Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
GE HealthCare Technologies Inc (NASDAQ: GEHC) closed the day trading at $79.47 up 2.11% from the previous closing price of $77.83. In other words, the price has increased by $2.11 from its previous closing price. On the day, 2.7 million shares were traded. GEHC stock price reached its highest trading level at $80.06 during the session, while it also had its lowest trading level at $78.5.
Ratios:
For a better understanding of GEHC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.81. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 1.31 whereas as Long-Term Debt/Eq ratio is at 1.15.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on February 15, 2024, initiated with a Buy rating and assigned the stock a target price of $100.
On February 12, 2024, UBS Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $66 to $88.
On November 30, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $80.Jefferies initiated its Hold rating on November 30, 2023, with a $80 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 01 ’24 when Jimenez Frank R bought 1,315 shares for $76.52 per share. The transaction valued at 100,624 led to the insider holds 75,796 shares of the business.
O’Neill Kevin Michael sold 15,609 shares of GEHC for $1,206,949 on Jul 31 ’23. The CEO, PDx now owns 24,025 shares after completing the transaction at $77.32 per share. On Jun 08 ’23, another insider, Rott Roland, who serves as the CEO, Ultrasound of the company, sold 2,473 shares for $77.37 each. As a result, the insider received 191,336 and left with 22,335 shares of the company.
Valuation Measures:
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 36275273728 and an Enterprise Value of 43583303680. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.19, and their Forward P/E ratio for the next fiscal year is 16.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 4.90. Its current Enterprise Value per Revenue stands at 2.236 whereas that against EBITDA is 12.385.
Stock Price History:
Over the past 52 weeks, GEHC has reached a high of $94.50, while it has fallen to a 52-week low of $62.35. The 50-Day Moving Average of the stock is -10.08%, while the 200-Day Moving Average is calculated to be 4.32%.
Shares Statistics:
Over the past 3-months, GEHC traded about 3.78M shares per day on average, while over the past 10 days, GEHC traded about 3821620 shares per day. A total of 455.34M shares are outstanding, with a floating share count of 424.41M. Insiders hold about 7.02% of the company’s shares, while institutions hold 70.32% stake in the company. Shares short for GEHC as of 1713139200 were 10954556 with a Short Ratio of 2.90, compared to 1710460800 on 12291266. Therefore, it implies a Short% of Shares Outstanding of 10954556 and a Short% of Float of 3.06.
Dividends & Splits
GEHC’s forward annual dividend rate is 0.15, up from 0.12 a year ago. Against a Trailing Annual Dividend Yield of 0.0015418219
