Baker Hughes Co (NASDAQ: BKR) is 14.31% higher on its value in year-to-date trading and has touched a low of $28.66 and a high of $49.40 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 $46.98 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $46.89, the stock is 1.67% and 6.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.06 million and changing -0.19% at the moment leaves the stock 23.56% off its SMA200. BKR registered 60.58% gain for a year compared to 6-month gain of 34.20%.
The stock witnessed a 0.75% loss in the last 1 month and extending the period to 3 months gives it a 8.59%, and is -0.47% 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 1.85% over the week and 2.68% over the month.
Baker Hughes Co (BKR) has around 57000 employees, a market worth around $46.43B and $27.83B in sales. Current P/E ratio is 15.74 and Fwd P/E is 15.67. Profit margin for the company is 10.70%. Distance from 52-week low is 63.61% and -5.08% from its 52-week high. The company has generated returns on investments over the last 12 months (12.76%).
The EPS is expected to grow by 10.08% this year
The shares outstanding are 989.65M, and float is at 988.46M with Short Float at 1.38%.
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 6.7848 and valued at over $2.38 billion, while JPMORGAN CHASE & CO holds 5.5236 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 Apostolides James E, the company’s SVP, Enterprise Op Excellence. SEC filings show that Apostolides James E sold 7,681 shares of the company’s common stock on Feb 12 ’25 at a price of $46.65 per share for a total of $0.36 million. Following the sale, the insider now owns 19596.0 shares.
Still, SEC filings show that on Jan 28 ’25, BORRAS MARIA C (EVP, Oilfield Services & Equip) disposed off 67,250 shares at an average price of $43.48 for $2.92 million. The insider now directly holds 106,052 shares of Baker Hughes Co (BKR).
