The Goldman Sachs Group Inc. [NYSE: GS] price plunged by -3.09 percent to reach at -$9.96. The company report on March 2, 2023 that Credit Agricole CIB, R. Seelaus & Co., and Siebert Williams Shank Join DirectBooks.
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DirectBooks announced today that Credit Agricole Corporate & Investment Bank, R. Seelaus & Co. (Seelaus) and Siebert Williams Shank have joined the platform. The recent additions increase the total number of underwriters live on DirectBooks to 28.
A sum of 6523900 shares traded at recent session while its average daily volume was at 2.79M shares. The Goldman Sachs Group Inc. shares reached a high of $312.51 and dropped to a low of $304.41 until finishing in the latest session at $312.19.
The one-year GS stock forecast points to a potential upside of 21.12. The average equity rating for GS stock is currently 2.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $395.79 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 2.40. 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.
Wells Fargo have made an estimate for The Goldman Sachs Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 08, 2023. The new note on the price target was released on January 10, 2023, representing the official price target for The Goldman Sachs Group Inc. stock. On October 07, 2022, analysts increased their price target for GS shares from 395 to 429.
The Average True Range (ATR) for The Goldman Sachs Group Inc. is set at 9.83, with the Price to Sales ratio for GS stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 690.57. Price to Free Cash Flow for GS in the course of the last twelve months was 61.59.
GS Stock Performance Analysis:
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 -10.62. With this latest performance, GS shares dropped by -16.53% in over the last four-week period, additionally sinking by -4.93% over the last 6 months – not to mention a drop of -3.94% 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 27.52, with the RSI for the last a single of trading hit 23.50, and the three-weeks RSI is set at 31.51 for The Goldman Sachs Group Inc. [GS]. The present Moving Average for the last 50 days of trading for this stock 355.80, while it was recorded at 323.92 for the last single week of trading, and 337.03 for the last 200 days.
Insight into The Goldman Sachs Group Inc. 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 +20.91. The Goldman Sachs Group Inc.’s Net Margin is presently recorded at +16.74.
Return on Equity for this stock inclined to 9.92, with Return on Assets sitting at 0.78.
GS 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 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 2.59%.
The Goldman Sachs Group Inc. [GS] Insider Position Details
There are presently around $75,363 million, or 71.40% of GS stock, in the hands of institutional investors. The top three institutional holders of GS stocks are: VANGUARD GROUP INC with ownership of 29,524,710, which is approximately -1.856% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 23,301,707 shares of the stock with an approximate value of $7.27 billion in GS stocks shares; and STATE STREET CORP, currently with $6.47 billion in GS stock with ownership of nearly 0.299% of the company’s market capitalization.
891 institutional holders increased their position in The Goldman Sachs Group Inc. [NYSE:GS] by around 15,326,930 shares. Additionally, 799 investors decreased positions by around 12,079,684 shares, while 291 investors held positions by with 213,994,126 shares. The mentioned changes placed institutional holdings at 241,400,740 shares, according to the latest SEC report filing. GS stock had 232 new institutional investments in for a total of 1,482,891 shares, while 89 institutional investors sold positions of 1,121,835 shares during the same period.