GE HealthCare Technologies Inc (GEHC) concluded trading on Wednesday at a closing price of $87.20, with 4.7 million shares of worth about $409.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.42% during that period and on October 30, 2024 the price saw a gain of about 2.26%. Currently the company’s common shares owned by public are about 455.34M shares, out of which, 442.22M shares are available for trading.
Stock saw a price change of -2.34% in past 5 days and over the past one month there was a price change of -4.88%. Year-to-date (YTD), GEHC shares are showing a performance of 12.78% which increased to 38.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.35 but also hit the highest price of $94.55 during that period. The average intraday trading volume for GE HealthCare Technologies Inc shares is 2.81 million. The stock is currently trading -2.73% below its 20-day simple moving average (SMA20), while that difference is down -1.47% for SMA50 and it goes to 3.82% higher than SMA200.
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GE HealthCare Technologies Inc (NASDAQ: GEHC) currently have 455.34M outstanding shares and institutions hold larger chunk of about 76.59% of that.
The stock has a current market capitalization of $39.82B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 25.30, while it has posted earnings per share of $3.45 in the same period. Its PEG reads 2.34 and has Quick Ratio of 0.77 while making debt-to-equity ratio of 1.24. 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 2.52% while standing at 1.79% over the month.
Stock’s fiscal year EPS is expected to rise by 8.57% while it is estimated to increase by 10.66% in next year. EPS is likely to grow at an annualized rate of 10.83% for next 5-years, compared to annual growth of -2.54% 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 UBS on September 26, 2024 offering a Sell rating for the stock and assigned a target price range of between $84 and $74 to it. Coverage by BTIG Research stated GE HealthCare Technologies Inc (GEHC) stock as a Buy in their note to investors on September 18, 2024, suggesting a price target of $100 for the stock. On September 09, 2024, JP Morgan Initiated their recommendations, while on August 06, 2024, Stifel Initiated their ratings for the stock with a price target of $100. Stock get a Neutral rating from Goldman on May 30, 2024.
