The stock of Northrop Grumman Corp (NYSE: NOC) has decreased by -3.86 when compared to last closing price of 520.42. Despite this, the company has experienced a -3.89% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Northrop Grumman Corporation (NYSE:NOC ) Baird 2024 Global Industrials Conference November 13, 2024 10:05 AM ET Company Participants Kathy Warden – Chair, Chief Executive Officer & President Conference Call Participants Peter Arment – Baird Peter Arment Good morning, everyone. Thanks for joining this morning.
Is It Worth Investing in Northrop Grumman Corp (NYSE: NOC) Right Now?
Northrop Grumman Corp (NYSE: NOC) has a price-to-earnings ratio of 30.98x that is above its average ratio. Additionally, the 36-month beta value for NOC is 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.”
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The public float for NOC is 145.38M and currently, short sellers hold a 0.99% ratio of that float. The average trading volume of NOC on November 15, 2024 was 610.82K shares.
NOC’s Market Performance
NOC’s stock has seen a -3.89% decrease for the week, with a -5.85% drop in the past month and a -1.25% fall in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 1.94% for Northrop Grumman Corp The simple moving average for the last 20 days is -3.38% for NOC stock, with a simple moving average of 4.52% for the last 200 days.
Analysts’ Opinion of NOC
Many brokerage firms have already submitted their reports for NOC stocks, with Alembic Global Advisors repeating the rating for NOC by listing it as a “Neutral.” The predicted price for NOC in the upcoming period, according to Alembic Global Advisors is $560 based on the research report published on August 27, 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 $575, previously predicting the price at $474. The rating they have provided for NOC stocks is “Buy” according to the report published on July 29th, 2024.
BTIG Research gave a rating of “Buy” to NOC, setting the target price at $565 in the report published on June 26th of the current year.
NOC Trading at -4.45% 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 -9.94% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -5.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.67% lower at present.
During the last 5 trading sessions, NOC fell by -3.89%, which changed the moving average for the period of 200-days by +11.99% in comparison to the 20-day moving average, which settled at $517.82. In addition, Northrop Grumman Corp saw 6.88% 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 NOC starting from Davies Benjamin R., who sale 1,156 shares at the price of $532.93 back on Nov 11 ’24. After this action, Davies Benjamin R. now owns 537 shares of Northrop Grumman Corp, valued at $616,067 using the latest closing price.
Davies Benjamin R., the Officer of Northrop Grumman Corp, proposed sale 1,156 shares at $532.93 during a trade that took place back on Nov 11 ’24, which means that Davies Benjamin R. is holding shares at $616,067 based on the most recent closing price.
Stock Fundamentals for NOC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.17 for the gross margin
The net margin for Northrop Grumman Corp stands at 0.06. The total capital return value is set at 0.08. Equity return is now at value 15.48, with 5.10 for asset returns.
Based on Northrop Grumman Corp (NOC), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 4.9.
Currently, EBITDA for the company is 4.23 billion with net debt to EBITDA at 2.88. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Northrop Grumman Corp (NOC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
