Baker Hughes Company [BKR] is 24.90% higher this YTD. Is it still time to buy?

Related

Baker Hughes Company [NASDAQ: BKR] loss -6.47% on the last trading session, reaching $30.05 price per share at the time. The company report on May 6, 2022 that Reuter-Stokes Drives Technology Innovation with Student STEM Day Event.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

Reuter-Stokes drives technology innovation for 100 Twinsburg-Area High School Students at STEM event with help from Funny Car Drag Racing World Champion and his 330mph vehicle.

Baker Hughes Company represents 938.00 million in outstanding shares, while the company has a total market value of $30.70 billion with the latest information. BKR stock price has been found in the range of $29.9714 to $31.65.

If compared to the average trading volume of 12.05M shares, BKR reached a trading volume of 13332060 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 1.58, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 4.15. Price to Free Cash Flow for BKR in the course of the last twelve months was 132.33 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for BKR stock

Baker Hughes Company [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.78. With this latest performance, BKR shares dropped by -16.81% in over the last four-week period, additionally plugging by 21.17% over the last 6 months – not to mention a rise of 22.01% 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 35.53, with the RSI for the last a single of trading hit 31.62, and the three-weeks RSI is set at 39.56 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 34.53, while it was recorded at 31.71 for the last single week of trading, and 27.14 for the last 200 days.

Baker Hughes Company [BKR]: A deeper dive into fundamental analysis

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.

Baker Hughes Company [BKR]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Baker Hughes Company [BKR]

There are presently around $30,282 million, or 87.70% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 116,548,079, which is approximately -30.062% of the company’s market cap and around 0.20% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 106,470,994 shares of the stock with an approximate value of $3.42 billion in BKR stocks shares; and VANGUARD GROUP INC, currently with $3.05 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 344 institutional holders increased their position in Baker Hughes Company [NASDAQ:BKR] by around 103,178,107 shares. Additionally, 238 investors decreased positions by around 124,171,859 shares, while 78 investors held positions by with 715,124,531 shares. The mentioned changes placed institutional holdings at 942,474,497 shares, according to the latest SEC report filing. BKR stock had 108 new institutional investments in for a total of 9,087,139 shares, while 57 institutional investors sold positions of 6,847,172 shares during the same period.