Gilead Sciences, Inc (NASDAQ:GILD) shares, rose in value, with the stock price down by -1.87% to the previous day’s close as strong demand from buyers drove the stock to $90.65.
Actively observing the price movement in the recent trading, the stock is buoying the session at $92.38, falling within a range of $89.15 and $91.82. The value of beta (5-year monthly) is 0.192 whereas the PE ratio is 1021.98 over 12-month period. Referring to stock’s 52-week performance, its high was $98.90, and the low was $62.07. On the whole, GILD has fluctuated by -2.14% over the past month.
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With the market capitalization of Gilead Sciences, Inc currently standing at about $112.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 3.06, with its dividend yield at 3.38%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 28.3B, with a low estimate of 6.8B and a high estimate of 7.49B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.16B.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 136.26, with the price of GILD currently trading nearly -0.49% and 0.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.20, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 2.22%. Furthermore, Gilead Sciences, Inc (GILD)’s beta value is 0.20, and its average true range (ATR) is 2.12.
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 -1.87% in today’s session so far, and over the past year, it grew by 9.10%%.
Data on historical trading for Gilead Sciences, Inc (NASDAQ:GILD) indicates that the trading volumes over the past 10 days have averaged 6.79 and over the past 3 months, they’ve averaged 6.78 million. According to company’s latest data on outstanding shares, there are 1.25 billion shares outstanding.
Nearly 0.10% of Gilead Sciences, Inc’s shares belong to company insiders and institutional investors own 85.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.41 million shares as on 2024-11-29, resulting in a short ratio of 3.21. According to the data, the short interest in Gilead Sciences, Inc (GILD) stood at 188.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 17.74 million. The stock has risen by 11.90% 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.
