Baker Hughes Co (NASDAQ: BKR) is -0.35% lower on its value in year-to-date trading and has touched a low of $28.32 and a high of $39.05 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 $33.99 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $34.06, the stock is -2.31% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.75 million and changing 0.21% at the moment leaves the stock 3.58% off its SMA200. BKR registered -7.47% loss for a year compared to 6-month gain of 12.89%.
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The stock witnessed a -1.30% loss in the last 1 month and extending the period to 3 months gives it a 7.68%, and is -3.79% 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 2.13% over the week and 1.96% over the month.
Baker Hughes Co (BKR) has around 58000 employees, a market worth around $33.84B and $27.03B in sales. Current P/E ratio is 17.24 and Fwd P/E is 12.66. Profit margin for the company is 7.37%. Distance from 52-week low is 20.27% and -12.78% from its 52-week high. The company has generated returns on investments over the last 12 months (9.29%).
The EPS is expected to grow by 41.33% this year
1161.0 institutions hold shares in Baker Hughes Co (BKR), with institutional investors hold 98.17% of the company’s shares. The shares outstanding are 997.71M, and float is at 992.33M with Short Float at 1.74%. Institutions hold 98.06% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 121.45 million shares valued at $4.27 billion. The investor’s holdings represent 12.1697 of the BKR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 99.86 million shares valued at $3.51 billion to account for 10.0058 of the shares outstanding. The other top investors are STATE STREET CORP which holds 67.58 million shares representing 6.7712 and valued at over $2.38 billion, while JPMORGAN CHASE & CO holds 5.5125 of the shares totaling 55.02 million with a market value of $1.93 billion.
Baker Hughes Co (BKR) Insider Activity
The most recent transaction is an insider sale by Simonelli Lorenzo, the company’s Chairman, President and CEO. SEC filings show that Simonelli Lorenzo sold 114,286 shares of the company’s common stock on Aug 08 ’24 at a price of $35.00 per share for a total of $4.0 million. Following the sale, the insider now owns 0.5 million shares.
Still, SEC filings show that on Aug 01 ’24, Simonelli Lorenzo (Chairman, President and CEO) disposed off 114,286 shares at an average price of $38.55 for $4.41 million. The insider now directly holds 616,339 shares of Baker Hughes Co (BKR).
