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Baker Hughes Co (BKR) Stock Could Soon Reward Patient Investors

Baker Hughes Co (NASDAQ: BKR) is -2.19% lower on its value in year-to-date trading and has touched a low of $28.32 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 $34.17 in the last trading session, with the day’s loss setting it -0.74%.

Currently trading at $33.43, the stock is 0.22% and 1.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.48 million and changing -2.17% at the moment leaves the stock 2.00% off its SMA200. BKR registered 0.97% gain for a year compared to 6-month loss of 0.03%.

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The stock witnessed a 5.29% gain in the last 1 month and extending the period to 3 months gives it a -2.39%, and is -4.32% down 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 1.87% over the week and 2.17% over the month.

Baker Hughes Co (BKR) has around 58000 employees, a market worth around $33.36B and $26.21B in sales. Current P/E ratio is 18.56 and Fwd P/E is 12.83. Profit margin for the company is 6.95%. Distance from 52-week low is 18.04% and -11.03% from its 52-week high. The company has generated returns on investments over the last 12 months (8.57%).

with sales reaching $6.8B over the same period.The EPS is expected to grow by 30.54% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.

Baker Hughes Co (BKR) Top Institutional Holders

The shares outstanding are 997.71M, and float is at 996.63M with Short Float at 2.55%.

Baker Hughes Co (BKR) Insider Activity

The most recent transaction is an insider sale by BORRAS MARIA C,the company’sEVP, Oilfield Services & Equip. SEC filings show that BORRAS MARIA C sold 55,980 shares of the company’s common stock on May 24 ’24 at a price of $32.00 per share for a total of $1.79 million. Following the sale, the insider now owns 92035.0 shares.

Baker Hughes Co disclosed in a document filed with the SEC on Apr 05 ’24 that Apostolides James E (SVP, Enterprise Op Excellence) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Apr 05 ’24 and was made at $33.88 per share for $0.17 million. Following the transaction, the insider now directly holds 14998.0 shares of the BKR stock.

Still, SEC filings show that on Mar 05 ’24, Apostolides James E (SVP, Enterprise Op Excellence) disposed off 10,000 shares at an average price of $29.44 for $0.29 million. The insider now directly holds 14,451 shares of Baker Hughes Co (BKR).

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