Goldman Sachs Group, Inc. (GS) concluded trading on Thursday at a closing price of $445.96, with 2.82 million shares of worth about $1.26 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.86% during that period and on June 27, 2024 the price saw a loss of about -2.17%. Currently the company’s common shares owned by public are about 323.38M shares, out of which, 320.82M shares are available for trading.
Stock saw a price change of -2.64% in past 5 days and over the past one month there was a price change of -3.01%. Year-to-date (YTD), GS shares are showing a performance of 15.60% which increased to 42.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $289.36 but also hit the highest price of $471.48 during that period. The average intraday trading volume for Goldman Sachs Group, Inc. shares is 2.23 million. The stock is currently trading -1.76% below its 20-day simple moving average (SMA20), while that difference is up 0.06% for SMA50 and it goes to 16.70% higher than SMA200.
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Goldman Sachs Group, Inc. (NYSE: GS) currently have 323.38M outstanding shares and institutions hold larger chunk of about 74.88% of that.
The stock has a current market capitalization of $143.80B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 17.41, while it has posted earnings per share of $25.61 in the same period. Its PEG reads 0.76 while making debt-to-equity ratio of 5.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GS, volatility over the week remained 1.88% while standing at 1.75% over the month.
Stock’s fiscal year EPS is expected to rise by 62.86% while it is estimated to increase by 9.89% in next year. EPS is likely to grow at an annualized rate of 22.85% for next 5-years, compared to annual growth of -1.98% made by the stock over the past 5-years.
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 Argus on April 16, 2024 offering a Buy rating for the stock and assigned a target price of $465 to it. Coverage by Daiwa Securities stated Goldman Sachs Group, Inc. (GS) stock as an Outperform in their note to investors on March 14, 2024, suggesting a price target of $430 for the stock. On February 27, 2024, Edward Jones Initiated their recommendations, while on January 30, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $449. Stock get a Market perform rating from BMO Capital Markets on January 18, 2024.
