Gilead Sciences, Inc. (GILD): A Great Stock For Handling Current Market Conditions?

Currently, there are 1.25B common shares owned by the public and among those 1.24B shares have been available to trade.

The company’s stock has a 5-day price change of 0.18% and 22.72% over the past three months. GILD shares are trading 3.62% year to date (YTD), with the 12-month market performance up to 12.01% higher. It has a 12-month low price of $62.07 and touched a high of $87.86 over the same period. GILD has an average intraday trading volume of 6.51 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 2.22%, 7.41%, and 13.88% respectively.

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Institutional ownership of Gilead Sciences, Inc. (NASDAQ: GILD) shares accounts for 84.89% of the company’s 1.25B shares outstanding.

It has a market capitalization of $104.50B and a beta (3y monthly) value of 0.20. The stock’s trailing 12-month PE ratio is 102.59, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 17.16 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 1.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.62% over the week and 1.79% over the month.

Earnings per share for the fiscal year are expected to decrease by -43.64%, and 90.08% over the next financial year. EPS should grow at an annualized rate of 5.98% 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. Raymond James stated their Outperform rating for the stock in a research note on July 08, 2024, with the firm’s price target at $93. Maxim Group coverage for the Gilead Sciences, Inc. (GILD) stock in a research note released on May 01, 2024 offered a Buy rating with a price target of $85. HSBC Securities was of a view on April 24, 2024 that the stock is Hold, while Truist gave the stock Hold rating on February 22, 2024, issuing a price target of $91- $82. Deutsche Bank on their part issued Hold rating on November 09, 2023.

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