In the past week, LEG stock has gone up by 5.20%, with a monthly decline of -2.62% and a quarterly plunge of -21.65%. The volatility ratio for the week is 2.23%, and the volatility levels for the last 30 days are 2.41% for Leggett & Platt, Inc. The simple moving average for the past 20 days is -0.57% for LEG’s stock, with a -24.71% simple moving average for the past 200 days.
Is It Worth Investing in Leggett & Platt, Inc. (NYSE: LEG) Right Now?
The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LEG is 131.12M, and at present, short sellers hold a 6.33% of that float. On April 25, 2024, the average trading volume of LEG was 1.70M shares.
LEG) stock’s latest price update
The stock price of Leggett & Platt, Inc. (NYSE: LEG) has dropped by -0.05 compared to previous close of 18.21. Despite this, the company has seen a gain of 5.20% in its stock price over the last five trading days. InvestorPlace reported 2024-04-19 that High-yield stocks often catch the eye of investors due to the seemingly significant, tangible returns on investment. Yet, not all that glitters is gold.
Analysts’ Opinion of LEG
Many brokerage firms have already submitted their reports for LEG stocks, with Goldman repeating the rating for LEG by listing it as a “Neutral.” The predicted price for LEG in the upcoming period, according to Goldman is $34 based on the research report published on April 11, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see LEG reach a price target of $24, previously predicting the price at $31. The rating they have provided for LEG stocks is “Underweight” according to the report published on December 12th, 2022.
LEG Trading at -5.54% from the 50-Day Moving Average
After a stumble in the market that brought LEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.67% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.88% lower at present.
During the last 5 trading sessions, LEG rose by +5.20%, which changed the moving average for the period of 200-days by -38.45% in comparison to the 20-day moving average, which settled at $18.31. In addition, Leggett & Platt, Inc. saw -30.45% 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 LEG starting from WOOD PHOEBE A, who sale 6,000 shares at the price of $32.61 back on May 23 ’23. After this action, WOOD PHOEBE A now owns 53,109 shares of Leggett & Platt, Inc., valued at $195,679 using the latest closing price.
Stock Fundamentals for LEG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.18 for the gross margin
The net margin for Leggett & Platt, Inc. stands at -0.03. The total capital return value is set at 0.1. Equity return is now at value -9.20, with -2.79 for asset returns.
Based on Leggett & Platt, Inc. (LEG), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is 4.07.
Currently, EBITDA for the company is 498.5 million with net debt to EBITDA at 3.54. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 7.41for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To sum up, Leggett & Platt, Inc. (LEG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
