At the time of writing, General Dynamics Corp. [GD] stock is trading at $299.61, down -1.42%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GD shares have lost -0.29% over the last week, with a monthly amount glided 1.79%, and 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 October 01, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $317 from $334. Previously, Morgan Stanley upgraded its rating to Overweight on August 09, 2024, and elevated its price target to $345. On July 29, 2024, downgrade downgraded it’s rating to Hold. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $345 on June 26, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $335 on April 29, 2024. Alembic Global Advisors downgraded its rating to Neutral for this stock on January 29, 2024, but kept the price target unchanged to $296. In a note dated October 11, 2023, UBS initiated an Neutral rating and provided a target price of $265 on this stock.
For the past year, the stock price of General Dynamics Corp. fluctuated between $214.53 and $309.97. Currently, Wall Street analysts expect the stock to reach $300.71 within the next 12 months. General Dynamics Corp. [NYSE: GD] shares were valued at $299.61 at the most recent close of the market. An investor can expect a potential return of 0.37% based on the average GD price forecast.
Analyzing the GD fundamentals
According to General Dynamics Corp. [NYSE:GD], the company’s sales were 44.95B for trailing twelve months, which represents an 17.97% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, 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 0.17 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
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 297.48 points at the first support level, and at 295.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 303.30, and for the 2nd resistance point, it is at 307.00.
Ratios To Look Out For
It is important to note that General Dynamics Corp. [NYSE:GD] has a current ratio of 1.33. Also, the Quick Ratio is 0.80, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 3.74 and price to earnings (TTM) ratio is 23.36.
Transactions by insiders
Recent insider trading involved Wall Peter A, Director, that happened on Sep 16 ’24 when 1320.0 shares were sold. Director, Wall Peter A completed a deal on Sep 16 ’24 to buy 1320.0 shares. Meanwhile, Senior Vice President & CFO Kuryea Kimberly A sold 13344.0 shares on May 21 ’24.
