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Baker Hughes Co (BKR) Review – Making Smarter Decisions

Baker Hughes Co (NASDAQ: BKR) is -6.67% lower on its value in year-to-date trading and has touched a low of $26.96 and a high of $37.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BKR stock was last observed hovering at around $32.14 in the last trading session, with the day’s loss setting it -0.24%.

Currently trading at $31.90, the stock is -2.23% and -1.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.37 million and changing -0.75% at the moment leaves the stock -4.44% off its SMA200. BKR registered 13.48% gain for a year compared to 6-month loss of -8.70%.

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The stock witnessed a -6.70% gain in the last 1 month and extending the period to 3 months gives it a 9.55%, and is 0.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 2.29% over the month.

Baker Hughes Co (BKR) has around 58000 employees, a market worth around $31.84B and $26.21B in sales. Current P/E ratio is 17.71 and Fwd P/E is 12.21. Profit margin for the company is 6.95%. Distance from 52-week low is 18.32% and -15.10% from its 52-week high. The company has generated returns on investments over the last 12 months (8.57%).

The EPS is expected to grow by 31.18% this year

The shares outstanding are 997.71M, and float is at 996.60M with Short Float at 2.22%.

Baker Hughes Co (BKR) Insider Activity

The most recent transaction is an insider sale by Apostolides James E, the company’s SVP, Enterprise Op Excellence. SEC filings show that Apostolides James E sold 5,000 shares of the company’s common stock on Apr 05 ’24 at a price of $33.88 per share for a total of $0.17 million. Following the sale, the insider now owns 14998.0 shares.

Baker Hughes Co disclosed in a document filed with the SEC on Mar 05 ’24 that Apostolides James E (SVP, Enterprise Op Excellence) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $29.44 per share for $0.29 million. Following the transaction, the insider now directly holds 14451.0 shares of the BKR stock.

Still, SEC filings show that on Dec 04 ’23, BORRAS MARIA C (EVP, Oilfield Services & Equip) disposed off 10,000 shares at an average price of $33.53 for $0.34 million. The insider now directly holds 59,463 shares of Baker Hughes Co (BKR).

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