Value Hunters: Look To GE HealthCare Technologies Inc (GEHC)

Currently, there are 455.34M common shares owned by the public and among those 392.54M shares have been available to trade.

Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 284,486 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 28,872,583 shares.

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The company’s stock has a 5-day price change of 5.75% and 20.27% over the past three months. GEHC shares are trading 11.25% year to date (YTD), with the 12-month market performance up to 18.94% higher. It has a 12-month low price of $62.35 and touched a high of $87.83 over the same period. GEHC has an average intraday trading volume of 2.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.36%, 13.60%, and 16.64% respectively.

Institutional ownership of GE HealthCare Technologies Inc (NASDAQ: GEHC) shares accounts for 69.12% of the company’s 455.34M shares outstanding.

It has a market capitalization of $39.17B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 28.44, while the earnings-per-share (ttm) stands at $3.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.47% over the week and 2.60% over the month.

Analysts forecast that GE HealthCare Technologies Inc (GEHC) will achieve an EPS of $Graham Holdings Company for the current quarter, $728.50 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Encompass Health Corporation while analysts give the company a high EPS estimate of $Great Elm Capital Corp.. Comparatively, EPS for the current quarter was $GLOBAL ARENA HOLDING INC a year ago. Earnings per share for the fiscal year are expected to increase by 9.18%, and 12.36% over the next financial year.

Looking at the support for the GEHC, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on February 15, 2024, with the firm’s price target at $100.

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