Lockheed Martin Corp. stock trades under the ticker LMT & has shown recent bullishness that traders & investors should research further into.
LMT stock closed at $422.08/share on 9/22/2022.
Lockheed Martin Corp. LMT Stock’s Technical Performance Broken Down
LMT Stock Price: $422.08
10 Day Moving Average: $417.34
50 Day Moving Average: $417.50
200 Day Moving Average: $409.83
RSI: 52.22
MACD: -1.19
Yesterday, LMT stock completed a bullish MACD crossover, closing above its 10 & 50 day moving averages.
Recent trading volumes have been about average compared to the year prior, and their RSI is neutral, signaling that there may be more near-term momentum to come.
They have support at $420.71 & $411.97/share, as they try to break out above the $423.84 & $432.10/share resistance levels.
Lockheed Martin Corp. LMT Stock As A Long-Term Investment
Long-term investors will like LMT stock’s 24.08 P/E (ttm), but will find their 9.66 P/B (mrq) to be very high.
They recently reported -9.3% Quarterly Revenue Growth Y-o-Y, with -83% Quarterly Earnings Growth Y-o-Y, which investors should dig deeper into before investing.
Their balance sheet may also require a more thorough examination, with $1.78B of Total Cash (mrq) & $11.64B of Total Debt (mrq).
LMT stock pays a 2.62% dividend, which may not be sustainable in the long-run, as their payout ratio is 63.58%.
76.1% of LMT stock’s outstanding share float is owned by institutional investors.
Lockheed Martin Corp. LMT Stock As A Short-Term Trade Using Options
Short-term focused traders can use options for protection from market volatility, while also profiting from movements in LMT stock.
I am looking at the contracts with the 10/21 expiration date.
The $420, $415 & $417.50 calls are all in-the-money, listed from most to least open interest.
The $425, $430 & $432.50 puts are also all in-the-money, with the former being more liquid than the latter.
Tying It All Together
LMT stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their dividend yield, but may want to look deeper into how sustainable it is, as well as how their balance sheet is structured.
Traders will like their recent technical performance, as well as the liquidity of their options.
Overall, it is worth taking a closer look into LMT stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF LMT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***