The price-to-earnings ratio for General Dynamics Corp. (NYSE: GD) is 23.09x, which is above its average ratio. Moreover, the 36-month beta value for GD is 0.61. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 8 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for GD is 273.04M and currently, short sellers hold a 0.70% of that float. On September 05, 2024, GD’s average trading volume was 1.05M shares.
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GD) stock’s latest price update
The stock price of General Dynamics Corp. (NYSE: GD) has surged by 0.62 when compared to previous closing price of 294.35, but the company has seen a -0.16% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-04 that General Dynamics (GD) concluded the recent trading session at $294.35, signifying a -0.19% move from its prior day’s close.
GD’s Market Performance
General Dynamics Corp. (GD) has seen a -0.16% fall in stock performance for the week, with a 3.78% gain in the past month and a -1.10% plunge in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 1.36% for GD. The simple moving average for the last 20 days is 0.82% for GD stock, with a simple moving average of 6.42% 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 1.86% 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 -2.17% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +2.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.01% lower at present.
During the last 5 trading sessions, GD fell by -0.47%, which changed the moving average for the period of 200-days by +20.39% in comparison to the 20-day moving average, which settled at $294.17. In addition, General Dynamics Corp. saw 14.05% 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 2.03. 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
To wrap up, the performance of General Dynamics Corp. (GD) has been mixed in recent times. The stock has received a bullish of “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.
