The Street Is Finally Waking Up To GE HealthCare Technologies Inc (NASDAQ: GEHC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed GE HealthCare to Announce Fourth Quarter and Full Year 2023 Results on February 6, 2024.

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Stocks Info

GE HealthCare Technologies Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Health Information Services industry. At the end of the last regular session, the stock closed at $73.52 and fluctuated between $73.76 as its day high and $72.42 as its day low. The current market capitalization of GE HealthCare Technologies Inc is $33.47B. A total of 2.4 million shares were traded on the day, compared to an average of 2.67M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GEHC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 7,157 shares. Over the last 12 months, there were 44 BUYs and 26 SELLs from insiders. Insiders purchased 393,243 shares during that period but sold 28,872,583.

In the most recent transaction, O’Neill Kevin Michael sold 15,609 shares of GEHC for 77.32 per share on Jul 31. After the transaction, the CEO, PDx now owns 24,025 company shares. In a previous transaction on Jun 08, Rott Roland sold 2,473 shares at 77.37 per share. GEHC shares that CEO, Ultrasound owns now total 22,335.

Among the insiders who sold shares, Makela Jan disposed of 70,629 shares on Mar 14 at a per-share price of $77.69. This resulted in the CEO, Imaging holding 63,796 shares of GEHC after the transaction. In another insider transaction, CULP H LAWRENCE JR bought 748 shares at $69.26 per share on Jan 23. Company shares held by the Director now total 1,272.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. GE HealthCare Technologies Inc pays an annual dividend of $0.08, resulting in a dividend yield of 0.11%, and it has a price to earnings (P/E) ratio of 21.85. GEHC’s most recent ex-dividend date was 1/12/2024 when it declared a $0.03 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/19/2023. The GEHC stock dividend was $0.03 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, GEHC has a high of $87.83 and a low of $61.30.

As of this writing, GEHC has an earnings estimate of $Graham Holdings Company per share for the current quarter. EPS was calculated based on a consensus of GE HealthCare Technologies Inc. estimates, with a high estimate of $Great Elm Capital Corp. per share and a lower estimate of $Encompass Health Corporation.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GEHC’s latest balance sheet shows that the firm has $554.00M in Cash & Short Term Investments as of fiscal 2021. There were $437.00M in debt and $6.76B in liabilities at the time. Its Book Value Per Share was $15.66, while its Total Shareholder’s Equity was $16.90B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GEHC is Buy with a score of 3.83.

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