter at 1.20.
BKR Stock Performance Analysis:
Baker Hughes Company [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.66. With this latest performance, BKR shares dropped by -16.95% in over the last four-week period, additionally plugging by 22.27% over the last 6 months – not to mention a rise of 54.48% 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 BKR stock in for the last two-week period is set at 35.21, with the RSI for the last a single of trading hit 29.39, and the three-weeks RSI is set at 40.43 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 34.23, while it was recorded at 31.27 for the last single week of trading, and 26.80 for the last 200 days.
Insight into Baker Hughes Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Baker Hughes Company [BKR] shares currently have an operating margin of +7.72 and a Gross Margin at +22.16. Baker Hughes Company’s Net Margin is presently recorded at -1.07.
Return on Equity for this stock declined to -1.58, with Return on Assets sitting at -0.60.
Baker Hughes Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.
BKR Stock EPS
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 BKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baker Hughes Company go to 50.90%.
Baker Hughes Company [BKR] Insider Position Details
There are presently around $31,245 million, or 87.50% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 166,645,919, which is approximately -22.138% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 106,470,994 shares of the stock with an approximate value of $3.3 billion in BKR stocks shares; and VANGUARD GROUP INC, currently with $2.94 billion in BKR stock with ownership of nearly 5.899% of the company’s market capitalization.
Positions in Baker Hughes Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 341 institutional holders increased their position in Baker Hughes Company [NASDAQ:BKR] by around 100,399,936 shares. Additionally, 227 investors decreased positions by around 104,362,421 shares, while 78 investors held positions by with 802,476,454 shares. The mentioned changes placed institutional holdings at 1,007,238,811 shares, according to the latest SEC report filing. BKR stock had 105 new institutional investments in for a total of 7,791,364 shares, while 59 institutional investors sold positions of 6,804,917 shares during the same period.