The stock of L3Harris Technologies Inc (LHX) has seen a 4.99% increase in the past week, with a 2.79% gain in the past month, and a 8.50% flourish in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 1.89% for LHX. The simple moving average for the last 20 days is 4.41% for LHX’s stock, with a simple moving average of 11.05% for the last 200 days.
Is It Worth Investing in L3Harris Technologies Inc (NYSE: LHX) Right Now?
L3Harris Technologies Inc (NYSE: LHX) has a price-to-earnings ratio that is above its average at 38.92x. The stock has a 36-month beta value of 0.73. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 3 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for LHX is 189.10M, and at present, short sellers hold a 0.64% of that float. On October 04, 2024, the average trading volume of LHX was 794.59K shares.
LHX) stock’s latest price update
L3Harris Technologies Inc (NYSE: LHX) has experienced a decline in its stock price by -0.63 compared to its previous closing price of 244.66. However, the company has seen a gain of 4.99% in its stock price over the last five trading days. gurufocus.com reported 2024-10-03 that On October 2, 2024, Ross Niebergall, President of Aerojet Rocketdyne, a subsidiary of L3Harris Technologies Inc (LHX, Financial), sold 2,988 shares of the company. The transaction was reported in a recent SEC Filing.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with RBC Capital Mkts repeating the rating for LHX by listing it as a “Sector Perform.” The predicted price for LHX in the upcoming period, according to RBC Capital Mkts is $240 based on the research report published on August 14, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see LHX reach a price target of $257, previously predicting the price at $275. The rating they have provided for LHX stocks is “Equal-Weight” according to the report published on August 09th, 2024.
Deutsche Bank gave a rating of “Hold” to LHX, setting the target price at $257 in the report published on July 26th of the current year.
LHX Trading at 5.09% 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 -1.71% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +4.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.51% upper at present.
During the last 5 trading sessions, LHX rose by +4.99%, which changed the moving average for the period of 200-days by +16.67% in comparison to the 20-day moving average, which settled at $233.37. In addition, L3Harris Technologies Inc saw 15.43% 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 NIEBERGALL ROSS, who sale 2,988 shares at the price of $244.68 back on Oct 02 ’24. After this action, NIEBERGALL ROSS now owns 13,328 shares of L3Harris Technologies Inc, valued at $731,104 using the latest closing price.
NIEBERGALL ROSS, the Officer of L3Harris Technologies Inc, proposed sale 2,988 shares at $244.68 during a trade that took place back on Oct 03 ’24, which means that NIEBERGALL ROSS is holding shares at $731,104 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
- 0.24 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 6.39, with 3.09 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 3.02.
Currently, EBITDA for the company is 3.53 billion with net debt to EBITDA at 3.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.83. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To sum up, L3Harris Technologies Inc (LHX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
