Goldman Sachs Group, Inc [GS] stock prices are up 2.10% to $582.79 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GS shares have gain 1.29% over the last week, with a monthly amount drifted -3.43%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Goldman Sachs Group, Inc [NYSE: GS] stock has seen the most recent analyst activity on November 26, 2024, when HSBC Securities downgraded its rating to a Hold and also boosted its price target to $608 from $569. Previously, Seaport Research Partners downgraded its rating to Neutral on July 02, 2024. On April 16, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $465 on the stock. Daiwa Securities upgraded its rating to a Outperform and increased its price target to $430 on March 14, 2024. Edward Jones initiated its recommendation with a Buy. Morgan Stanley upgraded its rating to Overweight for this stock on January 30, 2024, and upped its price target to $449. In a note dated January 18, 2024, BMO Capital Markets reiterated an Market Perform rating on this stock and boosted its target price from $357 to $360.
The stock price of Goldman Sachs Group, Inc [GS] has been fluctuating between $372.07 and $612.73 over the past year. Currently, Wall Street analysts expect the stock to reach $535.7 within the next 12 months. Goldman Sachs Group, Inc [NYSE: GS] shares were valued at $582.79 at the most recent close of the market. An investor can expect a potential drop of -8.08% based on the average GS price forecast.
Analyzing the GS fundamentals
The Goldman Sachs Group, Inc [NYSE:GS] reported sales of 123.72B for trailing twelve months, representing a surge of 8.11%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.91.
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 575.17 points at the first support level, and at 567.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 586.60, and for the 2nd resistance point, it is at 590.41.
Ratios To Look Out For
It’s worth pointing out that Goldman Sachs Group, Inc [NYSE:GS]’s Current Ratio is 1.26. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 17.10.
Transactions by insiders
Recent insider trading involved SOLOMON DAVID M, Chairman of the Board and CEO, that happened on Nov 29 ’24 when 6550.0 shares were sold. Director, VINIAR DAVID A completed a deal on Nov 29 ’24 to sell 5000.0 shares. Meanwhile, Director VINIAR DAVID A bought 5000.0 shares on Nov 29 ’24.
