General Dynamics Corp. (GD): The Latest Casualty Of Increased Volatility?

General Dynamics Corp. (NYSE:GD) does about 1.03M shares in volume on a normal day but saw 1039433 shares change hands in Friday trading. The company now has a market cap of 77.28B USD. Its current market price is $281.68, marking a decrease of -1.12% compared to the previous close of $284.88. The 52 week high reached by this stock is $302.75 whilst the lowest price level in 52 weeks is $211.94.

General Dynamics Corp. (GD) has a 20-day trading average at $293.22 and the current price is -6.96% off the 52-week high compared with 32.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $293.43 and its 200-day simple moving average is $266.33. If we look at the stock’s price movements over the week, volatility stands at 1.45%, which decreases to 1.27% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.57 to suggest the stock is oversold.

The consensus objective for the share price is $318.43, suggesting that the stock has a potential upside of 11.54% over the period.

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The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 26, 2024 when BTIG Research initiated the stock to “Buy” and issued a price target of $345. Jefferies upgraded the stock to “Buy” from Hold on April 29, 2024 at a price target of $305-$335. Alembic Global Advisors downgraded its price target at $296.

General Dynamics Corp. (GD) stock is down -3.70% over the week and -5.26% over the past month. Its price is 8.48% year-to-date and 30.90% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 11.54 percent from here.

The company has a return on investment of 10.69% and return on equity of 16.71%. The price to earnings ratio (P/E ratio) amounts to 22.95 while the forward price to earnings ratio is 17.25. The beta has a value of 0.60. Price to book ratio is 3.60 and price to sales ratio is 1.79.

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