The stock of General Dynamics Corp. (NYSE: GD) has decreased by -0.50 when compared to last closing price of 298.01. Despite this, the company has experienced a 0.26% gain in its stock price over the last five trading sessions. zacks.com reported 2024-05-23 that General Dynamics (GD) is set to provide technical support for the Abrams tank system.
Is It Worth Investing in General Dynamics Corp. (NYSE: GD) Right Now?
The price-to-earnings ratio for General Dynamics Corp. (NYSE: GD) is above average at 24.16x, Company’s 36-month beta value is 0.63.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 8 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for GD is 272.64M, and currently, short sellers hold a 0.74% ratio of that floaft. The average trading volume of GD on May 24, 2024 was 994.57K shares.
GD’s Market Performance
The stock of General Dynamics Corp. (GD) has seen a 0.26% increase in the past week, with a 5.48% rise in the past month, and a 8.32% gain in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.19% for GD. The simple moving average for the last 20 days is 1.40% for GD stock, with a simple moving average of 15.82% for the last 200 days.
Analysts’ Opinion of GD
Many brokerage firms have already submitted their reports for GD stocks, with Jefferies repeating the rating for GD by listing it as a “Buy.” The predicted price for GD in the upcoming period, according to Jefferies is $335 based on the research report published on April 29, 2024 of the current year 2024.
Alembic Global Advisors, on the other hand, stated in their research note that they expect to see GD reach a price target of $296. The rating they have provided for GD stocks is “Neutral” according to the report published on January 29th, 2024.
UBS gave a rating of “Neutral” to GD, setting the target price at $265 in the report published on October 11th of the previous year.
GD Trading at 2.95% from the 50-Day Moving Average
After a stumble in the market that brought GD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.65% of loss for the given period.
Volatility was left at 1.19%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +4.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.68% upper at present.
During the last 5 trading sessions, GD rose by +0.26%, which changed the moving average for the period of 200-days by +32.10% in comparison to the 20-day moving average, which settled at $293.00. In addition, General Dynamics Corp. saw 14.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GD starting from Kuryea Kimberly A, who sale 13,344 shares at the price of $298.16 back on May 21 ’24. After this action, Kuryea Kimberly A now owns 79,255 shares of General Dynamics Corp., valued at $3,978,624 using the latest closing price.
Burns Mark Lagrand, the Vice President of General Dynamics Corp., sale 12,089 shares at $296.59 during a trade that took place back on May 17 ’24, which means that Burns Mark Lagrand is holding 64,132 shares at $3,585,477 based on the most recent closing price.
Stock Fundamentals for GD
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.16 for the gross margin
The net margin for General Dynamics Corp. stands at 0.08. The total capital return value is set at 0.11. Equity return is now at value 16.71, with 6.31 for asset returns.
Based on General Dynamics Corp. (GD), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 17.23.
Currently, EBITDA for the company is 5.25 billion with net debt to EBITDA at 1.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.12. The receivables turnover for the company is 3.7for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
In a nutshell, General Dynamics Corp. (GD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
