At the time of writing, Leonardo DRS Inc. [DRS] stock is trading at $20.95, up 0.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DRS shares have gain 1.45% over the last week, with a monthly amount drifted -8.87%, and not seem to be holding up well over a long-time horizon.
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On 4, April 2024, Leonardo DRS Recognized with Prestigious Award for Revolutionary Infrared Sensor. In a post published today on Yahoo Finance, Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been recognized with the prestigious 2024 Herschel Award for the development of a groundbreaking cooled infrared sensor that unlocks the ability for advanced military and scientific capabilities across multiple domains, including space. The award was presented by the Military Sensing Symposium Materials and Detectors Specialty Group.
From an analyst’s perspective:
Leonardo DRS Inc. [NASDAQ: DRS] stock has seen the most recent analyst activity on February 26, 2024, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $23. Previously, BofA Securities started tracking the stock with Buy rating on September 27, 2023, and set its price target to $20. On June 09, 2023, Truist initiated with a Buy rating and assigned a price target of $19 on the stock. CJS Securities started tracking the stock assigning a Market Outperform rating and suggested a price target of $17 on April 04, 2023. Canaccord Genuity initiated its recommendation with a Buy and recommended $17 as its price target on February 10, 2023. Robert W. Baird started tracking with a Outperform rating for this stock on December 15, 2022, and assigned it a price target of $19.
For the past year, the stock price of Leonardo DRS Inc. fluctuated between $14.12 and $24.00. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Leonardo DRS Inc. [NASDAQ: DRS] shares were valued at $20.95 at the most recent close of the market. An investor can expect a potential drop of -9.31% based on the average DRS price forecast.
Analyzing the DRS fundamentals
According to Leonardo DRS Inc. [NASDAQ:DRS], the company’s sales were 2.83B for trailing twelve months, which represents an 12.93% jump. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.75 points at the first support level, and at 20.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.11, and for the 2nd resistance point, it is at 21.27.
Leonardo DRS Inc. [DRS] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.3/share, meaning a difference of $0.01 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.2 per share as compared to estimates of $0.16 per share, a difference of $0.04 representing a surprise of 25.00%.
Ratios To Look Out For
It is important to note that Leonardo DRS Inc. [NASDAQ:DRS] has a current ratio of 1.78. As well, the Quick Ratio is 1.47, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 2.37 and price to earnings (TTM) ratio is 33.03.
Transactions by insiders
Recent insider trading involved Leonardo S.p.a, 10% Owner, that happened on Nov 21 ’23 when 20.7 million shares were sold.
