Home  »  Business   »  General Dynamics Corporation (NYSE:GD) Stock: Inve...

General Dynamics Corporation (NYSE:GD) Stock: Investors Must See This

General Dynamics Corporation (NYSE:GD) price closed higher on Friday, July 01, jumping 1.18% above its previous close.

A look at the daily price movement shows that the last close reads $221.25, with intraday deals fluctuated between $219.735 and $224.48. The company’s 5Y monthly beta was ticking 0.99 while its P/E ratio in the trailing 12-month period read 19.17. Taking into account the 52-week price action we note that the stock hit a 52-week high of $254.99 and 52-week low of $182.66. The stock subtracted -1.04% on its value in the past month.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

General Dynamics Corporation, which has a market valuation of $61.44 billion, is expected to release its quarterly earnings report Apr 26, 2022 – May 02, 2022. The company stock has a Forward Dividend ratio of 5.04, while the dividend yield is 2.25%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking GD have forecast the quarterly EPS to grow by 2.73 per share this quarter, while the same analysts predict the annual EPS to hit $12.15 for the year 2022 and up to $14.1 for 2023. In this case, analysts estimate an annual EPS growth of 5.20% for the year and 16.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $9.45 billion, with the likely lows of $9.27 billion and highs of $9.59 billion. Staying with the analyst view, there is a consensus estimate of $39.46 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 2.60% above that which the company brought in 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GD a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 18 analysts have assigned GD a recommendation rating as follows: 5 rate it as a Hold; 10 advise Buy while 2 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the General Dynamics Corporation (GD) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.63. The overview shows that GD’s price is at present 0.91% off the SMA20 and -1.43% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.08, with weekly volatility standing at 2.43%. The indicator jumps to 2.34% when calculated based on the past 30 days. General Dynamics Corporation (NYSE:GD)’s beta value is holding at 0.90, while the average true range (ATR) indicator is currently reading 5.26. Considering analysts have assigned the stock a price target range of $221.00-$305.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $267.27. Based on this estimate, we see that current price is roughly 1.28% off the estimated low and -36.25% off the forecast high. Investors will no doubt be excited to see the share price fall to $272.00, which is the median consensus price, and at that level GD would be -21.5% from current price.

Turning out attention to how the General Dynamics Corporation stock has performed in comparison to its peers in the industry, here’s what we find: GD’s stock is 1.18% on the day and 19.04% in the past 12 months, while Raytheon Technologies Corporation (RTX) traded 0.95% in the last session and was positioned 12.53% up on its price 12 months ago. Another comparison is with The Boeing Company (BA) whose stock price was up 2.28% in the last trading session, and has flourished -41.67% over the past year. Also, Lockheed Martin Corporation (LMT) showed up trend of 0.83% while its price kept floating at 14.02% over the past year. As for General Dynamics Corporation, the P/E ratio stands at 19.17 lower than that of Raytheon Technologies Corporation’s at 34.61. Elsewhere in the market, the S&P 500 Index has rallied 1.06% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 1.05%.

An analysis of the General Dynamics Corporation (NYSE:GD) stock in terms of its daily trading volume indicates that the 3-month average is 1.43 million.

Current records show that the company has 277.07M in outstanding shares. The insiders’ percentage holdings are 0.60% of outstanding shares while the percentage share held by institutions stands at 86.60%. But the 7.38% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]