The stock of GE HealthCare Technologies Inc (NASDAQ:GEHC) last traded at $87.35, up 0.17% from the previous session.
GEHC stock price is now -1.37% away from the 50-day moving average and 3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $39.89B.
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With the price target reduced from $84 to $74, UBS Downgraded its rating from Neutral to Sell for GE HealthCare Technologies Inc (NASDAQ: GEHC). On September 18, 2024, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $100, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Stacherski Kenneth R., Ch. Supply Chain & Serv. Ofc. sold 19,008 shares of the company’s stock on Aug 14 ’24. The stock was sold for $1,581,846 at an average price of $83.22. Upon completion of the transaction, the Ch. Supply Chain & Serv. Ofc. now directly owns 38,541 shares in the company, valued at $3.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14 ’24, Officer Kenneth Stacherski bought 19,008 shares of the business’s stock. A total of $1,572,774 was incurred on buying the stock at an average price of $82.74. A total of 3.16% of the company’s stock is owned by insiders.
During the past 12 months, GE HealthCare Technologies Inc has had a low of $65.77 and a high of $94.55. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 1.23, and a quick ratio of 0.98. According to the stock market information, the enterprise value for the company is $47285854208, which is based on a 23.95 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for GEHC is $88.5624 and a two-hundred day moving average price translates $84.06575 for the stock.
The latest earnings results from GE HealthCare Technologies Inc (NASDAQ: GEHC) was released for 2024-09-30. The net profit margin was 8.56% and return on equity was 21.70% for GEHC. The company reported revenue of $4.86 billion for the quarter, compared to $4.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.85 percent.
