General Dynamics Corp. (NYSE: GD)’s stock price has increased by 1.93 compared to its previous closing price of 290.20. However, the company has seen a 0.59% increase in its stock price over the last five trading sessions. fool.com reported 2024-08-25 that As conflicts bloom around the globe, demand for missiles — and missile engines to power them — is booming. One problem: Missile engine makers Northrop Grumman and L3Harris can’t keep up with demand.
Is It Worth Investing in General Dynamics Corp. (NYSE: GD) Right Now?
General Dynamics Corp. (NYSE: GD) has a price-to-earnings ratio of 23.06x that is above its average ratio. Additionally, the 36-month beta value for GD is 0.60. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for GD is 273.04M and currently, short sellers hold a 0.70% ratio of that float. The average trading volume of GD on August 28, 2024 was 1.01M shares.
GD’s Market Performance
GD stock saw an increase of 0.59% in the past week, with a monthly gain of 0.96% and a quarterly increase of 0.79%. The volatility ratio for the week is 0.90%, and the volatility levels for the last 30 days are 1.47% for General Dynamics Corp. (GD). The simple moving average for the last 20 days is 1.17% for GD stock, with a simple moving average of 6.78% for the last 200 days.
Analysts’ Opinion of GD
Many brokerage firms have already submitted their reports for GD stocks, with Morgan Stanley repeating the rating for GD by listing it as a “Overweight.” The predicted price for GD in the upcoming period, according to Morgan Stanley is $345 based on the research report published on August 09, 2024 of the current year 2024.
BTIG Research gave a rating of “Buy” to GD, setting the target price at $345 in the report published on June 26th of the current year.
GD Trading at 1.70% 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 -2.29% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 0.90%, as shares sank -0.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.67% upper at present.
During the last 5 trading sessions, GD rose by +0.59%, which changed the moving average for the period of 200-days by +23.20% in comparison to the 20-day moving average, which settled at $292.26. In addition, General Dynamics Corp. saw 13.92% 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 0.12. Equity return is now at value 17.08, with 6.53 for asset returns.
Based on General Dynamics Corp. (GD), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 27.83.
Currently, EBITDA for the company is 5.25 billion with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 2.02. The receivables turnover for the company is 3.83for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In conclusion, General Dynamics Corp. (GD) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
