Lockheed Martin Corporation (NYSE:LMT) finished Wednesday with an addition of $3.34 to close at $452.81, an upside of 0.74 percent. An average of 967,560 shares of common stock have been traded in the last five days. There was a gain of $4.25 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,299,250 shares traded, while the 50-day average volume stands at 1,066,758.
LMT stock has decreased by -2.89% in the last month. The company shares reached their 1-month lowest point of $444.63 on 07/31/23. With the stock rallying to its 52-week high on 04/18/23, shares of the company touched a low of $381.55 and a high of $508.10 in 52 weeks. It has reached a new high 8 times so far this year and lost -6.92% or -$33.68 in price. In spite of this, the price is down -10.88% from the 52-week high.
Insider Transactions
LMT stock investors should be aware that Lockheed Martin Corporation (LMT) stock had its last reported insider trading activity 112 days ago on Jul 19. In this transaction, the insider spent $1,173,593. Executive Vice President, Cahill Timothy S, disposed of 2,534 shares at a price of $479.44 on Mar 06. The insider now owns more than $1,214,908 worth of shares. Prior to that, SVP & General Counsel Lavan Maryanne went on to Sale 4,554 shares at $476.69 each on Mar 02. An amount of $2,170,840 was transacted.
Valuation Metrics
Lockheed Martin Corporation (LMT) has a trailing price-to-earnings (P/E) ratio of 16.55. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.70, the price-to-book (PB) ratio at 12.39, and the price-to-cash flow ratio at 38.75.
Financial Health
The quick ratio of Lockheed Martin Corporation for the recent quarter was 1.20, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.87 and a total debt to equity ratio of 1.90 for the recent quarter. Lockheed Martin Corporation’s EBITDA margin is 15.33%, while its operating margin for the same period stands at 12.80%. Its gross profit as reported stood at $8.29 billion compared to revenue of $65.98 billion.
Earnings Surprise
For the recent quarter, Lockheed Martin Corporation had $17.26 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.68 billion in the quarter, while revenues of $1.69 billion were grew 81.62%. Shareholders own equity worth $251.83 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Lockheed Martin Corporation (LMT) price momentum. RSI 9-day as of the close on 09 August was 52.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.11%.
As of today, LMT’s price is $449.14 +0.95% or $4.25 from its 5-day moving average. LMT is currently trading -1.98% lower than its 20-day SMA and -4.32% lower than its 100-day SMA. However, the stock’s current price level is +0.97% above the SMA50 and +1.91% above the SMA200.
The stochastic %K and %D were 44.08% and 28.21%, respectively, and the average true range (ATR) was 5.59. With the 14-day stochastic at 61.43% and the average true range at 6.01, the RSI (14) stands at 49.18%. The stock has reached 1.70 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.
Analyst Ratings
Susquehanna reiterated its a Positive rating on Lockheed Martin Corporation (NYSE: LMT), but raised their price target to $575, indicating a potential price increase of 21.25% for the stock.
