In the past week, LHX stock has gone down by -0.63%, with a monthly gain of 0.32% and a quarterly surge of 6.90%. The volatility ratio for the week is 1.71%, and the volatility levels for the last 30 days are 1.97% for L3Harris Technologies Inc The simple moving average for the last 20 days is -1.71% for LHX stock, with a simple moving average of 8.99% 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 38.94x. The stock has a 36-month beta value of 0.73. Opinions on the stock are mixed, with 12 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for LHX is 189.08M, and at present, short sellers hold a 0.86% of that float. On November 22, 2024, the average trading volume of LHX was 732.28K shares.
LHX) stock’s latest price update
L3Harris Technologies Inc (NYSE: LHX)’s stock price has plunge by 0.92relation to previous closing price of 244.36. Nevertheless, the company has seen a -0.63% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-18 that The current market presents a complex mix of opportunities and risks, influenced by the Trump presidency, Fed policies, and elevated valuations. These factors require careful stock selection. I am focusing on sectors with strong recovery potential and long-term tailwinds, such as transportation and defense, while considering valuation and growth potential. My picks include high-quality, dividend-paying stocks positioned for growth, pricing power, and resilience, making them ideal investments for a volatile market.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with BofA Securities repeating the rating for LHX by listing it as a “Buy.” The predicted price for LHX in the upcoming period, according to BofA Securities is $300 based on the research report published on October 31, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see LHX reach a price target of $300. The rating they have provided for LHX stocks is “Outperform” according to the report published on October 10th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to LHX, setting the target price at $240 in the report published on August 14th of the current year.
LHX Trading at 0.86% 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 -7.20% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +1.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.08% upper at present.
During the last 5 trading sessions, LHX fell by -0.63%, which changed the moving average for the period of 200-days by +17.68% in comparison to the 20-day moving average, which settled at $250.89. In addition, L3Harris Technologies Inc saw 17.08% 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 2,150 shares at the price of $260.00 back on Nov 08 ’24. After this action, NIEBERGALL ROSS now owns 10,340 shares of L3Harris Technologies Inc, valued at $559,000 using the latest closing price.
NIEBERGALL ROSS, the President, Aerojet Rocketdyne of L3Harris Technologies Inc, sale 1,100 shares at $260.00 during a trade that took place back on Nov 06 ’24, which means that NIEBERGALL ROSS is holding 10,340 shares at $286,000 based on the most recent closing price.
Stock Fundamentals for LHX
Current profitability levels for the company are sitting at:
- 0.09 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 6.42, with 2.87 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 2.89.
Currently, EBITDA for the company is 2.93 billion with net debt to EBITDA at 3.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 4.43for 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 1.04.
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.
