Baker Hughes Co (NASDAQ: BKR) is -14.68% lower on its value in year-to-date trading and has touched a low of $30.93 and a high of $49.40 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 $35.71 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $35.00, the stock is -17.57% and -20.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.59 million and changing -1.99% at the moment leaves the stock -11.95% off its SMA200. BKR registered 2.01% gain for a year compared to 6-month gain of -7.72%. The firm has a 50-day simple moving average (SMA 50) of $44.0104 and a 200-day simple moving average (SMA200) of $39.75225.
The stock witnessed a -14.97% loss in the last 1 month and extending the period to 3 months gives it a -18.28%, and is -21.88% 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 7.88% over the week and 3.83% over the month.
Baker Hughes Co (BKR) has around 57000 employees, a market worth around $34.66B and $27.83B in sales. Current P/E ratio is 11.75 and Fwd P/E is 11.80. Profit margin for the company is 10.70%. Distance from 52-week low is 13.16% and -29.15% from its 52-week high. The company has generated returns on investments over the last 12 months (12.76%).
with sales reaching $6.52B over the same period.The EPS is expected to grow by 9.34% this year, but quarterly earnings will post -0.21% year-over-year. Quarterly sales are estimated to grow 1.66% in year-over-year returns.
Baker Hughes Co (BKR) Top Institutional Holders
1287.0 institutions hold shares in Baker Hughes Co (BKR), with institutional investors hold 98.29% of the company’s shares. The shares outstanding are 989.65M, and float is at 988.76M with Short Float at 2.23%. Institutions hold 98.13% 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 10.0259 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 4,660 shares of the company’s common stock on Mar 07 ’25 at a price of $42.21 per share for a total of $0.2 million. Following the sale, the insider now owns 14936.0 shares.
Still, SEC filings show that on Feb 21 ’25, Buese Nancy (EVP & Chief Financial Officer) disposed off 80,000 shares at an average price of $46.37 for $3.71 million. The insider now directly holds 6,299 shares of Baker Hughes Co (BKR).
