Set Your Sights On Leonardo DRS Inc. (NASDAQ: DRS)’S Upside Potential

Leonardo DRS Inc. (DRS) concluded trading on Thursday at a closing price of $22.09, with 0.45 million shares of worth about $9.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.80% during that period and on March 28, 2024 the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 262.53M shares, out of which, 71.04M shares are available for trading.

However, the stock later moved at a day high price of 22.12, or with a gain of 1.19%. Stock saw a price change of -0.94% in past 5 days and over the past one month there was a price change of -1.82%. Year-to-date (YTD), DRS shares are showing a performance of 10.23% which increased to 90.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.80 but also hit the highest price of $24.00 during that period. The average intraday trading volume for Leonardo DRS Inc. shares is 656.77K. The stock is currently trading -1.77% below its 20-day simple moving average (SMA20), while that difference is up 4.86% for SMA50 and it goes to 18.33% higher than SMA200.

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Leonardo DRS Inc. (NASDAQ: DRS) currently have 262.53M outstanding shares and institutions hold larger chunk of about 27.36% of that.

The stock has a current market capitalization of $5.80B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 34.83, while it has posted earnings per share of $0.63 in the same period. Its PEG reads 4.10 and has Quick Ratio of 1.47 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DRS, volatility over the week remained 2.27% while standing at 3.06% over the month.

Analysts are in expectations that Leonardo DRS Inc. (DRS) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.97 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.1 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.93% while it is estimated to increase by 19.79% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on February 26, 2024 offering a Neutral rating for the stock and assigned a target price of $23 to it. Coverage by BofA Securities stated Leonardo DRS Inc. (DRS) stock as a Buy in their note to investors on September 27, 2023, suggesting a price target of $20 for the stock. On June 09, 2023, Truist Initiated their recommendations, while on April 04, 2023, CJS Securities Initiated their ratings for the stock with a price target of $17. Stock get a Buy rating from Canaccord Genuity on February 10, 2023.

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