The stock of Leonardo DRS Inc. (DRS) has seen a 5.35% increase in the past week, with a -0.09% drop in the past month, and a 14.71% flourish in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 2.80% for DRS. The simple moving average for the past 20 days is 3.51% for DRS’s stock, with a 16.41% simple moving average for the past 200 days.
Is It Worth Investing in Leonardo DRS Inc. (NASDAQ: DRS) Right Now?
Leonardo DRS Inc. (NASDAQ: DRS) has a price-to-earnings ratio of 34.80x that is above its average ratio. Additionally, the 36-month beta value for DRS is 0.79. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DRS is 71.18M and currently, short sellers hold a 3.52% ratio of that float. The average trading volume of DRS on April 18, 2024 was 667.41K shares.
DRS) stock’s latest price update
Leonardo DRS Inc. (NASDAQ: DRS) has experienced a rise in its stock price by 2.32 compared to its previous closing price of 21.57. However, the company has seen a gain of 5.35% in its stock price over the last five trading days. InvestorPlace reported 2024-04-18 that Whenever I find good growth stock ideas for long term investing, I always check on the social media interest. There are stories being widely discussed with multibagger targets.
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 2.55% 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 -8.04% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -0.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.75% upper at present.
During the last 5 trading sessions, DRS rose by +4.89%, which changed the moving average for the period of 200-days by +26.08% in comparison to the 20-day moving average, which settled at $21.32. In addition, Leonardo DRS Inc. saw 10.13% 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 2.06. 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
In conclusion, Leonardo DRS Inc. (DRS) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
