General Dynamics Corp. stock trades under the ticker GD & has shown recent bullishness that traders & investors should take a closer look at.
GD stock closed at $216.89/share on 7/21/2022.
General Dynamics Corp. GD Stock’s Technical Performance Broken Down
GD Stock Price: $216.89
10 Day Moving Average: $215.22
50 Day Moving Average: $220.02
200 Day Moving Average: $215.70
RSI: 48.93
MACD: -1.837
Yesterday, GD stock completed a bullish MACD crossover, settling just above its 10 & 200 day moving averages at the close.
With a neutral RSI & trading volumes below average, there may be some weakness on the horizon for GD in the near-term, presenting an opportunity for a better entry price.
They will need to break above the $218.17/share price level, before going on to test the $221.92/share level.
General Dynamics Corp. GD Stock As A Long-Term Investment
Long-term oriented investors will like GD stock’s 18.22 P/E (ttm), but may find their 3.28 P/B (mrq) to be a bit rich.
They recently reported 0% Quarterly Revenue Growth Y-o-Y, with 3.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may warrant a closer review, with $2.91B of Total Cash (mrq) & $13.17B of Total Debt (mrq).
GD stock pays a 2.23% dividend yield, which appears stable in the long-run, as their payout ratio is 51.5%.
86.5% of GD stock’s outstanding share float is owned by institutional investors.
General Dynamics Corp. GD Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against market volatility, while profiting from price movements in GD stock.
I am looking at the contracts with the 8/19 expiration date.
The $210, $215 & $207.50 calls are all in-the-money, listed from most to least liquid.
Currently, only the $220 puts are in-the-money, but since GD has weekly expirations, I expect there to be more contracts written as the weeks pass.
Tying It All Together
GD stock has many characteristics that traders & investors are sure to find appealing.
Investors will like their dividend yield, but may want to research into their balance sheet a bit more before investing.
Traders will like their current technicals, as well as their weekly option expirations.
Overall, GD stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF GD STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***