A new trading day began on November 20, 2023, with Leonardo DRS Inc. (NASDAQ: DRS) stock priced at $18.74, up 3.72% from the previous day of trading. During the day, the shares moved up to $19.40 and dropped to $18.61 before settling in for the closing price of $18.56. DRS’s price has ranged from $9.11 to $20.95 over the past 52 weeks.
A company in the Industrials sector has jumped its sales by 1765.31% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -13.69%. With a float of $50.00 million, this company’s outstanding shares have now reached $260.23 million.
In an organization with 6400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +20.98, operating margin of +9.39, and the pretax margin is +19.49.
Leonardo DRS Inc. (DRS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Aerospace & Defense Industry. The insider ownership of Leonardo DRS Inc. is 80.92%, while institutional ownership is 19.11%.
Leonardo DRS Inc. (DRS) Latest Financial update
This company achieved a net margin of +15.04 while generating a return on equity of 21.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of 119.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.50% during the next five years compared to 83.72% growth over the previous five years of trading.
Leonardo DRS Inc. (NASDAQ: DRS) Trading Performance Indicators
Here are Leonardo DRS Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.64, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 0.83 in one year’s time.
Technical Analysis of Leonardo DRS Inc. (DRS)
Let’s dig in a bit further. During the last 5-days, its volume was 3.15 million. That was better than the volume of 0.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.84%. Additionally, its Average True Range was 0.74.
During the past 100 days, Leonardo DRS Inc.’s (DRS) raw stochastic average was set at 67.31%, which indicates a significant increase from 40.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.41% in the past 14 days, which was higher than the 36.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.23, while its 200-day Moving Average is $16.02. However, in the short run, Leonardo DRS Inc.’s stock first resistance to watch stands at $19.56. Second resistance stands at $19.88. The third major resistance level sits at $20.35. If the price goes on to break the first support level at $18.77, it is likely to go to the next support level at $18.30. The third support level lies at $17.98 if the price breaches the second support level.
Leonardo DRS Inc. (NASDAQ: DRS) Key Stats
With a market capitalization of 5.04 billion, the company has a total of 262,370K Shares Outstanding. Currently, annual sales are 2,693 M while annual income is 405,000 K. The company’s previous quarter sales were 703,000 K while its latest quarter income was 47,000 K.