In the past week, NOC stock has gone down by -1.16%, with a monthly decline of -3.20% and a quarterly plunge of -4.66%. The volatility ratio for the week is 2.18%, and the volatility levels for the last 30 days are 1.52% for Northrop Grumman Corp.. The simple moving average for the past 20 days is -2.14% for NOC’s stock, with a -0.80% simple moving average for the past 200 days.
Is It Worth Investing in Northrop Grumman Corp. (NYSE: NOC) Right Now?
The price-to-earnings ratio for Northrop Grumman Corp. (NYSE: NOC) is above average at 33.60x. The 36-month beta value for NOC is also noteworthy at 0.35. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for NOC is 147.71M, and at present, short sellers hold a 1.23% of that float. The average trading volume of NOC on April 19, 2024 was 1.05M shares.
NOC) stock’s latest price update
Northrop Grumman Corp. (NYSE: NOC)’s stock price has gone rise by 0.10 in comparison to its previous close of 452.05, however, the company has experienced a -1.16% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-17 that RTX’s Q1 results are likely to benefit from improving commercial air traffic and solid F135 sustainment volume. Higher interest expenses might have negatively impacted its overall earnings.
Analysts’ Opinion of NOC
Many brokerage firms have already submitted their reports for NOC stocks, with Robert W. Baird repeating the rating for NOC by listing it as a “Neutral.” The predicted price for NOC in the upcoming period, according to Robert W. Baird is $505 based on the research report published on January 16, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see NOC reach a price target of $473, previously predicting the price at $541. The rating they have provided for NOC stocks is “Hold” according to the report published on December 15th, 2023.
Wolfe Research gave a rating of “Underperform” to NOC, setting the target price at $450 in the report published on December 14th of the previous year.
NOC Trading at -1.41% from the 50-Day Moving Average
After a stumble in the market that brought NOC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.93% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares sank -3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.97% upper at present.
During the last 5 trading sessions, NOC fell by -1.16%, which changed the moving average for the period of 200-days by -1.24% in comparison to the 20-day moving average, which settled at $461.46. In addition, Northrop Grumman Corp. saw -3.34% 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 NOC starting from Caylor Mark A, who sale 825 shares at the price of $454.68 back on Feb 21 ’24. After this action, Caylor Mark A now owns 16,432 shares of Northrop Grumman Corp., valued at $375,111 using the latest closing price.
Simpson Kathryn G, the Corp VP & General Counsel of Northrop Grumman Corp., sale 356 shares at $454.68 during a trade that took place back on Feb 21 ’24, which means that Simpson Kathryn G is holding 1,668 shares at $161,866 based on the most recent closing price.
Stock Fundamentals for NOC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.17 for the gross margin
The net margin for Northrop Grumman Corp. stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 13.66, with 4.55 for asset returns.
Based on Northrop Grumman Corp. (NOC), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 4.66.
Currently, EBITDA for the company is 4.23 billion with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.03. The receivables turnover for the company is 5.5for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In summary, Northrop Grumman Corp. (NOC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
