Goldman Sachs Group, Inc. (NYSE: GS) is 31.95% higher on its value in year-to-date trading and has touched a low of $289.36 and a high of $509.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GS stock was last observed hovering at around $505.67 in the last trading session, with the day’s gains setting it 3.36%.
Currently trading at $509.03, the stock is 4.98% and 8.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing 0.66% at the moment leaves the stock 27.25% off its SMA200. GS registered 43.04% gain for a year compared to 6-month gain of 31.58%.
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The stock witnessed a 9.79% loss in the last 1 month and extending the period to 3 months gives it a 19.29%, and is 4.59% 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 2.26% over the week and 2.19% over the month.
Goldman Sachs Group, Inc. (GS) has around 45300 employees, a market worth around $164.14B and $121.05B in sales. Current P/E ratio is 16.34 and Fwd P/E is 12.20. Profit margin for the company is 8.73%. Distance from 52-week low is 75.92% and -0.09% from its 52-week high. The company has generated returns on investments over the last 12 months (2.99%).
The EPS is expected to grow by 61.54% this year
The shares outstanding are 323.38M, and float is at 320.84M with Short Float at 1.72%.
Goldman Sachs Group, Inc. (GS) Insider Activity
The most recent transaction is an insider sale by Montag Thomas K., the company’s Director. SEC filings show that Montag Thomas K. sold 10,000 shares of the company’s common stock on Jul 16 ’24 at a price of $505.04 per share for a total of $5.05 million. Following the sale, the insider now owns 12450.0 shares.
Goldman Sachs Group, Inc. disclosed in a document filed with the SEC on Jul 16 ’24 that VINIAR DAVID A (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jul 16 ’24 and was made at $502.43 per share for $2.51 million. Following the transaction, the insider now directly holds 0.62 million shares of the GS stock.
Still, SEC filings show that on Jul 16 ’24, LEE BRIAN J (Chief Risk Officer) disposed off 3,500 shares at an average price of $505.99 for $1.77 million. The insider now directly holds 12,095 shares of Goldman Sachs Group, Inc. (GS).
