Baker Hughes Co [BKR] stock prices are up 3.36% to $44.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BKR shares have gain 2.88% over the last week, with a monthly amount glided 23.15%, and 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 October 25, 2024, when Argus upgraded its rating to a Buy. Previously, Wells Fargo upgraded its rating to Overweight on September 25, 2024, and elevated its price target to $42. On July 29, 2024, TD Cowen reiterated its Buy rating and revised its price target to $50 on the stock. Wolfe Research downgraded its rating to a Peer Perform. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $49 on January 25, 2024. In a note dated June 07, 2023, CapitalOne initiated an Overweight rating and provided a target price of $38 on this stock.
The stock price of Baker Hughes Co [BKR] has been fluctuating between $28.32 and $44.49 over the past year. Currently, Wall Street analysts expect the stock to reach $39.39 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $44.31 at the most recent close of the market. An investor can expect a potential drop of -11.1% based on the average BKR price forecast.
Analyzing the BKR fundamentals
The Baker Hughes Co [NASDAQ:BKR] reported sales of 27.30B for trailing twelve months, representing a surge of 4.02%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
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 43.27 points at the first support level, and at 42.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.86, and for the 2nd resistance point, it is at 45.41.
Ratios To Look Out For
It’s worth pointing out that Baker Hughes Co [NASDAQ:BKR]’s Current Ratio is 1.30. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 2.71 and price to earnings (TTM) ratio is 19.84.
Transactions by insiders
Recent insider trading involved Buese Nancy, EVP & Chief Financial Officer, that happened on Nov 06 ’24 when 10000.0 shares were sold. Officer, Buese Nancy completed a deal on Nov 06 ’24 to buy 10000.0 shares. Meanwhile, EVP & Chief Financial Officer Buese Nancy sold 5000.0 shares on Oct 31 ’24.
