Is Gilead Sciences, Inc. [GILD] a good investment? Don’t be fooled by its recent momentum

The price of Gilead Sciences, Inc. (NASDAQ:GILD) shares last traded on Wall Street rose 0.31% to $67.76.

GILD stock price is now 2.45% away from the 50-day moving average and -8.05% away from the 200-day moving average. The market capitalization of the company currently stands at $84.42B.

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With the price target maintained at $93, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Gilead Sciences, Inc. (NASDAQ: GILD). On May 01, 2024, Maxim Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $90 to quote $85, while ‘HSBC Securities’ rates the stock as ‘Hold’

In other news, Parsey Merdad, Chief Medical Officer sold 2,000 shares of the company’s stock on Jul 01 ’24. The stock was sold for $137,260 at an average price of $68.63. Upon completion of the transaction, the Chief Medical Officer now directly owns 96,380 shares in the company, valued at $6.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, 10% Owner GILEAD SCIENCES, INC. bought 485,250 shares of the business’s stock. A total of $368,790 was incurred on buying the stock at an average price of $0.76. This leaves the insider owning 7,345,473 shares of the company worth $497.73 million. A total of 0.09% of the company’s stock is owned by insiders.

During the past 12 months, Gilead Sciences, Inc. has had a low of $62.07 and a high of $87.86. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 1.08, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $104005009408, which is based on a 188.90 price-to-earnings ratio, a 35.08 price-to-earnings-growth ratio, and a beta of 0.20. The fifty day moving average price for GILD is $66.1894 and a two-hundred day moving average price translates $73.6482 for the stock.

The latest earnings results from Gilead Sciences, Inc. (NASDAQ: GILD) was released for 2024-03-31. The net profit margin was 1.77% and return on equity was 2.51% for GILD. The company reported revenue of $6.69 billion for the quarter, compared to $6.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.26 percent.

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