Baker Hughes Co [BKR] stock is trading at $32.93, down -0.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BKR shares have gain 4.11% over the last week, with a monthly amount drifted -0.27%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Baker Hughes Co [NASDAQ: BKR] stock has seen the most recent analyst activity on January 29, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, TD Cowen reaffirmed its Outperform rating on January 25, 2024, and elevated its price target to $49. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $38 on June 07, 2023. UBS initiated its recommendation with a Neutral and recommended $31 as its price target on April 19, 2023. JP Morgan upgraded its rating to Overweight for this stock on March 15, 2023, but kept the price target unchanged to $32. In a note dated February 16, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $34 to $43.
Baker Hughes Co [BKR] stock has fluctuated between $28.32 and $37.58 over the past year. Currently, Wall Street analysts expect the stock to reach $35.1 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $32.93 at the most recent close of the market. An investor can expect a potential return of 6.59% based on the average BKR price forecast.
Analyzing the BKR fundamentals
Baker Hughes Co [NASDAQ:BKR] reported sales of 26.21B for the trailing twelve months, which represents a growth of 12.28%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.73 points at the first support level, and at 32.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.17, and for the 2nd resistance point, it is at 33.41.
Ratios To Look Out For
For context, Baker Hughes Co’s Current Ratio is 1.25. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 18.28.
Transactions by insiders
Recent insider trading involved BORRAS MARIA C, EVP, Oilfield Services & Equip, that happened on May 24 ’24 when 55980.0 shares were sold. SVP, Enterprise Op Excellence, Apostolides James E completed a deal on Apr 05 ’24 to sell 5000.0 shares. Meanwhile, SVP, Enterprise Op Excellence Apostolides James E sold 10000.0 shares on Mar 05 ’24.
