Do Baker Hughes Company (BKR) beta value of 1.70 signposts another twist?

Baker Hughes Company (BKR) is priced at $14.60 after the most recent trading session. At the very opening of the session, the stock price was $14.55 and reached a high price of $14.85, prior to closing the session it reached the value of $14.55. The stock touched a low price of $14.30.

Recently in News on September 4, 2020, Baker Hughes Announces August 2020 Rig Counts. Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for August 2020 was 747 up 4 from the 743 counted in July 2020, and down 391 from the 1,138 counted in August 2019. The international offshore rig count for August 2020 was 184, up 1 from the 183 counted in July 2020, and down 60 from the 244 counted in August 2019. You can read further details here

Baker Hughes Company had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.99 on 01/03/20, with the lowest value was $9.12 for the same time period, recorded on 03/23/20.

Baker Hughes Company (BKR) full year performance was -38.14%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Baker Hughes Company shares are logging -43.82% during the 52-week period from high price, and 60.09% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.12 and $25.99.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2117835 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Baker Hughes Company (BKR) recorded performance in the market was -43.23%, having the revenues showcasing -18.03% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 14.97B, as it employees total of 60000 workers.

Analysts verdict on Baker Hughes Company (BKR)

During the last month, 20 analysts gave the Baker Hughes Company a BUY rating, 4 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.41, with a change in the price was noted +1.76. In a similar fashion, Baker Hughes Company posted a movement of +13.63% for the period of last 100 days, recording 6,303,005 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BKR is recording 0.44 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.39.

Baker Hughes Company (BKR): Technical Analysis

Raw Stochastic average of Baker Hughes Company in the period of last 50 days is set at 25.81%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 25.81%. In the last 20 days, the company’s Stochastic %K was 20.39% and its Stochastic %D was recorded 13.26%.

Let’s take a glance in the erstwhile performances of Baker Hughes Company, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -43.23%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -9.51%, alongside a downfall of -38.14% for the period of the last 12 months. The shares increased approximately by -1.22% in the 7-day charts and went up by -13.19% in the period of the last 30 days. Common stock shares were lifted by -18.03% during last recorded quarter.