Gilead Sciences, Inc. (NASDAQ:GILD) shares, rose in value, with the stock price down by -0.57% to the previous day’s close as strong demand from buyers drove the stock to $79.00.
Actively observing the price movement in the last trading, the stock closed the session at $79.45, falling within a range of $78.6 and $80.25. The value of beta (5-year monthly) was 0.199 whereas the PE ratio was 96.55 over 12-month period. Referring to stock’s 52-week performance, its high was $87.86, and the low was $62.07. On the whole, GILD has fluctuated by 3.28% over the past month.
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With the market capitalization of Gilead Sciences, Inc. currently standing at about $98.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07. The company’s Forward Dividend Ratio is 3.04, with its dividend yield at 3.85%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.71B, with a low estimate of 6.79B and a high estimate of 7.39B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.97B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GILD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 75% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 16.15, with the price of GILD currently trading nearly 4.83% and 8.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.78, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 2.03%. Furthermore, Gilead Sciences, Inc. (GILD)’s beta value is 0.19, and its average true range (ATR) is 1.53.
A comparison of Gilead Sciences, Inc. (GILD) with its peers suggests the former has fared considerably weaker in the market. GILD showed an intraday change of -0.57% in last session, and over the past year, it grew by 1.73%%.
Data on historical trading for Gilead Sciences, Inc. (NASDAQ:GILD) indicates that the trading volumes over the past 10 days have averaged 4.76 and over the past 3 months, they’ve averaged 7.14 million. According to company’s latest data on outstanding shares, there are 1.25 billion shares outstanding.
Nearly 0.21% of Gilead Sciences, Inc.’s shares belong to company insiders and institutional investors own 84.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.77 million shares as on 2024-08-15, resulting in a short ratio of 2.61. According to the data, the short interest in Gilead Sciences, Inc. (GILD) stood at 135.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 21.25 million. The stock has fallen by -2.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GILD stock heading into the next quarter.
