Is Wall Street High Or Low On Leonardo DRS Inc. (DRS)?


Leonardo DRS Inc. (NASDAQ:DRS) finished Friday with a subtraction of -$0.12 to close at $12.78, a downside of -0.93 percent. An average of 1,389,700 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week. The last 20 days have seen an average of 1,491,035 shares traded.

DRS stock has increased by 26.41% in the last month. The company shares reached their 1-month lowest point of $9.30 on 12/01/22. Shares of the company touched a low of $7.51 and a high of $16.70 in 52 weeks. In spite of this, the price is down -23.47% from the 52-week high.

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Valuation Metrics

Leonardo DRS Inc. (DRS) has a trailing price-to-earnings (P/E) ratio of 116.18. The stock’s beta is 0.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 28.87, the price-to-book (PB) ratio at 4.15.

Financial Health

The quick ratio of Leonardo DRS Inc. for the three months ended June 29 was 2.90, and the current ratio was 5.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $47.55 million compared to revenue of $117.24 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Leonardo DRS Inc.’s return on assets was 2.90%.

Earnings Surprise

The analyst consensus anticipated Leonardo DRS Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be -$0.09, a -250.00% surprise. For the quarter, EBITDA amounted to $376.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Leonardo DRS Inc. (DRS) price momentum. RSI 9-day as of the close on 30 December was 63.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.68%.

As of today, DRS’s price is $12.84 +2.40% or $0.30 from its 5-day moving average. DRS is currently trading +32.57% higher than its 20-day SMA.

The stochastic %K and %D were 78.79% and 80.33%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 79.84% and the average true range at 0.70, the RSI (14) stands at 63.81%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at 0.48.

Analyst Ratings

Robert W. Baird launched coverage on Leonardo DRS Inc. (NASDAQ: DRS) in its analyst report released on December 15, 2022. The firm assigned the stock an Outperform rating.


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