Goldman Sachs Group, Inc. (NYSE: GS) – Time For Strategy Change?

Goldman Sachs Group, Inc. (NYSE:GS) currently has a daily average trading volume of 1.96M but it saw 1439856 shares traded in last market. With a market cap of 165.61B USD, the company’s current market price of $524.40 came rising about 0.02 while comparing to the previous closing price of $524.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $540.51 and as low as $293.29. In the recent trading on the day, stock has struck highest price mark of $523.175 while lowest mark touched by it was $530.785.

Taking a look at 20-day trading activity of Goldman Sachs Group, Inc. (GS) gives us an average price of $514.64, while its current price level is -2.98% below from 52-week high level whereas it is 78.80% 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 $501.55 while that of 200 days or SMA-200 reads an average of $450.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.88% during that period while stretching the period over a month that decreases to 1.82%. 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 59.62 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 1.39% up while it is 6.98% when we observe its performance for the past one month. Year-to-date it is 35.94% up and over the past year, the stock is showing an upside performance of 74.32%.

Currently, Goldman Sachs Group, Inc.’s total number of outstanding shares is 323.38M. 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 15.39 while having a 12.44 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.57 while price to sale or P/S ratio amounts to 1.34. Its return on asset (ROA) is 0.74% on average.