Lockheed Martin Corp. (NYSE:LMT) traded at $487.25 at last check on Tuesday, July 23, made an upward move of 2.67% on its previous day’s price.
Looking at the stock we see that its previous close was $474.59. The company has a trailing 12-month PE ratio of 17.82. In terms of its 52-week price range, LMT has a high of $480.86 and a low of $393.77. The company’s stock has gained about 4.20% over that past 30 days.
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Lockheed Martin Corp. has a market cap of $116.91 billion. With its Forward Dividend at 12.45 and a yield of 2.56%, the company’s investors could be anxious for the LMT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 6.46, with the EPS growth for the year raised at 26.26 for current year and 26.26 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 17.04B, with a low of 16.1B and a high of 17.4B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 69.82B, or 3.30% up from figures reported last year.
Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Lockheed Martin Corp. (LMT) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the LMT stock currently stands at 4.73, and the most recent price level today is 4.31% off its SMA20 and 4.59% from its 50-day simple moving average. The RSI (14) is pointing at 75.96 while the volatility over the past week is 1.29% and jumps to 1.14% over the past one month. The beta value is 0.46, while the average true range (ATR) is currently pointing at 6.49. The average price target for the stock over the next 12 months is $474, with the estimates having a low of $332 and a high of $542. These price ends are 31.86% and -11.24% off the today’s price level respectively, although investors could be excited at the prospect of a 2.72% if the LMT share price touches on the median price of $474.
Coming back to Lockheed Martin Corp. (NYSE:LMT), we note that the average 3-month trading volume was 919.51K, while that of the preceding 10-day period stands at 0.83 million. Current shares outstanding are 240.00 million.
The insiders hold 0.06% of the company’s shares while institutions hold 73.80%. The data shows that short shares as of 2024-06-28, stood at 2.15 million at a short ratio of 1.85. This represents a 1.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.06999999999999981.0699999999999998 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 1.89 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.50% up in year-to-date price movement.
