While Leonardo DRS Inc has underperformed by -4.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DRS rose by 57.68%, with highs and lows ranging from $33.29 to $17.97, whereas the simple moving average jumped by 22.04% in the last 200 days.
On September 24, 2024, BofA Securities Downgraded Leonardo DRS Inc (NASDAQ: DRS) to Neutral. A report published by BTIG Research on June 26, 2024, Initiated its previous ‘Buy’ rating for DRS. Morgan Stanley also rated DRS shares as ‘Equal-Weight’, setting a target price of $26 on the company’s shares in an initiating report dated May 24, 2024. JP Morgan Initiated an Neutral rating on February 26, 2024, and assigned a price target of $23. BofA Securities initiated its ‘Buy’ rating for DRS, as published in its report on September 27, 2023. Truist’s report from June 09, 2023 suggests a price prediction of $19 for DRS shares, giving the stock a ‘Buy’ rating. CJS Securities also rated the stock as ‘Market Outperform’.
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Analysis of Leonardo DRS Inc (DRS)
Further, the quarter-over-quarter increase in sales is 15.50%, showing a positive trend in the upcoming months.
One of the most important indicators of Leonardo DRS Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 8.18% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and DRS is recording 584.21K average volume. On a monthly basis, the volatility of the stock is set at 3.48%, whereas on a weekly basis, it is put at 5.06%, with a gain of 6.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $34.12, showing growth from the present price of $30.07, which can serve as yet another indication of whether DRS is worth investing in or should be passed over.
How Do You Analyze Leonardo DRS Inc Shares?
The Aerospace & Defense market is dominated by Leonardo DRS Inc (DRS) based in the USA. When comparing Leonardo DRS Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 42.52, there is a growth in quarterly earnings of 18.38%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 72.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DRS shares are owned by institutional investors to the tune of 26.62% at present.
