GE HealthCare Technologies Inc (NASDAQ:GEHC) shares, rose in value, with the stock price up by 6.76% to the previous day’s close as strong demand from buyers drove the stock to $91.71.
Actively observing the price movement in the recent trading, the stock is buoying the session at $85.90, falling within a range of $89.64 and $93.05. The PE ratio was 25.12 over 12-month period. Referring to stock’s 52-week performance, its high was $94.55, and the low was $74.51. On the whole, GEHC has fluctuated by 9.00% over the past month.
With the market capitalization of GE HealthCare Technologies Inc currently standing at about $41.90 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 0.14%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.11B, with a low estimate of 4.66B and a high estimate of 4.83B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.76B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GEHC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.92, with the price of GEHC currently trading nearly 4.59% and 9.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.49, while the 7-day volatility ratio is showing 2.08% which for the 30-day chart, stands at 2.13%. Furthermore, GE HealthCare Technologies Inc (GEHC)’s beta value is 1.34, and its average true range (ATR) is 2.19.
A comparison of GE HealthCare Technologies Inc (GEHC) with its peers suggests the former has fared considerably weaker in the market. GEHC showed an intraday change of 6.76% in today’s session so far, and over the past year, it grew by 10.26%%.
Data on historical trading for GE HealthCare Technologies Inc (NASDAQ:GEHC) indicates that the trading volumes over the past 10 days have averaged 2.34 and over the past 3 months, they’ve averaged 2.91 million. According to company’s latest data on outstanding shares, there are 456.85 million shares outstanding.
Nearly 3.15% of GE HealthCare Technologies Inc’s shares belong to company insiders and institutional investors own 83.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.69 million shares as on 2025-01-31, resulting in a short ratio of 3.64. According to the data, the short interest in GE HealthCare Technologies Inc (GEHC) stood at 270.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 12.15 million. The stock has risen by 17.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GEHC stock heading into the next quarter.