Northrop Grumman Corp (NYSE:NOC) shares, rose in value on Friday, December 13, with the stock price down by -0.31% to the previous day’s close as strong demand from buyers drove the stock to $480.00.
Actively observing the price movement in the last trading, the stock closed the session at $481.51, falling within a range of $477.67 and $484.015. The value of beta (5-year monthly) was 0.346 whereas the PE ratio was 29.72 over 12-month period. Referring to stock’s 52-week performance, its high was $555.57, and the low was $418.60. On the whole, NOC has fluctuated by -7.77% over the past month.
With the market capitalization of Northrop Grumman Corp currently standing at about $69.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 8.05, with its dividend yield at 1.68%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.99, with the price of NOC currently trading nearly -1.21% and -5.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.13, while the 7-day volatility ratio is showing 1.88% which for the 30-day chart, stands at 1.90%. Furthermore, Northrop Grumman Corp (NOC)’s beta value is 0.34, and its average true range (ATR) is 8.83.
A comparison of Northrop Grumman Corp (NOC) with its peers suggests the former has fared considerably weaker in the market. NOC showed an intraday change of -0.31% in last session, and over the past year, it shrunk by -1.03%%.
Data on historical trading for Northrop Grumman Corp (NYSE:NOC) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 709.19K. According to company’s latest data on outstanding shares, there are 145.81 million shares outstanding.
Nearly 0.21% of Northrop Grumman Corp’s shares belong to company insiders and institutional investors own 82.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.63 million shares as on 2024-11-29, resulting in a short ratio of 2.14. According to the data, the short interest in Northrop Grumman Corp (NOC) stood at 112.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.44 million. The stock has risen by 2.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOC stock heading into the next quarter.
