A new trading day began on Tuesday, with Lear Corp. (NYSE: LEA) stock price down -0.44% from the previous day of trading, before settling in for the closing price of $134.12. LEA’s price has ranged from $117.79 to $157.90 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 2.70% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 18.55%. With a float of $56.87 million, this company’s outstanding shares have now reached $56.98 million.
In an organization with 186600 employees, it is important to assess its efficiency.
Lear Corp. (LEA) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Lear Corp. is 0.28%, while institutional ownership is 106.44%. The most recent insider transaction that took place on Mar 05 ’24, was worth 387,228. In this transaction Sr. VP & CFO of this company sold 2,750 shares at a rate of $140.81, taking the stock ownership to the 17,506 shares. Before that another transaction happened on Feb 09 ’24, when Company’s President and CEO sold 10,652 for $132.86, making the entire transaction worth $1,415,225. This insider now owns 13,627 shares in total.
Lear Corp. (LEA) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 18.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.74% during the next five years compared to -10.87% drop over the previous five years of trading.
Lear Corp. (NYSE: LEA) Trading Performance Indicators
Here are Lear Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32. Likewise, its price to free cash flow for the trailing twelve months is 12.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.68, a number that is poised to hit 3.03 in the next quarter and is forecasted to reach 17.82 in one year’s time.
Technical Analysis of Lear Corp. (LEA)
Let’s dig in a bit further. During the last 5-days, its volume was 0.47 million. That was inferior than the volume of 0.53 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 32.28%. Additionally, its Average True Range was 2.73.
During the past 100 days, Lear Corp.’s (LEA) raw stochastic average was set at 29.23%, which indicates a significant increase from 22.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.51% in the past 14 days, which was higher than the 24.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $138.67, while its 200-day Moving Average is $138.29. However, in the short run, Lear Corp.’s stock first resistance to watch stands at $134.47. Second resistance stands at $135.41. The third major resistance level sits at $136.02. If the price goes on to break the first support level at $132.92, it is likely to go to the next support level at $132.31. Assuming the price breaks the second support level, the third support level stands at $131.37.
Lear Corp. (NYSE: LEA) Key Stats
With a market capitalization of 7.62 billion, the company has a total of 56,952K Shares Outstanding. Currently, annual sales are 23,467 M while annual income is 572,500 K. The company’s previous quarter sales were 5,841 M while its latest quarter income was 127,300 K.
