GE HealthCare Technologies Inc (NASDAQ: GEHC) Could Achieve Gains In The Near Future

After Hours

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. Yahoo Finance discussed the stock recently as it posted GE HealthCare to Spotlight Industry-Leading AI-Enabled Portfolio and Digital Solutions at HIMSS 2024.

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Stocks Info

GE HealthCare Technologies Inc is listed on the NASDAQ in the Healthcare sector while operating in the Health Information Services industry. At the end of the last regular session, the stock closed at $92.66 and fluctuated between $93.55 as its day high and $91.99 as its day low. The current market capitalization of GE HealthCare Technologies Inc is $42.19B. A total of 2.99 million shares were traded on the day, compared to an average of 3.22M shares.

In the most recent transaction, O’Neill Kevin Michael sold 15,609 shares of GEHC for 77.32 per share on Jul 31 ’23. After the transaction, the CEO, PDx now owns 24,025 company shares. In a previous transaction on Jun 08 ’23, 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 ’23 at a per-share price of $77.69. This resulted in the CEO, Imaging holding 63,796 shares of GEHC after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. GE HealthCare Technologies Inc pays an annual dividend of $0.12, resulting in a dividend yield of 0.13%, and it has a price to earnings (P/E) ratio of 30.63. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, GEHC has a high of $94.08 and a low of $62.35.

As of this writing, GEHC has an earnings estimate of $0.9 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.96 per share and a lower estimate of $0.87. The company reported an EPS of $0.99 in the last quarter, which was 10.00% higher than expectations of $0.9.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $15.67, while its Total Shareholder’s Equity was $16.90B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 3.91.

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