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Is Baker Hughes Company (NASDAQ: BKR) a Risk-Worthy Bet for Bold Investors?

In the latest trading session, 0.85 million Baker Hughes Company (NASDAQ:BKR) shares changed hands as the company’s beta touched 1.51. With the company’s most recent per share price at $36.72 changing hands around $0.26 or 0.70% at last look, the market valuation stands at $37.60B. BKR’s current price is a discount, trading about -2.34% off its 52-week high of $37.58. The share price had its 52-week low at $20.42, which suggests the last value was 44.39% up since then. When we look at Baker Hughes Company’s average trading volume, we note the 10-day average is 8.26 million shares, with the 3-month average coming to 7.00 million.

Analysts gave the Baker Hughes Company (BKR) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 6 recommended BKR as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. Baker Hughes Company’s EPS for the current quarter is expected to be $0.4.

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Baker Hughes Company (NASDAQ:BKR) trade information

Instantly BKR is in green as seen in intraday trades today. With action -1.04%, the performance over the past five days has been red. The jump to weekly highs of 37.13 on Monday, 09/18/23 added 0.70% to the stock’s daily price. The company’s shares are showing year-to-date upside of 24.33%, with the 5-day performance at -1.04% in the red. However, in the 30-day time frame, Baker Hughes Company (NASDAQ:BKR) is 4.13% up. Looking at the short shares, we see there were 15.66 million shares sold at short interest cover period of 2.96 days.

The consensus price target for the stock as assigned by Wall Street analysts is $40.04, meaning bulls need an upside of 8.29% from its recent market value. According to analyst projections, BKR’s forecast low is $30.00 with $47.00 as the target high. To hit the forecast high, the stock’s price needs a -28.0% plunge from its current level, while the stock would need to tank 18.3% for it to hit the projected low.

Baker Hughes Company (BKR) estimates and forecasts

Data shows that the Baker Hughes Company share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 36.23% over the past 6 months, a 73.03% in annual growth rate that is considerably higher than the industry average of 19.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Baker Hughes Company will rise 53.80%, while the growth in revenue is estimated to hit 26.30% for the next quarter. Year-over-year growth is forecast to reach 20.40% up from the last financial year.

Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $6.53 billion. 18 analysts are of the opinion that Baker Hughes Company’s revenue for the quarter ending Dec 2023 will be $6.92 billion. The company’s revenue for the corresponding quarters a year ago was $5.43 billion and $5.91 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.20%. The estimates for the next quarter sales put growth at 17.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.90%. The 2023 estimates are for Baker Hughes Company earnings to decrease by -129.10%, but the outlook for the next 5-year period is at 43.30% per year.

BKR Dividends

Baker Hughes Company is expected to release its next quarterly earnings report on October 25. The 2.18% annual yield figure for the share gives it an annual dividend of 0.80. It is important to note, however, that the 2.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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