The stock of L3Harris Technologies Inc (LHX) has gone down by -3.25% for the week, with a -5.41% drop in the past month and a -2.63% drop in the past quarter. The volatility ratio for the week is 1.42%, and the volatility levels for the past 30 days are 1.34% for LHX. The simple moving average for the past 20 days is -3.85% for LHX’s stock, with a 5.37% simple moving average for the past 200 days.
Is It Worth Investing in L3Harris Technologies Inc (NYSE: LHX) Right Now?
L3Harris Technologies Inc (NYSE: LHX) has a higher price-to-earnings ratio of 31.71x compared to its average ratio. LHX has 36-month beta value of 0.65. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LHX is 189.38M, and currently, short sellers hold a 0.86% ratio of that float. The average trading volume of LHX on April 04, 2024 was 1.13M shares.
LHX) stock’s latest price update
The stock of L3Harris Technologies Inc (NYSE: LHX) has decreased by -0.45 when compared to last closing price of 205.20. Despite this, the company has experienced a -3.25% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-01 that Gone are the days of cheaply made missiles and artillery shells. Today, nearly every Western-produced weapons system relies on critical semiconductors and microchips to function.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with JP Morgan repeating the rating for LHX by listing it as a “Overweight.” The predicted price for LHX in the upcoming period, according to JP Morgan is $240 based on the research report published on January 11, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see LHX reach a price target of $240, previously predicting the price at $184. The rating they have provided for LHX stocks is “Buy” according to the report published on December 15th, 2023.
Robert W. Baird gave a rating of “Outperform” to LHX, setting the target price at $216 in the report published on October 31st of the previous year.
LHX Trading at -3.19% 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 -6.44% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares sank -4.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.23% lower at present.
During the last 5 trading sessions, LHX fell by -3.25%, which changed the moving average for the period of 200-days by +5.63% in comparison to the 20-day moving average, which settled at $211.98. In addition, L3Harris Technologies Inc saw -3.01% 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 KUBASIK CHRISTOPHER E, who sale 6,258 shares at the price of $211.91 back on Mar 26 ’24. After this action, KUBASIK CHRISTOPHER E now owns 116,175 shares of L3Harris Technologies Inc, valued at $1,326,133 using the latest closing price.
KUBASIK CHRISTOPHER E, the Chair and CEO of L3Harris Technologies Inc, sale 40,000 shares at $212.22 during a trade that took place back on Mar 25 ’24, which means that KUBASIK CHRISTOPHER E is holding 116,175 shares at $8,488,800 based on the most recent closing price.
Stock Fundamentals for LHX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.27 for the gross margin
The net margin for L3Harris Technologies Inc stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 6.58, with 3.26 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 4.88.
Currently, EBITDA for the company is 3.31 billion with net debt to EBITDA at 4.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.82. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To put it simply, L3Harris Technologies Inc (LHX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
