The closing price of GE HealthCare Technologies Inc. (NASDAQ: GEHC) was $76.53 for the day, down -0.86% from the previous closing price of $77.19. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 1430007 shares were traded. GEHC stock price reached its highest trading level at $77.14 during the session, while it also had its lowest trading level at $76.08.
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Our analysis of GEHC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.53.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 14 when Makela Jan sold 70,629 shares for $77.69 per share. The transaction valued at 5,487,379 led to the insider holds 63,796 shares of the business.
CULP H LAWRENCE JR bought 748 shares of GEHC for $51,806 on Jan 23. The Director now owns 1,272 shares after completing the transaction at $69.26 per share.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GEHC now has a Market Capitalization of 36.55B and an Enterprise Value of 44.47B. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.78, and their Forward P/E ratio for the next fiscal year is 17.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 5.20. Its current Enterprise Value per Revenue stands at 2.38 whereas that against EBITDA is 13.19.
Stock Price History:
Over the past 52 weeks, GEHC has reached a high of $87.83, while it has fallen to a 52-week low of $53.00. The 50-Day Moving Average of the stock is 79.50, while the 200-Day Moving Average is calculated to be 73.01.
GEHC traded an average of 1.95M shares per day over the past three months and 1.86M shares per day over the past ten days. A total of 454.68M shares are outstanding, with a floating share count of 453.21M. Insiders hold about 0.05% of the company’s shares, while institutions hold 56.98% stake in the company. Shares short for GEHC as of May 14, 2023 were 5.55M with a Short Ratio of 7.13M, compared to 8.51M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.22% and a Short% of Float of 1.52%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.03, GEHC has a forward annual dividend rate of 0.12. Against a Trailing Annual Dividend Yield of 0.04%, it implies a Forward Annual Dividend Yield of 0.16%.
The firm’s stock currently is rated by 4 analysts. The consensus estimate for the next quarter is $0.89, with high estimates of $0.91 and low estimates of $0.86.
Analysts are recommending an EPS of between $3.85 and $3.64 for the fiscal current year, implying an average EPS of $3.73. EPS for the following year is $4.3, with 6 analysts recommending between $4.42 and $4.21.
A total of 6 analysts have provided revenue estimates for GEHC’s current fiscal year. The highest revenue estimate was $19.46B, while the lowest revenue estimate was $19.2B, resulting in an average revenue estimate of $19.38B. In the same quarter a year ago, actual revenue was $18.34B, up 5.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $20.42B in the next fiscal year. The high estimate is $20.59B and the low estimate is $20.28B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.