Lockheed Martin Corp. (NYSE:LMT) shares, rose in value on Friday, May 17, with the stock price up by 0.29% to the previous day’s close as strong demand from buyers drove the stock to $466.20.
Actively observing the price movement in the last trading, the stock closed the session at $464.83. The PE ratio was 17.05 over 12-month period. Referring to stock’s 52-week performance, its high was $479.50, and the low was $393.77. On the whole, LMT has fluctuated by 2.22% over the past month.
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The company’s Forward Dividend Ratio is 12.30, with its dividend yield at 2.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 69.76B, with a low estimate of 16.1B and a high estimate of 17.34B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.02B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LMT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.54, with the price of LMT currently trading nearly 0.37% and 2.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.57, while the 7-day volatility ratio is showing 1.32% which for the 30-day chart, stands at 1.33%. Furthermore, Lockheed Martin Corp. (LMT)’s beta value is 0.47, and its average true range (ATR) is 5.79.
A comparison of Lockheed Martin Corp. (LMT) with its peers suggests the former has fared considerably weaker in the market. LMT showed an intraday change of 0.29% in last session, and over the past year, it grew by 1.95%%.
Data on historical trading for Lockheed Martin Corp. (NYSE:LMT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.07 million. According to company’s latest data on outstanding shares, there are 240.00 million shares outstanding.
Nearly 0.06% of Lockheed Martin Corp.’s shares belong to company insiders and institutional investors own 75.03% of the company’s shares. The stock has risen by 2.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LMT stock heading into the next quarter.
