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After finishing at $21.57 in the prior trading day, Leonardo DRS Inc. (NASDAQ: DRS) closed at $21.25, down -1.48%. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 0.94 million shares were traded. DRS stock price reached its highest trading level at $22.12 during the session, while it also had its lowest trading level at $21.17.
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 11.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
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 this company, JP Morgan on February 26, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On September 27, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $20.
On June 09, 2023, Truist started tracking the stock assigning a Buy rating and target price of $19.Truist initiated its Buy rating on June 09, 2023, with a $19 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 Nov 21 ’23 when Leonardo S.p.a sold 20,700,000 shares for $17.06 per share. The transaction valued at 353,187,540 led to the insider holds 189,745,073 shares of the business.
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 5588048896 and an Enterprise Value of 5610885632. As of this moment, Leonardo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.51, and their Forward P/E ratio for the next fiscal year is 22.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 1.985 whereas that against EBITDA is 17.159.
Stock Price History:
Over the past 52 weeks, DRS has reached a high of $24.00, while it has fallen to a 52-week low of $14.12. The 50-Day Moving Average of the stock is -1.26%, while the 200-Day Moving Average is calculated to be 12.09%.
Shares Statistics:
The stock has traded on average 667.41K shares per day over the past 3-months and 670970 shares per day over the last 10 days, according to various share statistics. A total of 262.53M shares are outstanding, with a floating share count of 71.18M. Insiders hold about 72.89% of the company’s shares, while institutions hold 27.33% stake in the company. Shares short for DRS as of 1711584000 were 2502791 with a Short Ratio of 3.75, compared to 1709164800 on 3345797. Therefore, it implies a Short% of Shares Outstanding of 2502791 and a Short% of Float of 3.4299999999999997.
Earnings Estimates
A comprehensive evaluation of Leonardo DRS Inc. (DRS) is underway, with the input of Walt Disney Company (The) analysts contributing to its current rating.The consensus estimate for the next quarter is $124.27, with high estimates of $21.25 and low estimates of $7.17.
EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.
