L3Harris Technologies Inc (NYSE: LHX) is 13.12% higher on its value in year-to-date trading and has touched a low of $160.25 and a high of $240.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LHX stock was last observed hovering at around $240.42 in the last trading session, with the day’s loss setting it -2.17%.
Currently trading at $238.25, the stock is 5.33% and 6.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -0.90% at the moment leaves the stock 15.93% off its SMA200. LHX registered 20.35% gain for a year compared to 6-month gain of 16.17%.
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The stock witnessed a 9.56% loss in the last 1 month and extending the period to 3 months gives it a 18.92%, and is 4.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.90% over the week and 1.39% over the month.
L3Harris Technologies Inc (LHX) has around 50000 employees, a market worth around $45.19B and $20.16B in sales. Current P/E ratio is 38.66 and Fwd P/E is 16.79. Profit margin for the company is 5.82%. Distance from 52-week low is 48.67% and -0.98% from its 52-week high. The company has generated returns on investments over the last 12 months (3.94%).
The EPS is expected to grow by 4.91% this year
The shares outstanding are 189.81M, and float is at 189.06M with Short Float at 0.63%.
L3Harris Technologies Inc (LHX) Insider Activity
The most recent transaction is an insider sale by MIKUEN SCOTT T, the company’s Sr VP-General Counsel & Secy. SEC filings show that MIKUEN SCOTT T sold 15,887 shares of the company’s common stock on Jul 15 ’24 at a price of $235.00 per share for a total of $3.73 million. Following the sale, the insider now owns 47616.0 shares.
L3Harris Technologies Inc disclosed in a document filed with the SEC on Jul 11 ’24 that MIKUEN SCOTT T (Sr VP-General Counsel & Secy) sold a total of 10,527 shares of the company’s common stock. The trade occurred on Jul 11 ’24 and was made at $230.00 per share for $2.42 million. Following the transaction, the insider now directly holds 47616.0 shares of the LHX stock.
Still, SEC filings show that on Jun 17 ’24, Stackley Sean J (Sr. VP Strategy, Growth & Tech) disposed off 3,354 shares at an average price of $216.73 for $0.73 million. The insider now directly holds 14,186 shares of L3Harris Technologies Inc (LHX).
