Northrop Grumman Corp (NYSE:NOC) shares, rose in value on Friday, May 09, with the stock price down by -0.36% to the previous day’s close as strong demand from buyers drove the stock to $482.62.
Actively observing the price movement in the last trading, the stock closed the session at $484.37. The PE ratio was 19.00 over 12-month period. Referring to stock’s 52-week performance, its high was $555.57, and the low was $418.60. On the whole, NOC has fluctuated by -5.79% over the past month.
With the market capitalization of Northrop Grumman Corp currently standing at about $69.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 8.24, with its dividend yield at 1.71%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.19, with the price of NOC currently trading nearly -2.94% and -2.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.56, while the 7-day volatility ratio is showing 1.57% which for the 30-day chart, stands at 2.77%. Furthermore, Northrop Grumman Corp (NOC)’s beta value is 0.15, and its average true range (ATR) is 13.97.
A comparison of Northrop Grumman Corp (NOC) with its peers suggests the former has fared considerably weaker in the market. NOC showed an intraday change of -0.36% in last session, and over the past year, it grew by 1.87%%.
Data on historical trading for Northrop Grumman Corp (NYSE:NOC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 144.07 million shares outstanding.
Nearly 0.23% of Northrop Grumman Corp’s shares belong to company insiders and institutional investors own 83.86% of the company’s shares. The stock has risen by 2.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOC stock heading into the next quarter.
