Growing Through Challenges? – Gilead Sciences, Inc. (GILD)

Currently, there are 1.25B common shares owned by the public and among those 1.25B shares have been available to trade.

The company’s stock has a 5-day price change of -2.01% and -17.73% over the past three months. GILD shares are trading -19.24% year to date (YTD), with the 12-month market performance down to -21.88% lower. It has a 12-month low price of $65.09 and touched a high of $87.86 over the same period. GILD has an average intraday trading volume of 7.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.75%, -8.42%, and -14.39% respectively.

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Institutional ownership of Gilead Sciences, Inc. (NASDAQ: GILD) shares accounts for 85.74% of the company’s 1.25B shares outstanding.

It has a market capitalization of $81.58B and a beta (3y monthly) value of 0.23. The stock’s trailing 12-month PE ratio is 182.38, while the earnings-per-share (ttm) stands at $0.36. The company has a PEG of 33.92 and a Quick Ratio of 0.72 with the debt-to-equity ratio at 1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.09% over the week and 1.61% over the month.

Analysts forecast that Gilead Sciences, Inc. (GILD) will achieve an EPS of $1.69 for the current quarter, $1.91 for the next quarter and $7.3 for 2025. The lowest estimate earnings-per-share for the quarter is $1.41 while analysts give the company a high EPS estimate of $2.05. Comparatively, EPS for the current quarter was $1.34 a year ago. Earnings per share for the fiscal year are expected to decrease by -43.88%, and 90.58% over the next financial year. EPS should grow at an annualized rate of 5.38% over the next five years, compared to 1.55% over the past 5-year period.

Looking at the support for the GILD, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on April 24, 2024, with the firm’s price target at $69. Truist coverage for the Gilead Sciences, Inc. (GILD) stock in a research note released on February 22, 2024 offered a Hold rating with a price target of $82. Deutsche Bank was of a view on November 09, 2023 that the stock is Hold, while BofA Securities gave the stock Buy rating on September 08, 2023, issuing a price target of $88- $95. HSBC Securities on their part issued Reduce rating on September 06, 2023.

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