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In the latest session, Baker Hughes Co (NASDAQ: BKR) closed at $35.16 up 0.63% from its previous closing price of $34.94. In other words, the price has increased by $0.63 from its previous closing price. On the day, 4.6 million shares were traded. BKR stock price reached its highest trading level at $35.49 during the session, while it also had its lowest trading level at $34.85.
Ratios:
For a deeper understanding of Baker Hughes Co’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 10.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.67. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.38.
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, TD Cowen on July 29, 2024, Reiterated its Buy rating but revised its target price to $50 from $46 previously.
TD Cowen reiterated its Outperform rating for the stock on January 25, 2024, while the target price for the stock was revised from $46 to $49.
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 08 ’24 when Simonelli Lorenzo sold 114,286 shares for $35.00 per share. The transaction valued at 4,000,010 led to the insider holds 502,053 shares of the business.
Simonelli Lorenzo bought 114,286 shares of BKR for $4,000,010 on Aug 08 ’24. On Aug 01 ’24, another insider, Simonelli Lorenzo, who serves as the Chairman, President and CEO of the company, sold 114,286 shares for $38.55 each. As a result, the insider received 4,405,725 and left with 616,339 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 34954805248 and an Enterprise Value of 38686777344. As of this moment, Baker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.80, and their Forward P/E ratio for the next fiscal year is 13.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 1.431 whereas that against EBITDA is 9.424.
Stock Price History:
Over the past 52 weeks, BKR has reached a high of $39.05, while it has fallen to a 52-week low of $28.32. The 50-Day Moving Average of the stock is 1.54%, while the 200-Day Moving Average is calculated to be 6.99%.
Shares Statistics:
For the past three months, BKR has traded an average of 6.34M shares per day and 5504810 over the past ten days. A total of 997.71M shares are outstanding, with a floating share count of 991.28M. Insiders hold about 0.22% of the company’s shares, while institutions hold 94.17% stake in the company. Shares short for BKR as of 1722384000 were 16735367 with a Short Ratio of 2.64, compared to 1719532800 on 21687759. Therefore, it implies a Short% of Shares Outstanding of 16735367 and a Short% of Float of 2.18.
Dividends & Splits
According to the company, the forward annual dividend rate for BKR is 0.83, from 0.82 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023468804The stock’s 5-year Average Dividend Yield is 3.1.
