Baker Hughes Co (NASDAQ:BKR) shares, rose in value on Friday, April 26, with the stock price down by -2.24% to the previous day’s close as strong demand from buyers drove the stock to $32.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $33.30. The PE ratio was 18.08 over 12-month period. Referring to stock’s 52-week performance, its high was $37.58, and the low was $26.81. On the whole, BKR has fluctuated by -1.62% over the past month.
The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 2.46%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.49B, with a low estimate of 6.52B and a high estimate of 6.85B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.76B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BKR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.60, with the price of BKR currently trading nearly -2.10% and 2.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.98, while the 7-day volatility ratio is showing 3.01% which for the 30-day chart, stands at 2.17%. Furthermore, Baker Hughes Co (BKR)’s beta value is 1.43, and its average true range (ATR) is 0.76.
A comparison of Baker Hughes Co (BKR) with its peers suggests the former has fared considerably weaker in the market. BKR showed an intraday change of -2.24% in today’s session so far, and over the past year, it grew by 13.20%%.
Data on historical trading for Baker Hughes Co (NASDAQ:BKR) indicates that the trading volumes over the past 3 months, they’ve averaged 8.54 million. According to company’s latest data on outstanding shares, there are 1.00 billion shares outstanding.
Nearly 0.14% of Baker Hughes Co’s shares belong to company insiders and institutional investors own 93.31% of the company’s shares. The stock has fallen by -4.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BKR stock heading into the next quarter.
