In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Baker Hughes Co (NASDAQ: BKR) closed at $31.93 in the last session, up 0.13% from day before closing price of $31.89. In other words, the price has increased by $0.13 from its previous closing price. On the day, 5.19 million shares were traded. BKR stock price reached its highest trading level at $32.35 during the session, while it also had its lowest trading level at $31.76.
Ratios:
We take a closer look at BKR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
On January 25, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $46 to $49.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 05 ’24 when Apostolides James E sold 5,000 shares for $33.88 per share. The transaction valued at 169,400 led to the insider holds 14,998 shares of the business.
Apostolides James E sold 10,000 shares of BKR for $294,400 on Mar 05 ’24. The SVP, Enterprise Op Excellence now owns 14,451 shares after completing the transaction at $29.44 per share. On Dec 04 ’23, another insider, BORRAS MARIA C, who serves as the EVP, Oilfield Services & Equip of the company, sold 10,000 shares for $33.53 each. As a result, the insider received 335,300 and left with 59,463 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, BKR now has a Market Capitalization of 32073684992 and an Enterprise Value of 35314065408. As of this moment, Baker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.73, and their Forward P/E ratio for the next fiscal year is 12.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 1.347 whereas that against EBITDA is 9.067.
Stock Price History:
Over the past 52 weeks, BKR has reached a high of $37.58, while it has fallen to a 52-week low of $26.81. The 50-Day Moving Average of the stock is -0.74%, while the 200-Day Moving Average is calculated to be -4.53%.
Shares Statistics:
According to the various share statistics, BKR traded on average about 8.01M shares per day over the past 3-months and 7380070 shares per day over the past 10 days. A total of 997.71M shares are outstanding, with a floating share count of 996.60M. Insiders hold about 0.14% of the company’s shares, while institutions hold 93.69% stake in the company. Shares short for BKR as of 1713139200 were 22156362 with a Short Ratio of 2.76, compared to 1710460800 on 24772387. Therefore, it implies a Short% of Shares Outstanding of 22156362 and a Short% of Float of 2.86.
Dividends & Splits
The forward annual dividend rate for BKR is 0.80, which was 0.8 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.025086235The stock’s 5-year Average Dividend Yield is 3.13.
