The stock of L3Harris Technologies Inc (LHX) has gone down by -4.00% for the week, with a -6.22% drop in the past month and a -23.02% drop in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are 2.15% for LHX. The simple moving average for the past 20 days is -5.92% for LHX’s stock, with a -12.31% simple moving average for the past 200 days.
Is It Worth Investing in L3Harris Technologies Inc (NYSE: LHX) Right Now?
The price-to-earnings ratio for L3Harris Technologies Inc (NYSE: LHX) is 25.48x, which is above its average ratio. Moreover, the 36-month beta value for LHX is 0.74. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for LHX is 187.17M and currently, short sellers hold a 1.33% of that float. On February 12, 2025, LHX’s average trading volume was 1.11M shares.
LHX) stock’s latest price update
The stock of L3Harris Technologies Inc (NYSE: LHX) has decreased by -2.96 when compared to last closing price of 206.75. Despite this, the company has experienced a -4.00% fall in its stock price over the last five trading sessions. businesswire.com reported 2025-02-12 that MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies (NYSE: LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer and Aerojet Rocketdyne President Ken Bedingfield will present at Barclays 42nd Annual Industrial Conference at 8:05 a.m. ET on Thursday, Feb. 20, in Miami. The livestream will be accessible via the L3Harris website, and a recording will be available following the event. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense indus.
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 -7.65% 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 -24.51% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares sank -7.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.54% lower at present.
During the last 5 trading sessions, LHX fell by -4.37%, which changed the moving average for the period of 200-days by -3.63% in comparison to the 20-day moving average, which settled at $213.20. In addition, L3Harris Technologies Inc saw -4.59% in overturn over a single year, with a tendency to cut further losses.
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 7.83, with 3.59 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.92. The debt to equity ratio resting at 0.06. 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 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 19.72for 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 1.08.
Conclusion
To wrap up, the performance of L3Harris Technologies Inc (LHX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
