A share price of General Dynamics Corp. [GD] is currently trading at $293.27, up 0.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GD shares have gain 3.21% over the last week, with a monthly amount drifted -0.19%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
General Dynamics Corp. [NYSE: GD] stock has seen the most recent analyst activity on June 26, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $345. Previously, Jefferies upgraded its rating to Buy on April 29, 2024, and elevated its price target to $335. On January 29, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $296 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $265 on October 11, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $271 as its price target on September 28, 2023. In a note dated December 08, 2022, Citigroup initiated an Buy rating and provided a target price of $298 on this stock.
General Dynamics Corp. experienced fluctuations in its stock price throughout the past year between $212.58 and $302.75. Currently, Wall Street analysts expect the stock to reach $280.31 within the next 12 months. General Dynamics Corp. [NYSE: GD] shares were valued at $293.27 at the most recent close of the market. An investor can expect a potential drop of -4.42% based on the average GD price forecast.
Analyzing the GD fundamentals
Trailing Twelve Months sales for General Dynamics Corp. [NYSE:GD] were 43.12B which represents 8.60% growth. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 291.13 points at the first support level, and at 288.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 295.46, and for the 2nd resistance point, it is at 297.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for General Dynamics Corp. [NYSE:GD] is 1.44. In addition, the Quick Ratio stands at 0.87 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 3.75 and price to earnings (TTM) ratio is 23.89.
Transactions by insiders
Recent insider trading involved Kuryea Kimberly A, Senior Vice President & CFO, that happened on May 21 ’24 when 13344.0 shares were sold. Vice President, Burns Mark Lagrand completed a deal on May 17 ’24 to sell 12089.0 shares. Meanwhile, Vice President and Controller Moss William A sold 21050.0 shares on May 13 ’24.
