For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Leonardo DRS Inc. (NASDAQ: DRS) closed at $20.52 in the last session, down -4.65% from day before closing price of $21.52. In other words, the price has decreased by -$4.65 from its previous closing price. On the day, 1.16 million shares were traded. DRS stock price reached its highest trading level at $21.225 during the session, while it also had its lowest trading level at $19.88.
Ratios:
We take a closer look at DRS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.15. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5396083200 and an Enterprise Value of 5681795584. As of this moment, Leonardo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.36, and their Forward P/E ratio for the next fiscal year is 21.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 2.011 whereas that against EBITDA is 17.376.
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 -5.66%, while the 200-Day Moving Average is calculated to be 7.11%.
Shares Statistics:
According to the various share statistics, DRS traded on average about 671.57K shares per day over the past 3-months and 551530 shares per day over the past 10 days. 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 27.35% stake in the company. Shares short for DRS as of 1713139200 were 2238096 with a Short Ratio of 3.33, compared to 1710460800 on 2883748. Therefore, it implies a Short% of Shares Outstanding of 2238096 and a Short% of Float of 3.0700000000000003.
