Lockheed Martin Corp. stock trades under the ticker LMT & has shown recent bullishness that traders & investors should take a closer look into.
LMT stock closed at $447.54/share on 5/25/2022.
Lockheed Martin Corp. LMT Stock’s Technicals Broken Down
LMT Stock Price: $447.54
10 Day Moving Average: $435.58
50 Day Moving Average: $444.29
200 Day Moving Average: $381.52
RSI: 55.7
MACD: -1.924
Yesterday, LMT stock completed a bullish MACD crossover, while breaking out above its 50 day moving average.
After three straight days of gains, and having a neutral RSI, there looks to be more room to run in the near-term for LMT stock.
They will need to break out above the $448.63, $448.78 & $449.58/share resistance levels.
Lockheed Martin Corp. LMT Stock As A Long-Term Investment
Long-term oriented investors will like LMT stock’s P/E (ttm) of 18.73, but may find their 11.28 P/B (mrq) to be a bit too rich.
They recently reported -8% Quarterly Revenue Growth Y-o-Y, with -5.7% Quarterly Earnings growth Y-o-Y.
Their balance sheet will require closer examination before investing, as they report $1.88B in Total Cash (mrq), with $11.64B of Total Debt (mrq).
LMT stock pays a 2.44% dividend yield, which appears stable in the long-run, as their payout ratio is 47.7%.
76.3% of LMT stock’s outstanding share float is owned by institutional investors.
Lockheed Martin Corp. LMT Stock As A Short-Term Trade Using Options
LMT stock has options that short term oriented traders can use to profit from their price movements, while protecting themselves from volatility.
I am looking at the contracts with the 6/17 expiration date.
The $435, $440 & $445 call options all look appealing & have sufficient levels of liquidity.
The $460, $455 & $450 puts also look appealing, although they have slightly lower open interest levels.
Tying It All Together
LMT stock offers a lot of opportunity for traders & investors alike.
Investors will like their dividend yield & valuation, but may want to look closer into their balance sheet structure.
Traders will like their current momentum, as well as the liquidity of their options contracts.
Overall, LMT stock is worth taking a closer look at to see if it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF LMT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***