At the time of writing, GE HealthCare Technologies Inc [GEHC] stock is trading at $83.47, down -0.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GEHC shares have gain 5.21% over the last week, with a monthly amount glided 1.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
GE HealthCare Technologies Inc [NASDAQ: GEHC] stock has seen the most recent analyst activity on August 06, 2024, when Stifel initiated its Buy rating and assigned the stock a price target of $100. Previously, Goldman started tracking the stock with Neutral rating on May 30, 2024, and set its price target to $87. On February 15, 2024, HSBC Securities initiated with a Buy rating and assigned a price target of $100 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $88 on February 12, 2024. Jefferies initiated its recommendation with a Hold and recommended $80 as its price target on November 30, 2023. UBS downgraded its rating to Sell for this stock on November 27, 2023, and downed its price target to $66. In a note dated September 19, 2023, Citigroup initiated an Buy rating and provided a target price of $82 on this stock.
For the past year, the stock price of GE HealthCare Technologies Inc fluctuated between $62.35 and $94.50. Currently, Wall Street analysts expect the stock to reach $93.88 within the next 12 months. GE HealthCare Technologies Inc [NASDAQ: GEHC] shares were valued at $83.47 at the most recent close of the market. An investor can expect a potential return of 12.47% based on the average GEHC price forecast.
Analyzing the GEHC fundamentals
According to GE HealthCare Technologies Inc [NASDAQ:GEHC], the company’s sales were 19.52B for trailing twelve months, which represents an 0.46% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.2.
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 82.74 points at the first support level, and at 82.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.22, and for the 2nd resistance point, it is at 84.96.
Ratios To Look Out For
It is important to note that GE HealthCare Technologies Inc [NASDAQ:GEHC] has a current ratio of 1.01. In addition, the Quick Ratio stands at 0.77 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 4.89 and price to earnings (TTM) ratio is 24.22.
Transactions by insiders
Recent insider trading involved Kenneth Stacherski, Officer, that happened on Aug 14 ’24 when 19008.0 shares were purchased. Officer, Jan Makela completed a deal on Aug 12 ’24 to buy 33096.0 shares. Meanwhile, CEO, Patient Care Solutions Westrick Thomas J. sold 2750.0 shares on Aug 07 ’24.
