GE HealthCare Technologies Inc [NASDAQ: GEHC] loss -0.54% on the last trading session, reaching $91.99 price per share at the time.
If compared to the average trading volume of 2.82M shares, GEHC reached a trading volume of 12619920 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about GE HealthCare Technologies Inc [GEHC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEHC shares is $95.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEHC stock is a recommendation set at 1.90. 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.
UBS have made an estimate for GE HealthCare Technologies Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on September 26, 2024. The new note on the price target was released on September 18, 2024, representing the official price target for GE HealthCare Technologies Inc stock. Previously, the target price had yet another raise to $90, while JP Morgan analysts kept a Neutral rating on GEHC stock.
The Average True Range (ATR) for GE HealthCare Technologies Inc is set at 2.07, with the Price to Sales ratio for GEHC stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 5.38, with the Price to Cash per share for the same quarter was set at 4.41. Price to Free Cash Flow for GEHC in the course of the last twelve months was 25.98 with Quick ratio for the last quarter at 0.77.
Trading performance analysis for GEHC stock
GE HealthCare Technologies Inc [GEHC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.89. With this latest performance, GEHC shares gained by 9.60% in over the last four-week period, additionally plugging by 1.19% over the last 6 months – not to mention a rise of 34.72% 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 GEHC stock in for the last two-week period is set at 69.01, with the RSI for the last a single of trading hit 70.83, and the three-weeks RSI is set at 66.55 for GE HealthCare Technologies Inc [GEHC]. The present Moving Average for the last 50 days of trading for this stock 85.05, while it was recorded at 92.12 for the last single week of trading, and 82.41 for the last 200 days.
GE HealthCare Technologies Inc [GEHC]: A deeper dive into fundamental analysis
GE HealthCare Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.01.
GE HealthCare Technologies Inc [GEHC]: 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 GEHC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GE HealthCare Technologies Inc go to 10.80%.
An analysis of Institutional ownership at GE HealthCare Technologies Inc [GEHC]
There are presently around $78.48%, or 84.26%% of GEHC stock, in the hands of institutional investors. The top three institutional holders of GEHC stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 54.15 million shares, which is approximately 11.8743%. VANGUARD GROUP INC, holding 48.99 million shares of the stock with an approximate value of $$3.82 billion in GEHC stocks shares; and VANGUARD GROUP INC, currently with $$2.64 billion in GEHC stock with ownership which is approximately 7.4286%.
