A better buy-in window may exist right now for GE HealthCare Technologies Inc. (GEHC)

GE HealthCare Technologies Inc. (NASDAQ: GEHC) stock jumped 0.12% on Tuesday to $69.60 against a previous-day closing price of $69.52. With 2.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.24 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $70.62 whereas the lowest price it dropped to was $68.71. The 52-week range on GEHC shows that it touched its highest point at $69.91 and its lowest point at $53.00 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GEHC was up-trending over the past week, with a rise of 9.90%, but this was up by 22.19% over a month.

Float and Shares Shorts:

At present, 453.93 million GEHC shares are outstanding with a float of 453.29 million shares on hand for trading.

Institutional Ownership:

Other institutions hold 20.02% of GEHC, in contrast to 0.54% held by mutual funds. Shares owned by individuals account for -0.43%. As the largest shareholder in GEHC with 0.07% of the stake, Capital Research & Management Co. holds 309,603 shares worth 309,603. A second-largest stockholder of GEHC, State Street Global Advisors Trus, holds 80,982 shares, controlling over 0.02% of the firm’s shares. Danske Bank A/S is the third largest shareholder in GEHC, holding 26,510 shares or 0.01% stake. With a 0.23% stake in GEHC, the T Rowe Price Capital Appreciation is the largest stakeholder. A total of 1,037,059 shares are owned by the mutual fund manager. The T Rowe Price Value Fund, which owns about 0.12% of GEHC stock, is the second-largest Mutual Fund holder. It holds 528,005 shares valued at 30.82 million. Bridge Builder Large Cap Value Fu holds 0.07% of the stake in GEHC, owning 327,584 shares worth 19.12 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GEHC since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GEHC will report FY 2023 earnings on 01/09/2024. Analysts have provided yearly estimates in a range of $3.84 being high and $1.69 being low. For GEHC, this leads to a yearly average estimate of $2.77.

Summary of Insider Activity:

Insiders traded GEHC stock several times over the past three months with 11 Buys and 1 Sells. In these transactions, 654,042 shares were bought while 363,594,837 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 654,042 while 363,594,837 shares were sold.

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