Baker Hughes Co (BKR): Not A Time To Panic Nor Freeze

Baker Hughes Co (BKR) concluded trading on Tuesday at a closing price of $40.79, with 2.12 million shares of worth about $86.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.52% during that period and on December 24, 2024 the price saw a gain of about 1.59%. Currently the company’s common shares owned by public are about 989.09M shares, out of which, 988.41M shares are available for trading.

Stock saw a price change of -2.17% in past 5 days and over the past one month there was a price change of -8.45%. Year-to-date (YTD), BKR shares are showing a performance of 18.52% which increased to 18.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.32 but also hit the highest price of $45.17 during that period. The average intraday trading volume for Baker Hughes Co shares is 6.49 million. The stock is currently trading -2.70% below its 20-day simple moving average (SMA20), while that difference is down -0.12% for SMA50 and it goes to 13.95% higher than SMA200.

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Baker Hughes Co (NASDAQ: BKR) currently have 989.09M outstanding shares and institutions hold larger chunk of about 94.72% of that.

The stock has a current market capitalization of $41.01B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 18.27, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 0.56 and has Quick Ratio of 0.88 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKR, volatility over the week remained 3.00% while standing at 2.46% over the month.

Stock’s fiscal year EPS is expected to rise by 44.47% while it is estimated to increase by 11.09% in next year. EPS is likely to shrink at an annualized rate of 32.33% for next 5-years, compared to annual growth of 33.59% 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 Piper Sandler on December 19, 2024 offering an Overweight rating for the stock and assigned a target price of $53 to it. On September 25, 2024, Wells Fargo Upgrade their recommendations, while on July 29, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $50. Stock get a Peer perform rating from Wolfe Research on January 29, 2024.

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