The price of GSK Plc ADR (NYSE:GSK) shares last traded on Wall Street fell -3.04% to $37.01.
GSK stock price is now -9.38% away from the 50-day moving average and -10.16% away from the 200-day moving average. The market capitalization of the company currently stands at $75.48B.
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On May 30, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $47, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, GSK plc, 10% Owner bought 2,791,930 shares of the company’s stock on Sep 27 ’24. The stock was bought for $22,335,440 at an average price of $8.00. Upon completion of the transaction, the 10% Owner now directly owns 16,775,691 shares in the company, valued at $620.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07 ’23, 10% Owner GSK plc bought 3,300,000 shares of the business’s stock. A total of $16,500,000 was incurred on buying the stock at an average price of $5.00. This leaves the insider owning 13,983,761 shares of the company worth $517.54 million. A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, GSK Plc ADR has had a low of $33.67 and a high of $45.92. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 0.82, and a quick ratio of 0.54. According to the stock market information, the enterprise value for the company is $169053437952, which is based on a 14.95 price-to-earnings ratio, a 2.31 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for GSK is $40.8418 and a two-hundred day moving average price translates $41.1964 for the stock.
The latest earnings results from GSK Plc ADR (NYSE: GSK) was released for 2024-06-30. The net profit margin was 12.87% and return on equity was 29.70% for GSK. The company reported revenue of $9.95 billion for the quarter, compared to $8.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.71 percent.
