The Week Ahead: Are Investors Really Too Optimistic About Goldman Sachs Group, Inc. (NYSE: GS)

Goldman Sachs Group, Inc. (NYSE:GS) currently has a daily average trading volume of 1.97M but it saw 1262457 shares traded in last market. With a market cap of 163.33B USD, the company’s current market price of $517.20 came falling about -0.21 while comparing to the previous closing price of $518.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $540.51 and as low as $289.36. In the recent trading on the day, stock has struck highest price mark of $513.4 while lowest mark touched by it was $520.0.

Taking a look at 20-day trading activity of Goldman Sachs Group, Inc. (GS) gives us an average price of $507.81, while its current price level is -4.31% below from 52-week high level whereas it is 78.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $499.44 while that of 200 days or SMA-200 reads an average of $446.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.43% during that period while stretching the period over a month that increases to 1.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.14 which implies that the stock is in neutral territory.

Argus upgraded its recommendation for the stock as a “Buy” from “Hold” on April 16, 2024 while assigning a price target of $465. Daiwa Securities issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $410 and $430.

Over the week, GS’s stock price is moving -2.39% down while it is 3.85% when we observe its performance for the past one month. Year-to-date it is 34.07% up and over the past year, the stock is showing an upside performance of 72.85%.

Currently, Goldman Sachs Group, Inc.’s total number of outstanding shares is 323.38M with 0.52% of that held by the insiders while 75.90% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.09% and return on equity (ROE) at 10.22%. It has a price to earnings ratio (P/E ratio) of 15.18 while having a 12.31 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.55 while price to sale or P/S ratio amounts to 1.32. Its return on asset (ROA) is 0.74% on average.