Baker Hughes Co (NASDAQ: BKR) is -11.14% 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 $36.38 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $36.45, the stock is -5.93% and -13.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.1 million and changing 0.19% at the moment leaves the stock -8.76% off its SMA200. BKR registered 10.45% gain for a year compared to 6-month gain of 1.31%. The firm has a 50-day simple moving average (SMA 50) of $41.926 and a 200-day simple moving average (SMA200) of $39.94755.
The stock witnessed a -17.20% loss in the last 1 month and extending the period to 3 months gives it a -19.98%, and is -6.32% 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 3.81% over the week and 5.03% over the month.
Baker Hughes Co (BKR) has around 57000 employees, a market worth around $36.11B and $27.84B in sales. Current P/E ratio is 12.45 and Fwd P/E is 13.12. Profit margin for the company is 10.51%. Distance from 52-week low is 17.85% and -26.21% from its 52-week high. The company has generated returns on investments over the last 12 months (12.72%).
with sales reaching $6.72B over the same period.The EPS is expected to grow by 3.97% this year, but quarterly earnings will post -2.14% year-over-year. Quarterly sales are estimated to shrink -5.90% in year-over-year returns.
Baker Hughes Co (BKR) Top Institutional Holders
1325.0 institutions hold shares in Baker Hughes Co (BKR), with institutional investors hold 98.77% of the company’s shares. The shares outstanding are 990.36M, and float is at 989.16M with Short Float at 2.82%. Institutions hold 98.62% 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 12.1941% 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).
