Now Is A Suitable Moment For A Long-Term Purchase Of Gilead Sciences, Inc. (NASDAQ: GILD)

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 0.72% and 17.08% over the past three months. GILD shares are trading 5.94% year to date (YTD), with the 12-month market performance up to 10.52% 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 6.40 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 1.81%, 6.99%, and 16.03% 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 $106.85B and a beta (3y monthly) value of 0.20. The stock’s trailing 12-month PE ratio is 104.89, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 16.68 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 1.60% over the week and 1.55% over the month.

Earnings per share for the fiscal year are expected to decrease by -43.81%, and 91.86% over the next financial year. EPS should grow at an annualized rate of 6.29% 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. Wells Fargo stated their Overweight rating for the stock in a research note on October 07, 2024, with the firm’s price target at $78-$100. Raymond James coverage for the Gilead Sciences, Inc. (GILD) stock in a research note released on July 08, 2024 offered a Outperform rating with a price target of $93. Maxim Group was of a view on May 01, 2024 that the stock is Buy, while HSBC Securities gave the stock Hold rating on April 24, 2024, issuing a price target of $69. Truist on their part issued Hold rating on February 22, 2024.

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