L3Harris Stock Price on June 30, 2022 Breakdown

LHX
 Stock
  

USD 236.74  5.45  2.36%   

As of today, the current price of L3Harris Technologies is  236.74 , as last reported on the 13th of August 2022, with the highest price reaching  236.75  and the lowest price hitting  230.69  during the day.
We consider L3Harris Technologies very steady. L3Harris Technologies has Sharpe Ratio of 0.0042, which conveys that the company had 0.0042% of return per unit of risk over the last 3 months. Our outlook to estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for L3Harris Technologies, which you can use to evaluate the future volatility of the entity. Please verify L3Harris Technologies Semi Deviation of 1.69, mean deviation of 1.29, and Downside Deviation of 1.72 to check out if the risk estimate we provide is consistent with the expected return of 0.0073%.
  
Net Income Common Stock is likely to rise to about 2 B in 2022. Price to Book Value is likely to rise to 3.27 in 2022. Price to Earnings Ratio is likely to rise to 29.65 in 2022. L3Harris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
190.4 M
Shares Outstanding
191.4 M
Shares Short Prior Month
2.5 M
Dividend Share
4.28
Earnings Share
9.69
Shares Short
1.9 M
Revenue Per Share
86.24

Related Headline

Travelers Companies Headline on 30th of June 2022

EPS Estimate
by EPS ESTIMATE
Quarterly Analyst Consensus: 1.97

L3Harris Technologies Valuation on June 30, 2022

It is possible to determine the worth of L3Harris Technologies on a given historical date. On June 30, 2022 L3Harris was worth 236.78 at the beginning of the trading date compared to the closed value of 241.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of L3Harris Technologies stock. Still, in general, we apply an absolute valuation method to find L3Harris Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against L3Harris Technologies' related companies.
 Open High Low Close Volume
  237.50    238.06    234.74    237.81    558,312  
06/30/2022
  236.78    241.78    235.58    241.70    1,016,788  
  242.14    244.64    238.55    243.24    564,089  
Backtest L3Harris Technologies  |  L3Harris Technologies History  |  L3Harris Technologies Valuation   PreviousNext  
Open Value 236.78
231.60
Downside
241.7
Closing Value
241.96
Upside

L3Harris Technologies Trading Date Momentum on June 30, 2022

On July 01 2022 L3Harris Technologies was traded for  243.24  at the closing time. Highest L3Harris Technologies's price during the trading hours was 244.64  and the lowest price during the day was  238.55 . The net volume was 564.1 K. The overall trading history on the 1st of July contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 0.64% . The trading delta at closing time to current price is 2.00% .

L3Harris Technologies Fundamentals Correlations and Trends

By evaluating L3Harris Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among L3Harris Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. L3Harris financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About L3Harris Technologies Stock history

L3Harris Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for L3Harris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in L3Harris Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing L3Harris Technologies historical stock prices may prove useful in developing a viable investing in L3Harris Technologies
Last ReportedProjected for 2022
Weighted Average Shares196.2 M179.9 M
Weighted Average Shares Diluted109 M108.4 M
Issuance Purchase of Equity Shares-3.6 B-3.7 B
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people.

L3Harris Technologies Quarterly Market Capitalization

46.91 Billion

L3Harris Technologies Stock Technical Analysis

L3Harris Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of L3Harris Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of L3Harris Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

L3Harris Technologies Period Price Range

Low
June 30, 2022
High

 236.78 

  

 241.70 

4.922.08%

L3Harris Technologies August 13, 2022 Market Strength

Market strength indicators help investors to evaluate how L3Harris Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading L3Harris Technologies shares will generate the highest return on investment. By undertsting and applying L3Harris Technologies stock market strength indicators, traders can identify L3Harris Technologies entry and exit signals to maximize returns

L3Harris Technologies Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for L3Harris stock's direction in advance. Along with the technical and fundamental analysis of L3Harris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of L3Harris to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Additionally, see Stocks Correlation. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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 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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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.2
Market Capitalization
44.3 B
Quarterly Revenue Growth YOY
-0.11
Return On Assets
0.0457
Return On Equity
0.0974
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.