For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Baker Hughes Co (NASDAQ: BKR) closed the day trading at $32.14 up 0.44% from the previous closing price of $32.00. In other words, the price has increased by $0.44 from its previous closing price. On the day, 7.79 million shares were traded. BKR stock price reached its highest trading level at $32.255 during the session, while it also had its lowest trading level at $31.88.
Ratios:
For a better understanding of BKR, 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 8.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.00. 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:
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 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 32284628992 and an Enterprise Value of 35523645440. As of this moment, Baker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.84, and their Forward P/E ratio for the next fiscal year is 12.43. 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 2.08. Its current Enterprise Value per Revenue stands at 1.355 whereas that against EBITDA is 9.12.
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 $26.96. The 50-Day Moving Average of the stock is -0.55%, while the 200-Day Moving Average is calculated to be -3.77%.
Shares Statistics:
Over the past 3-months, BKR traded about 7.59M shares per day on average, while over the past 10 days, BKR traded about 6760520 shares per day. 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 94.69% stake in the company. Shares short for BKR as of 1713139200 were 22156362 with a Short Ratio of 2.92, 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
BKR’s forward annual dividend rate is 1.01, up from 0.8 a year ago. Against a Trailing Annual Dividend Yield of 0.025The stock’s 5-year Average Dividend Yield is 3.13.
