Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. L3Harris Technologies Inc’s current trading price is -3.69% away from its 52-week high, while its distance from the 52-week low is 32.54%. The stock’s price range during this period has varied between $193.09 and $265.74. The company, active in the Industrials sector, saw a trading volume of around 1.21 million for the day, considerably lower average daily volume of 1.54 million observed over the last three months.
L3Harris Technologies Inc had a pretty favorable run when it comes to the market performance.
How Financial Performance Impacts Market Capitalization
L3Harris Technologies Inc (LHX) has experienced a quarterly rise of 21.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 47.84B and boasts a workforce of 47000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
How LHX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for LHX stands at 0.64. Similarly, the long-term debt-to-equity ratio is also 0.57.
LHX Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 21.71%. However, over the past six months, we’ve seen a weaker performance of 10.95%. The price of LHX fallen by 16.52% over the last 30 days. And in the last five days, it has surged by 4.77%.
