Gilead Sciences Inc. [NASDAQ: GILD] closed the trading session at $68.35 on 08/02/21. The day’s price range saw the stock hit a low of $67.83, while the highest price level was $68.6456. The company report on July 30, 2021 that Gilead Sciences Announces Second Quarter 2021 Financial Results.
Second Quarter 2021 Product Sales Increased 21% Year-Over-Year Primarily Driven by Veklury.
Biktarvy Sales Increased 24% Year-Over-Year.
The stocks have a year to date performance of 17.32 percent and weekly performance of -0.58 percent. The stock has been moved at 4.99 percent over the last six months. The stock has performed -1.13 percent around the most recent 30 days and changed 3.88 percent over the most recent 3-months.
If compared to the average trading volume of 6.69M shares, GILD reached to a volume of 4214405 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Gilead Sciences Inc. [GILD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GILD shares is $74.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GILD stock is a recommendation set at 2.40. 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 Gilead Sciences Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 30, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $67 to $72. The new note on the price target was released on July 30, 2021, representing the official price target for Gilead Sciences Inc. stock. Previously, the target price had yet another raise to $80, while Bernstein analysts kept a Outperform rating on GILD stock.
The Average True Range (ATR) for Gilead Sciences Inc. is set at 1.02, with the Price to Sales ratio for GILD stock in the period of the last 12 months amounting to 3.29. The Price to Book ratio for the last quarter was 4.53, with the Price to Cash per share for the same quarter was set at 4.42. Price to Free Cash Flow for GILD in the course of the last twelve months was 21.54 with Quick ratio for the last quarter at 1.20.
GILD stock trade performance evaluation
Gilead Sciences Inc. [GILD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.58. With this latest performance, GILD shares dropped by -1.13% in over the last four-week period, additionally plugging by 4.99% over the last 6 months – not to mention a drop of -1.70% 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 GILD stock in for the last two-week period is set at 49.02, with the RSI for the last a single of trading hit 45.83, and the three-weeks RSI is set at 50.69 for Gilead Sciences Inc. [GILD]. The present Moving Average for the last 50 days of trading for this stock 67.91, while it was recorded at 69.09 for the last single week of trading, and 64.38 for the last 200 days.
Gilead Sciences Inc. [GILD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Gilead Sciences Inc. [GILD] shares currently have an operating margin of +42.38 and a Gross Margin at +81.70. Gilead Sciences Inc.’s Net Margin is presently recorded at +0.50.
Return on Total Capital for GILD is now 21.25, given the latest momentum, and Return on Invested Capital for the company is 0.27. Return on Equity for this stock inclined to 0.60, with Return on Assets sitting at 0.19. When it comes to the capital structure of this company, Gilead Sciences Inc. [GILD] has a Total Debt to Total Equity ratio set at 176.45. Additionally, GILD Total Debt to Total Capital is recorded at 63.83, with Total Debt to Total Assets ending up at 46.95. Long-Term Debt to Equity for the company is recorded at 160.71, with the Long-Term Debt to Total Capital now at 58.14.
Reflecting on the efficiency of the workforce at the company, Gilead Sciences Inc. [GILD] managed to generate an average of $9,044 per employee. Receivables Turnover for the company is 5.81 with a Total Asset Turnover recorded at a value of 0.38.Gilead Sciences Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Gilead Sciences Inc. [GILD] stock
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 GILD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gilead Sciences Inc. go to 1.30%.
Gilead Sciences Inc. [GILD]: Insider Ownership positions
There are presently around $66,990 million, or 80.60% of GILD stock, in the hands of institutional investors. The top three institutional holders of GILD stocks are: BLACKROCK INC. with ownership of 124,723,133, which is approximately 12.178% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 122,606,338 shares of the stock with an approximate value of $8.38 billion in GILD stocks shares; and VANGUARD GROUP INC, currently with $7.13 billion in GILD stock with ownership of nearly 1.437% of the company’s market capitalization.
Positions in Gilead Sciences Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 765 institutional holders increased their position in Gilead Sciences Inc. [NASDAQ:GILD] by around 65,235,113 shares. Additionally, 729 investors decreased positions by around 56,220,572 shares, while 188 investors held positions by with 858,642,178 shares. The mentioned changes placed institutional holdings at 980,097,863 shares, according to the latest SEC report filing. GILD stock had 127 new institutional investments in for a total of 8,866,341 shares, while 126 institutional investors sold positions of 8,010,840 shares during the same period.