Lockheed Martin Corp (NYSE:LMT) shares, rose in value on Friday, November 01, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $545.35.
Actively observing the price movement in the last trading, the stock closed the session at $546.05, falling within a range of $544.62 and $549.33. The value of beta (5-year monthly) was 0.47 whereas the PE ratio was 19.74 over 12-month period. Referring to stock’s 52-week performance, its high was $618.95, and the low was $413.92. On the whole, LMT has fluctuated by -9.98% over the past month.
With the market capitalization of Lockheed Martin Corp currently standing at about $129.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-21. The company’s Forward Dividend Ratio is 12.60, with its dividend yield at 2.31%.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 6.13, with the price of LMT currently trading nearly -6.77% and -5.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.29, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.58%. Furthermore, Lockheed Martin Corp (LMT)’s beta value is 0.48, and its average true range (ATR) is 9.70.
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 -0.13% in last session, and over the past year, it grew by 20.55%%.
Data on historical trading for Lockheed Martin Corp (NYSE:LMT) indicates that the trading volumes over the past 10 days have averaged 1.23 and over the past 3 months, they’ve averaged 985.24K. 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 73.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.4 million shares as on 2024-10-15, resulting in a short ratio of 2.43. According to the data, the short interest in Lockheed Martin Corp (LMT) stood at 122.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.93 million. The stock has risen by 20.32% 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.
