GE HealthCare Technologies Inc [GEHC] stock is trading at $90.25, down -0.57%. 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 0.41% over the last week, with a monthly amount glided 3.51%, 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 26, 2024, when UBS downgraded its rating to a Sell and also revised its price target to $74 from $84. Previously, BTIG Research upgraded its rating to Buy on September 18, 2024, and kept the price target unchanged to $100. On September 09, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $90 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $100 on August 06, 2024. Goldman initiated its recommendation with a Neutral and recommended $87 as its price target on May 30, 2024. HSBC Securities started tracking with a Buy rating for this stock on February 15, 2024, and assigned it a price target of $100. In a note dated February 12, 2024, UBS upgraded an Neutral rating on this stock and boosted its target price from $66 to $88.
GE HealthCare Technologies Inc [GEHC] stock has fluctuated between $62.35 and $94.55 over the past year. Currently, Wall Street analysts expect the stock to reach $93.4 within the next 12 months. GE HealthCare Technologies Inc [NASDAQ: GEHC] shares were valued at $90.25 at the most recent close of the market. An investor can expect a potential return of 3.49% 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. 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 89.74 points at the first support level, and at 89.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.81, and for the 2nd resistance point, it is at 91.37.
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 2.11, the price to book ratio is 5.28 and price to earnings (TTM) ratio is 26.19.
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.
