The price of GE HealthCare Technologies Inc (NASDAQ:GEHC) shares last traded on Wall Street fell -3.42% to $82.00.
GEHC stock price is now -7.27% away from the 50-day moving average and -3.34% away from the 200-day moving average. The market capitalization of the company currently stands at $37.46B.
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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, Rott Roland, CEO, Imaging sold 3,577 shares of the company’s stock on Nov 06 ’24. The stock was sold for $309,339 at an average price of $86.48. Upon completion of the transaction, the CEO, Imaging now directly owns 24,298 shares in the company, valued at $1.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer Roland Rott bought 3,577 shares of the business’s stock. A total of $309,330 was incurred on buying the stock at an average price of $86.48. A total of 3.15% of the company’s stock is owned by insiders.
During the past 12 months, GE HealthCare Technologies Inc has had a low of $66.39 and a high of $94.55. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 1.19, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $46166515712, which is based on a 22.46 price-to-earnings ratio, a 2.19 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for GEHC is $88.5424 and a two-hundred day moving average price translates $84.8337 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.
