It’s Not A Fantasy To Think That Goldman Sachs Group, Inc (GS) Has Big Future Potential

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Goldman Sachs Group, Inc (NYSE:GS) currently has a daily average trading volume of 1.98M but it saw 1528573 shares traded in last market. With a market cap of 182.67B USD, the company’s current market price of $581.93 came rising about 0.09 while comparing to the previous closing price of $581.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $607.15 and as low as $334.55. In the recent trading on the day, stock has struck highest price mark of $576.62 while lowest mark touched by it was $587.8.

Taking a look at 20-day trading activity of Goldman Sachs Group, Inc (GS) gives us an average price of $558.75, while its current price level is -4.15% below from 52-week high level whereas it is 73.94% 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 $524.56 while that of 200 days or SMA-200 reads an average of $464.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.86% during that period while stretching the period over a month that increases to 2.10%. 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 62.25 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 -2.07% down while it is 12.28% when we observe its performance for the past one month. Year-to-date it is 50.85% up and over the past year, the stock is showing an upside performance of 71.43%.

Currently, Goldman Sachs Group, Inc’s total number of outstanding shares is 323.38M. Company’s return on investment (ROI) stands at 2.98% and return on equity (ROE) at 10.21%. It has a price to earnings ratio (P/E ratio) of 17.08 while having a 13.79 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.69 while price to sale or P/S ratio amounts to 1.48. Its return on asset (ROA) is 0.74% on average.