Leonardo DRS Inc. (NASDAQ: DRS) has a higher price-to-earnings ratio of 32.23x compared to its average ratio. DRS has 36-month beta value of 0.80. 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 DRS is 71.04M, and currently, short sellers hold a 4.06% ratio of that float. The average trading volume of DRS on April 04, 2024 was 646.53K shares.
DRS) stock’s latest price update
The stock price of Leonardo DRS Inc. (NASDAQ: DRS) has plunged by -1.45 when compared to previous closing price of 20.74, but the company has seen a -6.45% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-16 that There are thousands of stocks listed on the main exchanges. It’s not always possible for investors to spot all potential multibagger opportunities.
DRS’s Market Performance
Leonardo DRS Inc. (DRS) has seen a -6.45% fall in stock performance for the week, with a -11.28% decline in the past month and a 3.65% surge in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 3.10% for DRS. The simple moving average for the last 20 days is -8.24% for DRS stock, with a simple moving average of 9.08% for the last 200 days.
Analysts’ Opinion of DRS
Many brokerage firms have already submitted their reports for DRS stocks, with JP Morgan repeating the rating for DRS by listing it as a “Neutral.” The predicted price for DRS in the upcoming period, according to JP Morgan is $23 based on the research report published on February 26, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see DRS reach a price target of $20. The rating they have provided for DRS stocks is “Buy” according to the report published on September 27th, 2023.
Truist gave a rating of “Buy” to DRS, setting the target price at $19 in the report published on June 09th of the previous year.
DRS Trading at -3.61% from the 50-Day Moving Average
After a stumble in the market that brought DRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.83% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -10.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.13% upper at present.
During the last 5 trading sessions, DRS fell by -6.45%, which changed the moving average for the period of 200-days by +20.80% in comparison to the 20-day moving average, which settled at $22.16. In addition, Leonardo DRS Inc. saw 2.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DRS starting from Leonardo S.p.a, who sale 20,700,000 shares at the price of $17.06 back on Nov 21 ’23. After this action, Leonardo S.p.a now owns 189,745,073 shares of Leonardo DRS Inc., valued at $353,187,540 using the latest closing price.
Stock Fundamentals for DRS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.23 for the gross margin
The net margin for Leonardo DRS Inc. stands at 0.06. The total capital return value is set at 0.08. Equity return is now at value 7.55, with 4.29 for asset returns.
Based on Leonardo DRS Inc. (DRS), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 6.5.
Currently, EBITDA for the company is 334.0 million with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. The receivables turnover for the company is 2.67for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
To put it simply, Leonardo DRS Inc. (DRS) has had a mixed 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’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.
