Leonardo DRS Inc (NASDAQ: DRS) on Tuesday, soared 4.86% from the previous trading day, before settling in for the closing price of $31.51. Within the past 52 weeks, DRS’s price has moved between $17.97 and $33.29.
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Annual sales at Industrials sector company grew by 4.16% over the past five years. The company achieved an average annual earnings per share of 23.31%. With a float of $73.80 million, this company’s outstanding shares have now reached $262.53 million.
Let’s look at the performance matrix of the company that is accounted for 6600 employees. In terms of profitability, gross margin is 21.83%, operating margin of 8.93%, and the pretax margin is 7.8%.
Leonardo DRS Inc (DRS) Insider and Institutional Ownership
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Leonardo DRS Inc is 72.09%, while institutional ownership is 26.54%. The most recent insider transaction that took place on Nov 21 ’23, was worth 353,187,540. In this transaction 10% Owner of this company sold 20,700,000 shares at a rate of $17.06, taking the stock ownership to the 189,745,073 shares.
Leonardo DRS Inc (DRS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 23.31% per share during the next fiscal year.
Leonardo DRS Inc (NASDAQ: DRS) Trading Performance Indicators
Leonardo DRS Inc (DRS) is currently performing well based on its current performance indicators. A quick ratio of 1.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.75. Likewise, its price to free cash flow for the trailing twelve months is 32.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.74, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.05 in one year’s time.
Technical Analysis of Leonardo DRS Inc (DRS)
Leonardo DRS Inc (NASDAQ: DRS) saw its 5-day average volume 0.95 million, a positive change from its year-to-date volume of 0.62 million. As of the previous 9 days, the stock’s Stochastic %D was 71.73%. Additionally, its Average True Range was 1.17.
During the past 100 days, Leonardo DRS Inc’s (DRS) raw stochastic average was set at 97.65%, which indicates a significant increase from 95.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.39% in the past 14 days, which was higher than the 36.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.64, while its 200-day Moving Average is $24.83. Nevertheless, the first resistance level for the watch stands at $33.61 in the near term. At $34.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $35.28. If the price goes on to break the first support level at $31.94, it is likely to go to the next support level at $30.84. The third support level lies at $30.27 if the price breaches the second support level.
Leonardo DRS Inc (NASDAQ: DRS) Key Stats
Market capitalization of the company is 8.74 billion based on 264,397K outstanding shares. Right now, sales total 2,826 M and income totals 168,000 K. The company made 812,000 K in profit during its latest quarter, and 57,000 K in sales during its previous quarter.
