Baker Hughes Co [NASDAQ: BKR] closed the trading session at $44.31.
The stocks have a year to date performance of 29.64 percent and weekly performance of 2.88 percent. The stock has been moved at 38.08 percent over the last six months. The stock has performed 23.15 percent around the most recent 30 days and changed 27.99 percent over the most recent 3-months.
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If compared to the average trading volume of 6.51M shares, BKR reached to a volume of 8089793 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 $44.86 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 1.61. 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.
Argus have made an estimate for Baker Hughes Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 25, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $40 to $42. The new note on the price target was released on September 25, 2024, representing the official price target for Baker Hughes Co stock. Previously, the target price had yet another raise from $46 to $50, while TD Cowen kept a Buy rating on BKR stock.
The Average True Range (ATR) for Baker Hughes Co is set at 1.07, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.61. The Price to Book ratio for the last quarter was 2.71, with the Price to Cash per share for the same quarter was set at 3.86. Price to Free Cash Flow for BKR in the course of the last twelve months was 24.45 with Quick ratio for the last quarter at 0.88.
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 2.88. With this latest performance, BKR shares gained by 23.15% in over the last four-week period, additionally plugging by 38.08% over the last 6 months – not to mention a rise of 30.82% 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 75.00, with the RSI for the last a single of trading hit 77.06, and the three-weeks RSI is set at 72.51 for Baker Hughes Co [BKR]. The present Moving Average for the last 50 days of trading for this stock 38.09, while it was recorded at 43.27 for the last single week of trading, and 34.35 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 0.88 and a Current Ratio set at 1.30.
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 37.50%.
Baker Hughes Co [BKR]: Institutional Ownership
There are presently around $97.82%, or 97.94%% 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%.
