The price of Gilead Sciences, Inc. (NASDAQ:GILD) shares last traded on Wall Street rose 0.76% to $67.80.
GILD stock price is now -1.70% away from the 50-day moving average and -10.09% away from the 200-day moving average. The market capitalization of the company currently stands at $84.47B.
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With the price target reduced from $90 to $85, Maxim Group maintained Buy rating for Gilead Sciences, Inc. (NASDAQ: GILD). On April 24, 2024, HSBC Securities Upgraded its previous ‘Reduce’ rating to ‘Hold’ on the stock keeping its target price maintained at $69, while ‘Truist’ 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 $498.02 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 $6.53 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 $64.33 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 $103519846400, which is based on a 189.02 price-to-earnings ratio, a 35.10 price-to-earnings-growth ratio, and a beta of 0.23. The fifty day moving average price for GILD is $68.8256 and a two-hundred day moving average price translates $75.34495 for the stock.
The latest earnings results from Gilead Sciences, Inc. (NASDAQ: GILD) was released for 2024-03-31. According to the Drug Manufacturers – General Company, earnings per share came in at 1.34, missing analysts’ expectations of 1.64 by -0.3. This compares to $0.78 EPS in the same period last year. 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. For the current quarter, analysts expect GILD to generate $6.7B in revenue.
