Baker Hughes Co (NASDAQ:BKR) currently has a daily average trading volume of 6.50M but it saw 7259291 shares traded in last market. With a market cap of 42.73B USD, the company’s current market price of $43.18 came rising about 0.26 while comparing to the previous closing price of $43.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.49 and as low as $28.32. In the recent trading on the day, stock has struck highest price mark of $42.59 while lowest mark touched by it was $43.295.
Taking a look at 20-day trading activity of Baker Hughes Co (BKR) gives us an average price of $39.38, while its current price level is -2.96% below from 52-week high level whereas it is 52.47% 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 $37.30 while that of 200 days or SMA-200 reads an average of $34.06. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.43% during that period while stretching the period over a month that increases to 2.54%. 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 73.30 which implies that the stock is in overbought territory.
Wells Fargo upgraded its recommendation for the stock as a “Overweight” from “Equal Weight” on September 25, 2024 while assigning a price target range of $40-$42. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $46 and $50.
Over the week, BKR’s stock price is moving 0.19% up while it is 17.53% when we observe its performance for the past one month. Year-to-date it is 26.33% up and over the past year, the stock is showing an upside performance of 24.44%.
Currently, Baker Hughes Co’s total number of outstanding shares is 997.71M. Company’s return on investment (ROI) stands at 10.10% and return on equity (ROE) at 14.24%. It has a price to earnings ratio (P/E ratio) of 19.34 while having a 16.71 of forward P/E ratio. Stock’s beta reads 1.38. Stock has a price to book (P/B) ratio of 2.64 while price to sale or P/S ratio amounts to 1.57. Its return on asset (ROA) is 6.04% on average.
