L3Harris Technologies Inc (NYSE: LHX)’s stock price has soared by 0.10 in relation to previous closing price of 223.60. Nevertheless, the company has seen a gain of 0.16% in its stock price over the last five trading days. businesswire.com reported 2024-07-01 that MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies (NYSE:LHX) will release its second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The company will then host an earnings call on Friday, July 26, 2024, at 8:30 a.m. ET. Participants are encouraged to listen via webcast at L3Harris.com. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator. A recording of the ca.
Is It Worth Investing in L3Harris Technologies Inc (NYSE: LHX) Right Now?
The price-to-earnings ratio for L3Harris Technologies Inc (NYSE: LHX) is above average at 36.32x, Company’s 36-month beta value is 0.72.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LHX is 189.03M, and currently, short sellers hold a 0.78% ratio of that floaft. The average trading volume of LHX on July 04, 2024 was 887.43K shares.
LHX’s Market Performance
LHX stock saw a decrease of 0.16% in the past week, with a monthly decline of -1.24% and a quarterly a decrease of 9.58%. The volatility ratio for the week is 1.28%, and the volatility levels for the last 30 days are 1.30% for L3Harris Technologies Inc (LHX).. The simple moving average for the past 20 days is 0.56% for LHX’s stock, with a 10.24% simple moving average for the past 200 days.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with Alembic Global Advisors repeating the rating for LHX by listing it as a “Overweight.” The predicted price for LHX in the upcoming period, according to Alembic Global Advisors is $238 based on the research report published on April 22, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see LHX reach a price target of $240. The rating they have provided for LHX stocks is “Overweight” according to the report published on January 11th, 2024.
Deutsche Bank gave a rating of “Buy” to LHX, setting the target price at $240 in the report published on December 15th of the previous year.
LHX Trading at 1.89% 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 -1.88% of loss for the given period.
Volatility was left at 1.30%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares sank -0.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.90% upper at present.
During the last 5 trading sessions, LHX rose by +0.49%, which changed the moving average for the period of 200-days by +30.03% in comparison to the 20-day moving average, which settled at $222.48. In addition, L3Harris Technologies Inc saw 6.27% 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 LHX starting from Stackley Sean J, who sale 3,354 shares at the price of $216.73 back on Jun 17 ’24. After this action, Stackley Sean J now owns 14,186 shares of L3Harris Technologies Inc, valued at $726,912 using the latest closing price.
Stackley Sean J, the Sr. VP Strategy, Growth & Tech of L3Harris Technologies Inc, sale 3,354 shares at $218.00 during a trade that took place back on Jun 14 ’24, which means that Stackley Sean J is holding 17,540 shares at $731,172 based on the most recent closing price.
Stock Fundamentals for LHX
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.25 for the gross margin
The net margin for L3Harris Technologies Inc stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 6.35, with 3.03 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 3.32.
Currently, EBITDA for the company is 3.53 billion with net debt to EBITDA at 3.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 4.28for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In a nutshell, L3Harris Technologies Inc (LHX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
