General Dynamics Corporation [NYSE: GD] plunged by -$5.43 during the normal trading session on Wednesday and reaching a high of $162.81 during the day while it closed the day at $158.05. General Dynamics Corporation stock has also gained 1.82% of its value over the past 7 days. However, GD stock has inclined by 6.47% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.71% and lost -10.38% year-on date.
The market cap for GD stock reached $43.90 billion, with 288.57 million shares outstanding and 266.61 million shares in the current float. Compared to the average trading volume of 2.27M shares, GD reached a trading volume of 1183527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about General Dynamics Corporation [GD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GD shares is $169.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GD stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for General Dynamics Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 21, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on May 19, 2020, representing the official price target for General Dynamics Corporation stock. Previously, the target price had yet another drop from $185 to $170, while Citigroup kept a Buy rating on GD stock.
The Average True Range (ATR) for General Dynamics Corporation is set at 4.94, with the Price to Sales ratio for GD stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 19.19. Price to Free Cash Flow for GD in the course of the last twelve months was 49.89 with Quick ratio for the last quarter at 1.00.
GD stock trade performance evaluation
General Dynamics Corporation [GD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.82. With this latest performance, GD shares gained by 18.12% in over the last four-week period, additionally sinking by -13.71% over the last 6 months – not to mention a drop of -6.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GD stock in for the last two-week period is set at 62.06, with the RSI for the last a single of trading hit 61.45, and the three-weeks RSI is set at 59.86 for General Dynamics Corporation [GD]. The present Moving Average for the last 50 days of trading for this stock 138.06, while it was recorded at 161.72 for the last single week of trading, and 166.30 for the last 200 days.
General Dynamics Corporation [GD]: An insightful look at the core fundamentals
General Dynamics Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for General Dynamics Corporation [GD] stock
With the latest financial reports released by the company, General Dynamics Corporation posted 2.77/share EPS, while the average EPS was predicted by analysts to be reported at 2.68/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for General Dynamics Corporation go to 4.34%.