The price of Leonardo DRS Inc. (NASDAQ:DRS) shares last traded on Wall Street rose 2.43% to $12.65.
DRS stock price is now -2.68% away from the 50-day moving average and 12.58% away from the 200-day moving average. The market capitalization of the company currently stands at $6.77B.
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With the price target of $17, Canaccord Genuity recently initiated with Buy rating for Leonardo DRS Inc. (NASDAQ: DRS). On December 15, 2022, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $19.
A total of 82.09% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DRS stock. A new stake in Leonardo DRS Inc. shares was purchased by COOPER CREEK PARTNERS MANAGEMENT LLC during the first quarter worth $21,488,000. MADISON AVENUE PARTNERS, LP invested $17,329,000 in shares of DRS during the first quarter. In the first quarter, MACQUARIE GROUP LTD acquired a new stake in Leonardo DRS Inc. valued at approximately $16,693,000. RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in DRS for approximately $14,740,000. MOUNTAINEER PARTNERS MANAGEMENT, LLC purchased a new stake in DRS valued at around $8,895,000 in the second quarter. In total, there are 123 active investors with 15.90% ownership of the company’s stock.
A candlestick chart of Leonardo DRS Inc. (NASDAQ: DRS) showed a price of $12.21 on Thursday morning. During the past 12 months, Leonardo DRS Inc. has had a low of $7.51 and a high of $16.70. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.00, and a quick ratio of 2.90. The fifty day moving average price for DRS is $13.00 and a two-hundred day moving average price translates $11.23 for the stock.
The latest earnings results from Leonardo DRS Inc. (NASDAQ: DRS) was released for Sep, 2022. According to the Aerospace & Defense Company, earnings per share came in at -$0.09, missing analysts’ expectations of $0.06 by -0.15. This compares to $0.24 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 3.80% for DRS. The company reported revenue of $634.0 million for the quarter, compared to $720.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.94 percent. For the current quarter, analysts expect DRS to generate $31.7M in revenue.
Leonardo DRS Inc.(DRS) Company Profile
Leonardo DRS, Inc., together with its subsidiaries, provides defense products and technologies in the land, air, sea, space, cyber and security, and commercial domains for military applications. It operates in two segments, Advanced Sensing and Computing, and Integrated Mission Systems. The company offers advanced sensor technologies, including infrared systems and sensors for threat detection and situational awareness; uncooled infrared systems and brownout solutions; airborne, ground vehicle mounted, and dismounted soldier electronic warfare (EW) systems; and EW software and training systems, and intelligence solutions. It also provides computing systems for ground vehicles, ships, and submarines; network and data distribution applications; sensor systems; and networked computing infrastructure on military platform. In addition, the company offers force protection systems, such as solutions for counter-unmanned aerial systems, short-range air defense systems, and active protection systems; and power control, distribution, conversion, and propulsion systems, as well as hybrid electric drive propulsion systems, energy storage, gas turbine packages, nuclear instrumentation and controls, and thermal management and refrigeration equipment. It serves the U.S. military, aerospace and defense prime contractors, government intelligence agencies, and international military customers. The company was incorporated in 1968 and is based in Arlington, Virginia. Leonardo DRS, Inc. operates as a subsidiary of Leonardo S.p.a.
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