Taking a Fresh Look at Baker Hughes, a GE company (BHGE)

Baker Hughes, a GE company (BHGE) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $32.84, up from yesterday’s close by 0.83%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Baker Hughes, a GE company (BHGE) currently trades with a market capitalization of $36.49 Billion. That value represents a market adjusting for revenues that have been growing by 139.13 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$1.46 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.06 on a per share basis this quarter. Perhaps, that suggests something about why 0.09% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how BHGE has been acting. Looking at the stock’s movement on the chart, Baker Hughes, a GE company recorded a 52-week high of $42.33. It is now trading 9.49% off that level. The stock is trading $28.94 its 50-day moving average by -3.9%. The stock carved out a 52-week low down at $25.53.

In recent action, Baker Hughes, a GE company (BHGE) has made a move of +6.21% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.74% with $415.30 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BHGE.

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