Gilead Sciences Inc. (NASDAQ:GILD) saw a downside of -0.73% to close Tuesday at $80.08 after subtracting -$0.59 on the day. The 5-day average trading volume is 6,502,900 shares of the company’s common stock. It has gained $80.96 in the past week and touched a new high 3 times within the past 5 days. An average of 6,287,370 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,004,296.
GILD’s 1-month performance is 5.80% or $5.66 on its low of $74.45 reached on 07/10/23. The company’s shares have touched a 52-week low of $60.81 and high of $89.74, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, GILD has lost -6.72% or -$5.77 and has reached a new high 3 times. However, the current price is down -10.76% from the 52-week high price.
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Insider Transactions
GILD stock investors last saw insider trading activity on Jul 20.Dickinson Andrew D (Chief Financial Officer) most recently sold 5,000 shares at $80.00 per share on Jul 20. This transaction cost the insider $400,000. Chief Medical Officer, Parsey Merdad, sold 1,485 shares at a price of $76.90 on Jun 13. Then, on Mar 13, Chief Medical Officer Parsey Merdad sold 6,126 shares at a price of $78.99 per share. This transaction amounted to $483,893.
Valuation Metrics
GILD stock has a beta of 0.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.55 while the price-to-book (PB) in the most recent quarter is 4.76, with the price to cash flow ratio at 20.69.
Gilead Sciences Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.09, while the total debt to equity was 1.20.. In terms of profitability, the gross margin trailing 12 months is 79.20%. The trailing 12-month EBITDA margin is 47.48% while for the period ending June 29, Gilead Sciences Inc.’s operating margin was 27.10%. The firm’s gross profit as reported stood at $21.62 billion against revenue of $27.28 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Gilead Sciences Inc.’s cash and short-term investments amounted to $963.0 million against total debt of $25.25 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -9.47% to $1.04 billion, while revenue of $1.01 billion was 3.35% off the previous quarter. Analysts expected GILD to announce $1.49 per share in earnings in its latest quarter, but it posted $1.22, representing a -18.10% surprise. EBITDA for the quarter stood at more than $2.35 billion. GILD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 41.24 billion, with total debt at $25.25 billion. Shareholders hold equity totaling $1.25 billion.
Let’s look briefly at Gilead Sciences Inc. (GILD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 65.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.88%.
The stock’s 5-day moving average is $78.13, reflecting a +5.81% or $4.40 change from its current price. GILD is currently trading +5.20% above its 20-day SMA, +0.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.13% and SMA200 by+20.99%.
Stochastic %K and %D was 78.11% and 52.15% and the average true range (ATR) pointed at 1.86. The RSI (14) points at 61.06%, while the 14-day stochastic is at 82.59% with the period’s ATR at 1.72. The stock’s 9-day MACD Oscillator is pointing at 2.50 and 2.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gilead Sciences Inc. (NASDAQ: GILD), Barclays reiterated its an Equal weight rating for the company but lifted their price target by $81 to $80. Analysts offering their rating for GILD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GILD as a “sell,”, while 17 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.
What is GILD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $77.00 and a high of $116.00, with their median price target at $90.00. Looking at these predictions, the average price target given by analysts is for Gilead Sciences Inc. (GILD) stock is $90.87.
