Baker Hughes Co [NASDAQ: BKR] surged by $0.41 during the normal trading session on while it closed the day at $36.45.
Baker Hughes Co stock has also gained 7.27% of its value over the past 7 days. However, BKR stock has inclined by 5.93% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.00% and gained 6.64% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for BKR stock reached $36.21 billion, with 997.71 million shares outstanding and 992.33 million shares in the current float. Compared to the average trading volume of 6.45M shares, BKR reached a trading volume of 6694983 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 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 $43.22 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 1.66. 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 0.89, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 2.32, 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 22.46 with Quick ratio for the last quarter at 0.86.
BKR stock trade performance evaluation
Baker Hughes Co [BKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.27. With this latest performance, BKR shares gained by 5.29% in over the last four-week period, additionally plugging by 9.00% over the last 6 months – not to mention a rise of 3.96% 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 64.34, with the RSI for the last a single of trading hit 71.54, and the three-weeks RSI is set at 60.07 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 35.65 for the last single week of trading, and 32.93 for the last 200 days.
Baker Hughes Co [BKR]: An insightful look at the core 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.
Earnings per share (EPS) analysis for Baker Hughes Co [BKR] stock
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]: Institutional Ownership
There are presently around $98.02%, or 98.14%% 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%.
