Baker Hughes Co (NASDAQ: BKR) is 27.36% higher on its value in year-to-date trading and has touched a low of $28.32 and a high of $45.17 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 BKR stock was last observed hovering at around $43.55 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $43.53, the stock is 3.34% and 11.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.98 million and changing -0.05% at the moment leaves the stock 25.64% off its SMA200. BKR registered 28.14% gain for a year compared to 6-month gain of 36.33%. The firm has a 50-day simple moving average (SMA 50) of $38.7328 and a 200-day simple moving average (SMA200) of $34.577.
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The stock witnessed a 16.39% loss in the last 1 month and extending the period to 3 months gives it a 24.51%, and is 1.54% 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 2.64% over the week and 2.53% over the month.
Baker Hughes Co (BKR) has around 58000 employees, a market worth around $43.07B and $27.30B in sales. Current P/E ratio is 19.49 and Fwd P/E is 16.84. Profit margin for the company is 8.20%. Distance from 52-week low is 53.71% and -3.63% from its 52-week high. The company has generated returns on investments over the last 12 months (10.10%).
with sales reaching $7.1B over the same period.The EPS is expected to grow by 44.63% this year, but quarterly earnings will post 8.10% year-over-year. Quarterly sales are estimated to grow 3.83% in year-over-year returns.
Baker Hughes Co (BKR) Top Institutional Holders
1195.0 institutions hold shares in Baker Hughes Co (BKR), with institutional investors hold 98.13% of the company’s shares. The shares outstanding are 997.71M, and float is at 988.42M with Short Float at 1.64%. Institutions hold 98.01% 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 Buese Nancy, the company’s EVP & Chief Financial Officer. SEC filings show that Buese Nancy sold 10,000 shares of the company’s common stock on Nov 06 ’24 at a price of $40.69 per share for a total of $0.41 million. Following the sale, the insider now owns 26817.0 shares.
Still, SEC filings show that on Oct 31 ’24, Buese Nancy (EVP & Chief Financial Officer) disposed off 5,000 shares at an average price of $38.02 for $0.19 million. The insider now directly holds 36,817 shares of Baker Hughes Co (BKR).
