BAKER HUGHES CO (NASDAQ:BKR) is a candidate for high growth investors. Here's why.

Our stockscreener has identified a possible breakout setup on BAKER HUGHES CO (NASDAQ:BKR). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:BKR for potential opportunities.

Insights from Technical Analysis

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 7 out of 10 to BKR. Although BKR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

• Both the short term and long term trends are positive. This is a very positive sign.
• BKR is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 77% of 59 stocks in the same industry.
• BKR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BKR is lagging the market slightly.
• In the last month BKR has a been trading in the 32.86 - 38.30 range, which is quite wide. It is currently trading near the high of this range.
• When compared to the yearly performance of all other stocks, BKR outperforms 48% of them, which is more or less in line with the market.

Our latest full technical report of BKR contains the most current technical analsysis.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:BKR scores a 7 out of 10:

Although BKR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Some of the high growth metrics of NASDAQ:BKR highlighted

• BAKER HUGHES CO has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 46.15% increase. This indicates improving financial performance and the company's effective management of its operations.
• Over the past 3 years, BAKER HUGHES CO has demonstrated 276.0% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• Over the past 3 months, analysts have adjusted their EPS Estimate for BAKER HUGHES CO with a 12.25% change. This highlights the evolving outlook on the company's EPS potential.
• The recent financial report of BAKER HUGHES CO demonstrates a 46.15% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• BAKER HUGHES CO has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• The free cash flow (FCF) of BAKER HUGHES CO has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• With a favorable Return on Equity (ROE) of 12.79%, BAKER HUGHES CO demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• With a Debt-to-Equity ratio at 0.38, BAKER HUGHES CO showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With institutional shareholders at 0.0%, BAKER HUGHES CO demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• BAKER HUGHES CO has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.