GE HealthCare Technologies Inc (NASDAQ: GEHC) is 2.50% higher on its value in year-to-date trading and has touched a low of $71.31 and a high of $94.55 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 GEHC stock was last observed hovering at around $80.29 in the last trading session, with the day’s loss setting it -1.04%.
Currently trading at $79.25, the stock is -3.59% and -7.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.56 million and changing -1.30% at the moment leaves the stock -6.08% off its SMA200. GEHC registered 5.65% gain for a year compared to 6-month gain of 1.25%. The firm has a 50-day simple moving average (SMA 50) of $85.7755 and a 200-day simple moving average (SMA200) of $84.45148.
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The stock witnessed a -3.07% loss in the last 1 month and extending the period to 3 months gives it a -10.48%, and is -3.78% 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 1.86% over the month.
GE HealthCare Technologies Inc (GEHC) has around 51000 employees, a market worth around $36.21B and $19.56B in sales. Current P/E ratio is 21.71 and Fwd P/E is 16.95. Profit margin for the company is 8.56%. Distance from 52-week low is 11.13% and -16.18% from its 52-week high. The company has generated returns on investments over the last 12 months (9.34%).
with sales reaching $5.33B over the same period.The EPS is expected to grow by 9.32% this year, but quarterly earnings will post 0.67% year-over-year. Quarterly sales are estimated to grow 2.47% in year-over-year returns.
GE HealthCare Technologies Inc (GEHC) Top Institutional Holders
1689.0 institutions hold shares in GE HealthCare Technologies Inc (GEHC), with institutional investors hold 86.20% of the company’s shares. The shares outstanding are 456.85M, and float is at 442.48M with Short Float at 1.96%. Institutions hold 83.55% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 54.15 million shares valued at $4.22 billion. The investor’s holdings represent 11.8743% of the GEHC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 48.99 million shares valued at $3.82 billion to account for 10.7437 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 33.87 million shares representing 7.4286% and valued at over $2.64 billion, while GENERAL ELECTRIC CO holds 6.6955 of the shares totaling 30.53 million with a market value of $2.38 billion.
GE HealthCare Technologies Inc (GEHC) Insider Activity
The most recent transaction is an insider sale by Rott Roland, the company’s CEO, Imaging. SEC filings show that Rott Roland sold 3,577 shares of the company’s common stock on Nov 06 ’24 at a price of $86.48 per share for a total of $0.31 million. Following the sale, the insider now owns 24298.0 shares.
Still, SEC filings show that on Nov 05 ’24, Philip Rackliffe (Officer) Proposed Sale 900 shares at an average price of $87.63 for $78870.0. The insider now directly holds shares of GE HealthCare Technologies Inc (GEHC).
