Baker Hughes Co [NASDAQ: BKR] stock went on a downward path that fall over -0.26% on Friday, amounting to a one-week price decrease of less than -0.14%.
Over the last 12 months, BKR stock dropped by -2.44%. The one-year Baker Hughes Co stock forecast points to a potential upside of 18.87. The average equity rating for BKR stock is currently 1.59, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $34.94 billion, with 997.71 million shares outstanding and 992.33 million shares in the current float. Compared to the average trading volume of 6.22M shares, BKR stock reached a trading volume of 6170637 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Baker Hughes Co [BKR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKR shares is $43.35 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 1.59. 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.
TD Cowen have made an estimate for Baker Hughes Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 29, 2024. The new note on the price target was released on January 29, 2024, representing the official price target for Baker Hughes Co stock. Previously, the target price had yet another raise from $46 to $49, while TD Cowen kept a Outperform rating on BKR stock.
The Average True Range (ATR) for Baker Hughes Co is set at 0.77, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 3.35. Price to Free Cash Flow for BKR in the course of the last twelve months was 21.67 with Quick ratio for the last quarter at 0.86.
BKR Stock Performance Analysis:
Baker Hughes Co [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.14. With this latest performance, BKR shares dropped by -6.59% in over the last four-week period, additionally plugging by 17.39% over the last 6 months – not to mention a drop of -2.44% 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 50.28, with the RSI for the last a single of trading hit 50.57, and the three-weeks RSI is set at 50.93 for Baker Hughes Co [BKR]. The present Moving Average for the last 50 days of trading for this stock 35.22, while it was recorded at 35.24 for the last single week of trading, and 32.89 for the last 200 days.
Insight into Baker Hughes Co Fundamentals:
Baker Hughes Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 1.27.
BKR Stock EPS
With the latest financial reports released by the company, Baker Hughes Co posted 0.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 Co go to 36.55%.
Baker Hughes Co [BKR] Institutonal Ownership Details
There are presently around $98.07%, or 98.18%% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: VANGUARD GROUP INC with ownership of 121.45 million shares, which is approximately 12.1697%. BLACKROCK INC., holding 99.86 million shares of the stock with an approximate value of $$3.51 billion in BKR stocks shares; and BLACKROCK INC., currently with $$2.38 billion in BKR stock with ownership which is approximately 6.7712%.
