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In the latest session, GE HealthCare Technologies Inc (NASDAQ: GEHC) closed at $85.27 down -0.77% from its previous closing price of $85.93. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 3.76 million shares were traded. GEHC stock price reached its highest trading level at $86.7 during the session, while it also had its lowest trading level at $85.01.
Ratios:
For a deeper understanding of GE HealthCare Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.09.
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 the company, UBS on September 26, 2024, Downgraded its rating to Sell and sets its target price to $74 from $84 previously.
On September 18, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $100.
On September 09, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $90.JP Morgan initiated its Neutral rating on September 09, 2024, with a $90 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 14 ’24 when Stacherski Kenneth R. sold 19,008 shares for $83.22 per share. The transaction valued at 1,581,846 led to the insider holds 38,541 shares of the business.
Kenneth Stacherski bought 19,008 shares of GEHC for $1,572,774 on Aug 14 ’24. On Aug 12 ’24, another insider, Jan Makela, who serves as the Officer of the company, bought 33,096 shares for $83.20 each.
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 39240994816 and an Enterprise Value of 46796591104. As of this moment, GE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.74, and their Forward P/E ratio for the next fiscal year is 17.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 4.99. Its current Enterprise Value per Revenue stands at 2.398 whereas that against EBITDA is 13.242.
Stock Price History:
Over the past 52 weeks, GEHC has reached a high of $94.55, while it has fallen to a 52-week low of $62.35. The 50-Day Moving Average of the stock is -3.58%, while the 200-Day Moving Average is calculated to be 1.59%.
Shares Statistics:
For the past three months, GEHC has traded an average of 2.80M shares per day and 2245780 over the past ten days. A total of 455.34M shares are outstanding, with a floating share count of 442.22M. Insiders hold about 3.16% of the company’s shares, while institutions hold 76.06% stake in the company. Shares short for GEHC as of 1728950400 were 9119017 with a Short Ratio of 3.26, compared to 1726185600 on 10097148. Therefore, it implies a Short% of Shares Outstanding of 9119017 and a Short% of Float of 2.54.
Dividends & Splits
According to the company, the forward annual dividend rate for GEHC is 0.12, from 0.12 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0013964855
