The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $34.77 in the prior trading day, Leonardo DRS Inc (NASDAQ: DRS) closed at $34.46, down -0.89%. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 1.12 million shares were traded. DRS stock price reached its highest trading level at $35.37 during the session, while it also had its lowest trading level at $33.57.
Ratios:
Our goal is to gain a better understanding of DRS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on September 24, 2024, Downgraded its rating to Neutral and sets its target price to $30 from $26 previously.
On June 26, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $30.
On May 24, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $26.Morgan Stanley initiated its Equal-Weight rating on May 24, 2024, with a $26 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 02 ’24 when Morrow Pamela bought 11,100 shares for $34.81 per share.
Wallace Sally bought 4,339 shares of DRS for $151,041 on Dec 02 ’24. On Dec 02 ’24, another insider, Lynn William III, who serves as the Officer of the company, bought 45,000 shares for $34.81 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRS now has a Market Capitalization of 9111119872 and an Enterprise Value of 9373122560. As of this moment, Leonardo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.41, and their Forward P/E ratio for the next fiscal year is 32.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 3.68. Its current Enterprise Value per Revenue stands at 2.948 whereas that against EBITDA is 24.731.
Stock Price History:
Over the past 52 weeks, DRS has reached a high of $37.99, while it has fallen to a 52-week low of $18.12. The 50-Day Moving Average of the stock is 9.78%, while the 200-Day Moving Average is calculated to be 31.39%.
Shares Statistics:
The stock has traded on average 584.99K shares per day over the past 3-months and 479610 shares per day over the last 10 days, according to various share statistics. A total of 264.31M shares are outstanding, with a floating share count of 73.80M. Insiders hold about 72.09% of the company’s shares, while institutions hold 26.14% stake in the company. Shares short for DRS as of 1731628800 were 1764455 with a Short Ratio of 3.02, compared to 1728950400 on 1767511. Therefore, it implies a Short% of Shares Outstanding of 1764455 and a Short% of Float of 2.3699999.
