Technical Outlook And Game Plan For Goldman Sachs Group, Inc (NYSE: GS)

Goldman Sachs Group, Inc (GS) concluded trading on Wednesday at a closing price of $595.98, with 7.92 million shares of worth about $4.72 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.34% during that period and on November 06, 2024 the price saw a gain of about 13.10%. Currently the company’s common shares owned by public are about 323.38M shares, out of which, 314.19M shares are available for trading.

Stock saw a price change of 13.65% in past 5 days and over the past one month there was a price change of 20.02%. Year-to-date (YTD), GS shares are showing a performance of 54.49% which increased to 84.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $319.66 but also hit the highest price of $540.51 during that period. The average intraday trading volume for Goldman Sachs Group, Inc shares is 1.79 million. The stock is currently trading 13.66% above its 20-day simple moving average (SMA20), while that difference is up 18.11% for SMA50 and it goes to 31.23% 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 74.59% of that.

The stock has a current market capitalization of $187.08B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 17.49, while it has posted earnings per share of $34.08 in the same period. Its PEG reads 0.80 while making debt-to-equity ratio of 5.47. 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 2.80% while standing at 2.12% over the month.

Analysts are in expectations that Goldman Sachs Group, Inc (GS) stock would likely to be making an EPS of 8.03 in the current quarter, while forecast for next quarter EPS is 11.94 and it is 42.14 for next year. For the current quarter EPS, analysts have given the company a lowest target 6.95 which is 8.93 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 5.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 59.45% while it is estimated to increase by 15.69% in next year. EPS is likely to grow at an annualized rate of 21.89% for next 5-years, compared to annual growth of -1.98% made by the stock over the past 5-years.

Coverage by Argus stated Goldman Sachs Group, Inc (GS) stock as a Buy in their note to investors on April 16, 2024, suggesting a price target of $465 for the stock. Stock get an Overweight rating from Morgan Stanley on January 30, 2024.

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