Baker Hughes Co (NASDAQ:BKR) shares, rose in value on Wednesday, May 07, with the stock price down by -0.25% to the previous day’s close as strong demand from buyers drove the stock to $36.31.
Actively observing the price movement in the last trading, the stock closed the session at $36.40. The PE ratio was 12.40 over 12-month period. Referring to stock’s 52-week performance, its high was $49.40, and the low was $30.93. On the whole, BKR has fluctuated by 1.68% over the past month.
With the market capitalization of Baker Hughes Co currently standing at about $35.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 2.42%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BKR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.49, with the price of BKR currently trading nearly -2.06% and -10.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.47, while the 7-day volatility ratio is showing 2.58% which for the 30-day chart, stands at 3.96%. Furthermore, Baker Hughes Co (BKR)’s beta value is 0.90, and its average true range (ATR) is 1.41.
A comparison of Baker Hughes Co (BKR) with its peers suggests the former has fared considerably weaker in the market. BKR showed an intraday change of -0.25% in last session, and over the past year, it grew by 13.75%%.
Data on historical trading for Baker Hughes Co (NASDAQ:BKR) indicates that the trading volumes over the past 3 months, they’ve averaged 8.27 million. According to company’s latest data on outstanding shares, there are 990.36 million shares outstanding.
Nearly 0.22% of Baker Hughes Co’s shares belong to company insiders and institutional investors own 94.77% of the company’s shares. The stock has fallen by -11.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BKR stock heading into the next quarter.
