GE HealthCare Technologies Inc [GEHC] stock is trading at $90.88, up 0.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GEHC shares have gain 4.89% over the last week, with a monthly amount glided 7.72%, 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 September 18, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $100 for it. Previously, JP Morgan started tracking the stock with Neutral rating on September 09, 2024, and set its price target to $90. On August 06, 2024, Stifel initiated with a Buy rating and assigned a price target of $100 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $87 on May 30, 2024. HSBC Securities initiated its recommendation with a Buy and recommended $100 as its price target on February 15, 2024. UBS upgraded its rating to Neutral for this stock on February 12, 2024, and upped its price target to $88. In a note dated November 30, 2023, Jefferies initiated an Hold rating and provided a target price of $80 on this stock.
GE HealthCare Technologies Inc [GEHC] stock has fluctuated between $62.35 and $94.50 over the past year. Currently, Wall Street analysts expect the stock to reach $94.8 within the next 12 months. GE HealthCare Technologies Inc [NASDAQ: GEHC] shares were valued at $90.88 at the most recent close of the market. An investor can expect a potential return of 4.31% based on the average GEHC price forecast.
Analyzing the GEHC fundamentals
GE HealthCare Technologies Inc [NASDAQ:GEHC] reported sales of 19.52B for the trailing twelve months, which represents a growth of 0.46%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
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 90.27 points at the first support level, and at 89.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.55, and for the 2nd resistance point, it is at 92.22.
Ratios To Look Out For
For context, GE HealthCare Technologies Inc’s Current Ratio is 1.01. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 5.32 and price to earnings (TTM) ratio is 26.37.
Transactions by insiders
Recent insider trading involved Stacherski Kenneth R., Ch. Supply Chain & Serv. Ofc., that happened on Aug 14 ’24 when 19008.0 shares were sold. Officer, Kenneth Stacherski completed a deal on Aug 14 ’24 to buy 19008.0 shares. Meanwhile, Officer Jan Makela bought 33096.0 shares on Aug 12 ’24.
