A new trading day began on Tuesday, with Leggett & Platt, Inc. (NYSE: LEG) stock price down -1.76% from the previous day of trading, before settling in for the closing price of $17.61. LEG’s price has ranged from $17.44 to $33.50 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 2.65%. Meanwhile, its annual earnings per share averaged -16.55%. With a float of $131.15 million, this company’s outstanding shares have now reached $133.40 million.
Considering the fact that the conglomerate employs 19300 people, you should pay attention to its efficiency factor.
Leggett & Platt, Inc. (LEG) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Furnishings, Fixtures & Appliances Industry. The insider ownership of Leggett & Platt, Inc. is 1.93%, while institutional ownership is 65.98%. The most recent insider transaction that took place on May 23 ’23, was worth 195,679. In this transaction Director of this company sold 6,000 shares at a rate of $32.61, taking the stock ownership to the 53,109 shares.
Leggett & Platt, Inc. (LEG) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -16.55% per share during the next fiscal year.
Leggett & Platt, Inc. (NYSE: LEG) Trading Performance Indicators
Here are Leggett & Platt, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.49. Likewise, its price to free cash flow for the trailing twelve months is 6.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.32 in one year’s time.
Technical Analysis of Leggett & Platt, Inc. (LEG)
Compared to the last year’s volume of 1.66 million, its volume of 1.56 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 4.42%. Additionally, its Average True Range was 0.51.
During the past 100 days, Leggett & Platt, Inc.’s (LEG) raw stochastic average was set at 0.10%, which indicates a significant decrease from 0.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.94% in the past 14 days, which was lower than the 37.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.73, while its 200-day Moving Average is $24.46. Nevertheless, the first resistance level for the watch stands at $17.48 in the near term. At $17.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.75. If the price goes on to break the first support level at $17.20, it is likely to go to the next support level at $17.11. Should the price break the second support level, the third support level stands at $16.93.
Leggett & Platt, Inc. (NYSE: LEG) Key Stats
With a market capitalization of 2.31 billion, the company has a total of 133,730K Shares Outstanding. Currently, annual sales are 4,725 M while annual income is -136,800 K. The company’s previous quarter sales were 1,115 M while its latest quarter income was -297,300 K.
