Witnessing the stock’s movement on the chart, on Wednesday, L3Harris Technologies Inc (NYSE: LHX) set off with pace as it heaved 0.65% to $212.50, before settling in for the price of $211.13 at the close. Taking a more long-term approach, LHX posted a 52-week range of $160.25-$218.34.
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It was noted that the giant of the Industrials sector posted annual sales growth of 31.35% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -3.91%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 3.08%. This publicly-traded company’s shares outstanding now amounts to $189.81 million, simultaneously with a float of $189.38 million. The organization now has a market capitalization sitting at $40.39 billion. At the time of writing, stock’s 50-day Moving Average stood at $210.76, while the 200-day Moving Average is $193.56.
L3Harris Technologies Inc (LHX) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Aerospace & Defense industry. L3Harris Technologies Inc’s current insider ownership accounts for 0.38%, in contrast to 85.46% institutional ownership. According to the most recent insider trade that took place on Mar 26 ’24, this organization’s Chair and CEO sold 6,258 shares at the rate of 211.91, making the entire transaction reach 1,326,133 in total value, affecting insider ownership by 116,175. Preceding that transaction, on Mar 25 ’24, Company’s Chair and CEO sold 40,000 for 212.22, making the whole transaction’s value amount to 8,488,800. This particular insider is now the holder of 116,175 in total.
L3Harris Technologies Inc (LHX) Earnings and Revenue Records
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $3.35 earnings per share (EPS) for the period topping the consensus outlook (set at $3.31) by $0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.11 per share during the current fiscal year.
L3Harris Technologies Inc’s EPS increase for this current 12-month fiscal period is 3.08% and is forecasted to reach 14.04 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.60% through the next 5 years, which can be compared against the -3.91% growth it accomplished over the previous five years trading on the market.
L3Harris Technologies Inc (NYSE: LHX) Trading Performance Indicators
Let’s observe the current performance indicators for L3Harris Technologies Inc (LHX). It’s Quick Ratio in the last reported quarter now stands at 0.80. The Stock has managed to achieve an average true range (ATR) of 2.79. Alongside those numbers, its PE Ratio stands at $32.99, and its Beta score is 0.65. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.08. Similarly, its price to free cash flow for trailing twelve months is now 24.53.
In the same vein, LHX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 6.44, a figure that is expected to reach 2.91 in the next quarter, and analysts are predicting that it will be 14.04 at the market close of one year from today.
Technical Analysis of L3Harris Technologies Inc (LHX)
Going through the that latest performance of [L3Harris Technologies Inc, LHX]. Its last 5-days volume of 0.92 million was inferior to the volume of 1.13 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 27.28% While, its Average True Range was 2.55.
Raw Stochastic average of L3Harris Technologies Inc (LHX) in the period of the previous 100 days is set at 85.16%, which indicates a major rise in contrast to 34.84% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 9.53% that was lower than 16.91% volatility it exhibited in the past 100-days period.
