The stock of Leonardo DRS Inc. (DRS) has seen a 11.99% increase in the past week, with a 6.15% gain in the past month, and a 13.69% flourish in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 2.97% for DRS. The simple moving average for the past 20 days is 8.21% for DRS’s stock, with a 28.23% 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 higher price-to-earnings ratio of 44.58x compared to its average ratio. DRS has 36-month beta value of 0.96. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for DRS is 73.61M, and currently, short sellers hold a 2.40% ratio of that float. The average trading volume of DRS on October 30, 2024 was 590.74K shares.
DRS) stock’s latest price update
Leonardo DRS Inc. (NASDAQ: DRS) has seen a rise in its stock price by 11.01 in relation to its previous close of 28.40. However, the company has experienced a 11.99% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-30 that Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.20 per share a year ago.
Analysts’ Opinion of DRS
Many brokerage firms have already submitted their reports for DRS stocks, with BofA Securities repeating the rating for DRS by listing it as a “Neutral.” The predicted price for DRS in the upcoming period, according to BofA Securities is $30 based on the research report published on September 24, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see DRS reach a price target of $30. The rating they have provided for DRS stocks is “Buy” according to the report published on June 26th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to DRS, setting the target price at $26 in the report published on May 24th of the current year.
DRS Trading at 11.09% 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 able to rebound, for now settling with 1.76% of gains for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +6.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.48% upper at present.
During the last 5 trading sessions, DRS rose by +12.36%, which changed the moving average for the period of 200-days by +66.21% in comparison to the 20-day moving average, which settled at $29.14. In addition, Leonardo DRS Inc. saw 57.31% 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:
- 0.09 for the present operating margin
- 0.22 for the gross margin
The net margin for Leonardo DRS Inc. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 8.18, with 5.03 for asset returns.
Based on Leonardo DRS Inc. (DRS), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 8.65.
Currently, EBITDA for the company is 334.0 million with net debt to EBITDA at 0.9. 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 2.51for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.
Conclusion
To put it simply, Leonardo DRS Inc. (DRS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
