In yesterday’s Wall Street session, Gilead Sciences, Inc. (NASDAQ:GILD) shares traded at $73.25, up 0.33% from the previous session.
GILD stock price is now -2.87% away from the 50-day moving average and -5.18% away from the 200-day moving average. The market capitalization of the company currently stands at $91.25B.
With the price target reduced from $91 to $82, Truist Downgraded its rating from Buy to Hold for Gilead Sciences, Inc. (NASDAQ: GILD). On November 09, 2023, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $75, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Parsey Merdad, Chief Medical Officer sold 8,230 shares of the company’s stock on Feb 29 ’24. The stock was sold for $598,624 at an average price of $72.74. Upon completion of the transaction, the Chief Medical Officer now directly owns 92,706 shares in the company, valued at $6.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, Chief Medical Officer Parsey Merdad sold 2,000 shares of the business’s stock. A total of $146,360 was realized by selling the stock at an average price of $73.18. This leaves the insider owning 100,936 shares of the company worth $7.39 million. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, Gilead Sciences, Inc. has had a low of $71.37 and a high of $87.86. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 1.43, and a quick ratio of 1.27. According to the stock market information, the enterprise value for the company is $108.96B, which is based on a 16.26 price-to-earnings ratio, a 3.18 price-to-earnings-growth ratio, and a beta of 0.20. The fifty day moving average price for GILD is $75.15 and a two-hundred day moving average price translates $77.23 for the stock.
The latest earnings results from Gilead Sciences, Inc. (NASDAQ: GILD) was released for Dec, 2023. According to the Drug Manufacturers – General Company, earnings per share came in at $1.59, missing analysts’ expectations of $1.63 by -0.04. This compares to $1.29 EPS in the same period last year. The net profit margin was 20.93% and return on equity was 25.71% for GILD. The company reported revenue of $7.11 billion for the quarter, compared to $7.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.72 percent. For the current quarter, analysts expect GILD to generate $6.37B in revenue.
