Lockheed Martin Corporation (NYSE: LMT)’s stock price has decreased by -1.16 compared to its previous closing price of 478.87. Despite this, the company has experienced a -1.29% fall in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/16/23 that China Sanctions Lockheed Martin and Raytheon as Tensions Over Balloon Increase
Is It Worth Investing in Lockheed Martin Corporation (NYSE: LMT) Right Now?
Lockheed Martin Corporation (NYSE: LMT) has a price-to-earnings ratio that is above its average at 21.79x. and a 36-month beta value of 0.67. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 1 as “overweight,” 16 as “hold,” and 2 as “sell.”
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The average price predicted for Lockheed Martin Corporation (LMT) by analysts is $492.48, which is $13.09 above the current market price. The public float for LMT is 253.80M, and at present, short sellers hold a 0.94% of that float. On March 16, 2023, the average trading volume of LMT was 1.36M shares.
LMT’s Market Performance
LMT stock saw a decrease of -1.29% in the past week, with a monthly decline of -1.80% and a quarterly a decrease of -2.68%. The volatility ratio for the week is 1.77%, and the volatility levels for the last 30 days are 1.46% for Lockheed Martin Corporation (LMT). The simple moving average for the last 20 days is -0.95% for LMT stock, with a simple moving average of 6.10% for the last 200 days.
Analysts’ Opinion of LMT
Many brokerage firms have already submitted their reports for LMT stocks, with Credit Suisse repeating the rating for LMT by listing it as a “Outperform.” The predicted price for LMT in the upcoming period, according to Credit Suisse is $510 based on the research report published on February 07th of the current year 2023.
DZ Bank, on the other hand, stated in their research note that they expect to see LMT reach a price target of $523. The rating they have provided for LMT stocks is “Buy” according to the report published on January 30th, 2023.
Goldman gave a rating of “Sell” to LMT, setting the target price at $332 in the report published on January 13th of the current year.
LMT Trading at 1.04% from the 50-Day Moving Average
After a stumble in the market that brought LMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.14% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.71% lower at present.
During the last 5 trading sessions, LMT fell by -1.29%, which changed the moving average for the period of 200-days by +5.65% in comparison to the 20-day moving average, which settled at $477.45. In addition, Lockheed Martin Corporation saw -2.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LMT starting from Cahill Timothy S, who sale 2,534 shares at the price of $479.44 back on Mar 06. After this action, Cahill Timothy S now owns 10,460 shares of Lockheed Martin Corporation, valued at $1,214,908 using the latest closing price.
Lavan Maryanne, the SVP & General Counsel of Lockheed Martin Corporation, sale 4,554 shares at $476.69 during a trade that took place back on Mar 02, which means that Lavan Maryanne is holding 0 shares at $2,170,840 based on the most recent closing price.
Stock Fundamentals for LMT
Current profitability levels for the company are sitting at:
- +13.20 for the present operating margin
- +15.78 for the gross margin
The net margin for Lockheed Martin Corporation stands at +8.69. Equity return is now at value 53.70, with 11.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To sum up, Lockheed Martin Corporation (LMT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
