The stock of Baker Hughes Co (NASDAQ:BKR) last traded at $36.74, up 1.16% from the previous session.
BKR stock price is now 3.67% away from the 50-day moving average and 10.58% away from the 200-day moving average. The market capitalization of the company currently stands at $36.50B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $40 to $42, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Baker Hughes Co (NASDAQ: BKR). On July 29, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $46 to quote $50, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Simonelli Lorenzo, Chairman, President and CEO sold 114,286 shares of the company’s stock on Aug 08 ’24. The stock was sold for $4,000,010 at an average price of $35.00. Upon completion of the transaction, the Chairman, President and CEO now directly owns 502,053 shares in the company, valued at $18.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Officer Simonelli Lorenzo bought 114,286 shares of the business’s stock. A total of $4,000,010 was incurred on buying the stock at an average price of $35.00. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Baker Hughes Co has had a low of $28.32 and a high of $39.05. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.27, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $40261353472, which is based on a 18.60 price-to-earnings ratio, a 0.50 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for BKR is $35.3874 and a two-hundred day moving average price translates $33.2121 for the stock.
The latest earnings results from Baker Hughes Co (NASDAQ: BKR) was released for 2024-06-30. The net profit margin was 7.37% and return on equity was 12.97% for BKR. The company reported revenue of $7.14 billion for the quarter, compared to $6.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.05 percent.
