On Tuesday, L3Harris Technologies Inc (NYSE: LHX) opened lower -0.81% from the last session, before settling in for the closing price of $208.43. Price fluctuations for LHX have ranged from $200.18 to $265.74 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 31.32% annually for the last half of the decade. Company’s average yearly earnings per share was noted -7.58% at the time writing. With a float of $187.17 million, this company’s outstanding shares have now reached $189.67 million.
In an organization with 50000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 24.32%, operating margin of 9.37%, and the pretax margin is 5.61%.
L3Harris Technologies Inc (LHX) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of L3Harris Technologies Inc is 1.32%, while institutional ownership is 85.06%. The most recent insider transaction that took place on Dec 30 ’24, was worth 288,412. In this transaction President, Aerojet Rocketdyne of this company sold 1,373 shares at a rate of $210.06, taking the stock ownership to the 5,049 shares. Before that another transaction happened on Dec 30 ’24, when Company’s Officer proposed sale 1,373 for $210.06, making the entire transaction worth $288,412.
L3Harris Technologies Inc (LHX) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.94 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.53% during the next five years compared to 16.45% growth over the previous five years of trading.
L3Harris Technologies Inc (NYSE: LHX) Trading Performance Indicators
Check out the current performance indicators for L3Harris Technologies Inc (LHX). In the past quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.84. Likewise, its price to free cash flow for the trailing twelve months is 18.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.87, a number that is poised to hit 2.66 in the next quarter and is forecasted to reach 13.51 in one year’s time.
Technical Analysis of L3Harris Technologies Inc (LHX)
Let’s dig in a bit further. During the last 5-days, its volume was 1.35 million. That was better than the volume of 1.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 25.89%. Additionally, its Average True Range was 4.53.
During the past 100 days, L3Harris Technologies Inc’s (LHX) raw stochastic average was set at 6.34%, which indicates a significant decrease from 14.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.99% in the past 14 days, which was lower than the 22.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $218.14, while its 200-day Moving Average is $228.81. However, in the short run, L3Harris Technologies Inc’s stock first resistance to watch stands at $208.62. Second resistance stands at $210.48. The third major resistance level sits at $211.71. If the price goes on to break the first support level at $205.53, it is likely to go to the next support level at $204.30. The third support level lies at $202.44 if the price breaches the second support level.
L3Harris Technologies Inc (NYSE: LHX) Key Stats
There are currently 189,668K shares outstanding in the company with a market cap of 39.21 billion. Presently, the company’s annual sales total 21,325 M according to its annual income of 1,502 M. Last quarter, the company’s sales amounted to 5,523 M and its income totaled 453,000 K.
