Lockheed Martin Corp (NYSE:LMT) shares, rose in value on Friday, January 03, with the stock price down by -0.09% to the previous day’s close as strong demand from buyers drove the stock to $481.82.
Actively observing the price movement in the last trading, the stock closed the session at $482.25, falling within a range of $480.956 and $483.9224. The value of beta (5-year monthly) was 0.481 whereas the PE ratio was 17.44 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 -6.80% over the past month.
With the market capitalization of Lockheed Martin Corp currently standing at about $114.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 12.75, with its dividend yield at 2.65%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 71.24B, with a low estimate of 17.78B and a high estimate of 18.95B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 18.75B.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 5.41, with the price of LMT currently trading nearly -2.36% and -7.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.14, while the 7-day volatility ratio is showing 1.14% which for the 30-day chart, stands at 1.43%. Furthermore, Lockheed Martin Corp (LMT)’s beta value is 0.49, and its average true range (ATR) is 7.63.
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 -0.09% in last session, and over the past year, it grew by 4.94%%.
Data on historical trading for Lockheed Martin Corp (NYSE:LMT) indicates that the trading volumes over the past 10 days have averaged 1.21 and over the past 3 months, they’ve averaged 1.16 million. According to company’s latest data on outstanding shares, there are 237.03 million shares outstanding.
Nearly 0.06% of Lockheed Martin Corp’s shares belong to company insiders and institutional investors own 74.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.83 million shares as on 2024-12-13, resulting in a short ratio of 2.08. According to the data, the short interest in Lockheed Martin Corp (LMT) stood at 141.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 2.65 million. The stock has fallen by -0.85% 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.
