Market Momentum Report: GE HealthCare Technologies Inc (GEHC)’s Positive Close at 79.44

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The price of GE HealthCare Technologies Inc (NASDAQ: GEHC) closed at $79.44 in the last session, up 1.49% from day before closing price of $78.27. In other words, the price has increased by $1.49 from its previous closing price. On the day, 3.41 million shares were traded. GEHC stock price reached its highest trading level at $80.1 during the session, while it also had its lowest trading level at $77.86.

Ratios:

We take a closer look at GEHC’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 14.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.80. 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, Goldman on May 30, 2024, initiated with a Neutral rating and assigned the stock a target price of $87.

On February 15, 2024, HSBC Securities started tracking the stock assigning a Buy rating and target price of $100.

UBS Upgraded its Sell to Neutral on February 12, 2024, whereas the target price for the stock was revised from $66 to $88.

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 May 28 ’24 when Kass-Hout Taha sold 3,300 shares for $78.70 per share. The transaction valued at 259,710 led to the insider holds 67,300 shares of the business.

Makela Jan sold 66,955 shares of GEHC for $5,459,511 on May 15 ’24. The CEO, Imaging now owns 63,348 shares after completing the transaction at $81.54 per share. On May 13 ’24, another insider, Makela Jan, who serves as the CEO, Imaging of the company, sold 20,227 shares for $81.57 each. As a result, the insider received 1,649,916 and left with 63,348 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 36261580800 and an Enterprise Value of 43569610752. 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 16.66. 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 4.89. Its current Enterprise Value per Revenue stands at 2.235 whereas that against EBITDA is 12.381.

Stock Price History:

The Beta on a monthly basis for GEHC is 1.39, which has changed by -0.0047606826 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -2.09%, while the 200-Day Moving Average is calculated to be 3.15%.

Shares Statistics:

According to the various share statistics, GEHC traded on average about 2.70M shares per day over the past 3-months and 2539440 shares per day over the past 10 days. A total of 455.34M shares are outstanding, with a floating share count of 424.47M. Insiders hold about 7.01% of the company’s shares, while institutions hold 75.31% stake in the company. Shares short for GEHC as of 1715731200 were 10364018 with a Short Ratio of 4.31, compared to 1713139200 on 10954556. Therefore, it implies a Short% of Shares Outstanding of 10364018 and a Short% of Float of 2.8900001.

Dividends & Splits

The forward annual dividend rate for GEHC is 0.12, which was 0.12 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0015331545

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