The price of Baker Hughes Co (NASDAQ:BKR) shares last traded on Wall Street rose 1.29% to $44.88.
BKR stock price is now 17.11% away from the 50-day moving average and 30.35% away from the 200-day moving average. The market capitalization of the company currently stands at $44.41B.
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
On September 25, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $40 to quote $42, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Buese Nancy, EVP & Chief Financial Officer sold 10,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $406,900 at an average price of $40.69. Upon completion of the transaction, the EVP & Chief Financial Officer now directly owns 26,817 shares in the company, valued at $1.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer Buese Nancy bought 10,000 shares of the business’s stock. A total of $405,101 was incurred on buying the stock at an average price of $40.51. 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 $44.49. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.30, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $47371886592, which is based on a 20.10 price-to-earnings ratio, a 0.54 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for BKR is $38.0926 and a two-hundred day moving average price translates $34.3511 for the stock.
The latest earnings results from Baker Hughes Co (NASDAQ: BKR) was released for 2024-09-30. The net profit margin was 8.20% and return on equity was 14.24% for BKR. The company reported revenue of $6.91 billion for the quarter, compared to $6.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.02 percent.
