In yesterday’s Wall Street session, Gilead Sciences, Inc. (NASDAQ:GILD) shares traded at $65.20, down -1.12% from the previous session.
GILD stock price is now -8.34% away from the 50-day moving average and -14.55% away from the 200-day moving average. The market capitalization of the company currently stands at $81.30B.
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With the price target maintained at $69, HSBC Securities recently Upgraded its rating from Reduce to Hold for Gilead Sciences, Inc. (NASDAQ: GILD). On February 22, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $91 to quote $82, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, GILEAD SCIENCES, INC., 10% Owner bought 485,250 shares of the company’s stock on Apr 02 ’24. The stock was bought for $368,790 at an average price of $0.76. Upon completion of the transaction, the 10% Owner now directly owns 7,345,473 shares in the company, valued at $478.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Medical Officer Parsey Merdad sold 2,000 shares of the business’s stock. A total of $145,920 was realized by selling the stock at an average price of $72.96. This leaves the insider owning 96,304 shares of the company worth $6.28 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 $64.63 and a high of $87.86. As of last week, the company has a debt-to-equity ratio of 1.47, a current ratio of 0.98, and a quick ratio of 0.72.
The net profit margin was 1.77% and return on equity was 2.52% 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.
