GE HealthCare Technologies Inc (GEHC) concluded trading on 01/10/24 at a closing price of $76.17, with 3.0 million shares of worth about $228.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.76% during that period and on Wednesday the price saw a loss of about -0.64%. Currently the company’s common shares owned by public are about 453.93M shares, out of which, 392.43M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 70 times over the past 12 months. They bought 393,243 shares in 44 of the transactions. In 26 selling transactions, insiders dumped 28,872,583 shares.
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GE HealthCare Technologies Inc (NASDAQ: GEHC) started trading at $76.34, below -$0.32 from concluding price of the previous day. However, the stock later moved at a day high price of 76.61, or with a loss of -0.64%. Stock saw a price change of 0.08% in past 5 days and over the past one month there was a price change of 11.16%. Year-to-date (YTD), GEHC shares are showing a performance of -1.49% which increased to 31.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.06 but also hit the highest price of $87.83 during that period. The average intraday trading volume for GE HealthCare Technologies Inc shares is 2.60 million. The stock is currently trading 0.25% above its 20-day simple moving average (SMA20), while that difference is up 5.50% for SMA50 and it goes to 2.41% higher than SMA200.
GE HealthCare Technologies Inc (NASDAQ: GEHC) currently have 453.93M outstanding shares and institutions hold larger chunk of about 67.58% of that.
The stock has a current market capitalization of $34.67B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 22.63, while it has posted earnings per share of $3.37 in the same period. It has Quick Ratio of 0.92 while making debt-to-equity ratio of 1.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GEHC, volatility over the week remained 2.42% while standing at 1.93% over the month.
Analysts are in expectations that GE HealthCare Technologies Inc (GEHC) stock would likely to be making an EPS of $1.07 in the current quarter, while forecast for next quarter EPS is $0.91 and it is $4.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.04 which is $1.09 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -17.60% while it is estimated to increase by 10.88% in next year.
Analysts at 15 brokerage firms have issued recommendations for the GE HealthCare Technologies Inc (GEHC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.93. Out of those 15 Wall Street analysts, 9 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on November 30, 2023 offering a Hold rating for the stock and assigned a target price of $80 to it.
