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L3Harris Technologies Inc. (LHX) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for L3Harris Technologies Inc. (NYSE: LHX) is above average at 36.67x, while the 36-month beta value is 0.71.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”

The average price point forecasted by analysts for L3Harris Technologies Inc. (LHX) is $240.06, which is $66.55 above the current market price. The public float for LHX is 188.32M, and currently, short sellers hold a 1.05% ratio of that floaft. The average trading volume of LHX on May 26, 2023 was 1.07M shares.

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LHX) stock’s latest price update

L3Harris Technologies Inc. (NYSE: LHX)’s stock price has decreased by -3.45 compared to its previous closing price of 182.70. However, the company has seen a -5.09% decrease in its stock price over the last five trading sessions. The Wall Street Journal reported on 01/09/23 that West Faces Hurdles Delivering Drone-Fighting Technology to Ukraine

LHX’s Market Performance

L3Harris Technologies Inc. (LHX) has experienced a -5.09% fall in stock performance for the past week, with a -9.33% drop in the past month, and a -16.06% drop in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 1.86% for LHX. The simple moving average for the last 20 days is -6.10% for LHX stock, with a simple moving average of -17.52% for the last 200 days.

LHX Trading at -9.08% from the 50-Day Moving Average

After a stumble in the market that brought LHX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.85% of loss for the given period.

Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -10.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.15% lower at present.

During the last 5 trading sessions, LHX fell by -5.09%, which changed the moving average for the period of 200-days by -24.46% in comparison to the 20-day moving average, which settled at $186.76. In addition, L3Harris Technologies Inc. saw -15.28% 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 LHX starting from MEHNERT DANA A, who sale 1,985 shares at the price of $227.25 back on Dec 05. After this action, MEHNERT DANA A now owns 23,830 shares of L3Harris Technologies Inc., valued at $451,091 using the latest closing price.

GIRARD JAMES P, the Vice President & CHRO of L3Harris Technologies Inc., sale 5,000 shares at $229.38 during a trade that took place back on Nov 08, which means that GIRARD JAMES P is holding 7,144 shares at $1,146,900 based on the most recent closing price.

Stock Fundamentals for LHX

Current profitability levels for the company are sitting at:

  • +12.56 for the present operating margin
  • +28.88 for the gross margin

The net margin for L3Harris Technologies Inc. stands at +6.22. The total capital return value is set at 7.97, while invested capital returns managed to touch 4.04. Equity return is now at value 5.00, with 2.70 for asset returns.

Based on L3Harris Technologies Inc. (LHX), the company’s capital structure generated 42.69 points at debt to equity in total, while total debt to capital is 29.92. Total debt to assets is 23.59, with long-term debt to equity ratio resting at 37.61. Finally, the long-term debt to capital ratio is 26.36.

When we switch over and look at the enterprise to sales, we see a ratio of 2.39, with the company’s debt to enterprise value settled at 0.17. The receivables turnover for the company is 4.04 and the total asset turnover is 0.50. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.


In a nutshell, L3Harris Technologies Inc. (LHX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.