A share price of Leonardo DRS Inc [DRS] is currently trading at $35.97, up 3.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DRS shares have gain 3.15% over the last week, with a monthly amount glided 14.15%, 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 experienced fluctuations in its stock price throughout the past year between $18.24 and $37.99. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Leonardo DRS Inc [NASDAQ: DRS] shares were valued at $35.97 at the most recent close of the market. An investor can expect a potential drop of -11.04% based on the average DRS price forecast.
Analyzing the DRS fundamentals
Trailing Twelve Months sales for Leonardo DRS Inc [NASDAQ:DRS] were 3.18B which represents 15.50% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 35.25 points at the first support level, and at 34.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.35, and for the 2nd resistance point, it is at 36.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Leonardo DRS Inc [NASDAQ:DRS] is 2.11. In addition, the Quick Ratio stands at 1.70 and the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 2.99, the price to book ratio is 3.84 and price to earnings (TTM) ratio is 48.44.
Transactions by insiders
Recent insider trading involved Lynn William III, Chief Executive Officer, that happened on Dec 02 ’24 when 45000.0 shares were sold. EVP and CFO, Dippold Michael completed a deal on Dec 02 ’24 to sell 25880.0 shares. Meanwhile, EVP, GC and Secretary Dorfman Mark sold 23042.0 shares on Dec 02 ’24.
