General Dynamics Corp. (GD) concluded trading on Wednesday at a closing price of $284.67, with 3.09 million shares of worth about $881.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.16% during that period and on July 24, 2024 the price saw a loss of about -3.32%. Currently the company’s common shares owned by public are about 273.60M shares, out of which, 272.62M shares are available for trading.
Stock saw a price change of -2.51% in past 5 days and over the past one month there was a price change of -4.64%. Year-to-date (YTD), GD shares are showing a performance of 9.63% which increased to 30.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $213.47 but also hit the highest price of $302.75 during that period. The average intraday trading volume for General Dynamics Corp. shares is 1.03 million. The stock is currently trading -1.14% below its 20-day simple moving average (SMA20), while that difference is down -2.89% for SMA50 and it goes to 5.32% higher than SMA200.
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General Dynamics Corp. (NYSE: GD) currently have 273.60M outstanding shares and institutions hold larger chunk of about 87.58% of that.
The stock has a current market capitalization of $78.10B and its 3Y-monthly beta is at 0.60. PE ratio of stock for trailing 12 months is 23.19, while it has posted earnings per share of $12.27 in the same period. Its PEG reads 1.59 and has Quick Ratio of 0.87 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GD, volatility over the week remained 1.97% while standing at 1.44% over the month.
Stock’s fiscal year EPS is expected to rise by 20.92% while it is estimated to increase by 12.66% in next year. EPS is likely to grow at an annualized rate of 14.58% for next 5-years, compared to annual growth of 1.46% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on June 26, 2024 offering a Buy rating for the stock and assigned a target price of $345 to it. Coverage by Jefferies stated General Dynamics Corp. (GD) stock as a Buy in their note to investors on April 29, 2024, suggesting a price target of $335 for the stock. On January 29, 2024, Alembic Global Advisors Downgrade their recommendations, while on October 11, 2023, UBS Initiated their ratings for the stock with a price target of $265. Stock get a Buy rating from Deutsche Bank on September 28, 2023.
