The stock of L3Harris Technologies Inc (LHX) has seen a 2.64% increase in the past week, with a 4.34% gain in the past month, and a -11.43% decrease in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.75% for LHX. The simple moving average for the last 20 days is 3.34% for LHX’s stock, with a simple moving average of -3.75% 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 34.71x. The stock has a 36-month beta value of 0.77. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for LHX is 189.09M, and at present, short sellers hold a 1.24% of that float. On January 24, 2025, the average trading volume of LHX was 996.45K shares.
LHX) stock’s latest price update
L3Harris Technologies Inc (NYSE: LHX) has experienced a decline in its stock price by -0.12 compared to its previous closing price of 220.06. However, the company has seen a gain of 2.64% in its stock price over the last five trading days. zacks.com reported 2025-01-23 that L3Harris (LHX) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with Bernstein repeating the rating for LHX by listing it as a “Outperform.” The predicted price for LHX in the upcoming period, according to Bernstein is $267 based on the research report published on January 08, 2025 of the current year 2025.
Argus gave a rating of “Buy” to LHX, setting the target price at $300 in the report published on November 26th of the previous year.
LHX Trading at -3.71% 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 -17.29% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +2.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.74% lower at present.
During the last 5 trading sessions, LHX rose by +2.64%, which changed the moving average for the period of 200-days by +5.18% in comparison to the 20-day moving average, which settled at $212.68. In addition, L3Harris Technologies Inc saw 4.52% 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 1,373 shares at the price of $210.06 back on Dec 30 ’24. After this action, NIEBERGALL ROSS now owns 5,049 shares of L3Harris Technologies Inc, valued at $288,412 using the latest closing price.
NIEBERGALL ROSS, the Officer of L3Harris Technologies Inc, proposed sale 1,373 shares at $210.06 during a trade that took place back on Dec 30 ’24, which means that NIEBERGALL ROSS is holding shares at $288,412 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 2.56. 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’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.
