L3Harris Technologies Trading Down 0.5 percent on Analyst Downgrade - MarketBeat
| HRS Stock | EUR 208.90 2.80 1.32% |
Roughly 62% of L3Harris Technologies' investor base is looking to short. The analysis of current outlook of investing in L3Harris Technologies suggests that many traders are alarmed regarding L3Harris Technologies' prospects. The current market sentiment, together with L3Harris Technologies' historical and current headlines, can help investors time the market. In addition, many technical investors use L3Harris Technologies stock news signals to limit their universe of possible portfolio assets.
L3Harris Technologies stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of L3Harris daily returns and investor perception about the current price of L3Harris Technologies as well as its diversification or hedging effects on your existing portfolios.
L3Harris |
L3Harris Technologies Trading Down 0.5 percent on Analyst Downgrade MarketBeat
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L3Harris Technologies Fundamental Analysis
We analyze L3Harris Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of L3Harris Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of L3Harris Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
L3Harris Technologies is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
L3Harris Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with L3Harris Technologies stock to make a market-neutral strategy. Peer analysis of L3Harris Technologies could also be used in its relative valuation, which is a method of valuing L3Harris Technologies by comparing valuation metrics with similar companies.
Peers
L3Harris Technologies Related Equities
| LC0A | Luckin Coffee | 1.60 | ||||
| 9MF | MTY Food | 1.38 | ||||
| CM2 | CAL MAINE | 0.23 | ||||
| ZCG | BJs Restaurants | 0.59 | ||||
| 751 | Algonquin Power | 1.64 | ||||
| UUEC | United Utilities | 1.67 |
Complementary Tools for L3Harris Stock analysis
When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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