The stock of Gilead Sciences, Inc. (NASDAQ:GILD) last traded at $79.13, down -0.72% from the previous session.
GILD stock price is now 7.86% away from the 50-day moving average and 8.10% away from the 200-day moving average. The market capitalization of the company currently stands at $98.52B.
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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, Mercier Johanna, Chief Commercial Officer sold 9,513 shares of the company’s stock on Aug 28 ’24. The stock was sold for $742,299 at an average price of $78.03. Upon completion of the transaction, the Chief Commercial Officer now directly owns 105,466 shares in the company, valued at $8.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28 ’24, Officer JOHANNA MERCIER bought 9,513 shares of the business’s stock. A total of $742,299 was incurred on buying the stock at an average price of $78.03. A total of 0.21% 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 1.28, a current ratio of 1.14, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $118710870016, which is based on a 96.71 price-to-earnings ratio, a 16.17 price-to-earnings-growth ratio, and a beta of 0.19. The fifty day moving average price for GILD is $73.3608 and a two-hundred day moving average price translates $73.20065 for the stock.
The latest earnings results from Gilead Sciences, Inc. (NASDAQ: GILD) was released for 2024-06-30. The net profit margin was 3.79% and return on equity was 5.34% for GILD. The company reported revenue of $6.95 billion for the quarter, compared to $6.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.38 percent. For the current quarter, analysts expect GILD to generate $6.97B in revenue.
