Leonardo DRS Inc [DRS] stock is trading at $30.72, up 2.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DRS shares have gain 8.74% over the last week, with a monthly amount glided 4.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Leonardo DRS Inc [NASDAQ: DRS] stock has seen the most recent analyst activity on September 24, 2024, when BofA Securities downgraded its rating to a Neutral and also boosted its price target to $30 from $26. Previously, BTIG Research started tracking the stock with Buy rating on June 26, 2024, and set its price target to $30. On May 24, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $26 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $23 on February 26, 2024. BofA Securities initiated its recommendation with a Buy and recommended $20 as its price target on September 27, 2023. Truist started tracking with a Buy rating for this stock on June 09, 2023, and assigned it a price target of $19. In a note dated April 04, 2023, CJS Securities initiated an Market Outperform rating and provided a target price of $17 on this stock.
Leonardo DRS Inc [DRS] stock has fluctuated between $17.97 and $33.29 over the past year. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. Leonardo DRS Inc [NASDAQ: DRS] shares were valued at $30.72 at the most recent close of the market. An investor can expect a potential drop of -0.72% based on the average DRS price forecast.
Analyzing the DRS fundamentals
Leonardo DRS Inc [NASDAQ:DRS] reported sales of 3.18B for the trailing twelve months, which represents a growth of 15.50%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 30.25 points at the first support level, and at 29.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.23, and for the 2nd resistance point, it is at 31.73.
Ratios To Look Out For
For context, Leonardo DRS Inc’s Current Ratio is 2.11. Also, the Quick Ratio is 1.70, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 3.28 and price to earnings (TTM) ratio is 41.37.
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.
