Goldman Sachs Group, Inc. (NYSE:GS) does about 2.26M shares in volume on a normal day but saw 1464535 shares change hands in Tuesday trading. The company now has a market cap of 150.14B USD. Its current market price is $465.61, marking an increase of 0.42% compared to the previous close of $463.66. The 52 week high reached by this stock is $471.48 whilst the lowest price level in 52 weeks is $289.36.
Goldman Sachs Group, Inc. (GS) has a 20-day trading average at $454.40 and the current price is -1.25% off the 52-week high compared with 60.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $450.08 and its 200-day simple moving average is $384.59. If we look at the stock’s price movements over the week, volatility stands at 1.64%, which increases to 1.75% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.91 to suggest the stock is neutral.
The consensus objective for the share price is $459.38, suggesting that the stock has a potential downside of -1.36% over the period.
Argus upgraded the stock to “Buy” from Hold on April 16, 2024 at a price target of $465. Daiwa Securities upgraded its price target at $410-$430.
Goldman Sachs Group, Inc. (GS) stock is up 1.80% over the week and 1.99% over the past month. Its price is 20.70% year-to-date and 44.36% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -1.36 percent from here.
The company has a return on investment of 2.60% and return on equity of 7.98%. The price to earnings ratio (P/E ratio) amounts to 18.18 while the forward price to earnings ratio is 11.41. The beta has a value of 1.36. Price to book ratio is 1.41 and price to sales ratio is 1.29.
