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- 1 LDO stock price increased 0.29% over the past week the current price is above major EMAs and the current volume is above average volume.
- 2 Leonardo S.p.A (BIT: LDO) stock’s 52-week price range is between €6.912 – €14.045.
Leonardo S.p.A. is a company that operates in various industrial and technological sectors worldwide. It makes helicopters, aircraft, and space systems for different purposes. It also offers defense, security, and communication systems and solutions. It produces and assembles parts for aircraft and robots. It was founded in 1948 in Rome, Italy. It changed its name from Leonardo–Finmeccanica to Leonardo s.p.A. in 2017.
Based on recent data, the revenue of H1 2023 was €6.808 Billion with a net income of €196 Million. Moreover, the LDO stock’s estimated EPS for H1 23 was 0.40, and the reported EPS was 0.34 which gave a negative surprise of 15.00%.
LDO is a good value stock in the aerospace and defense sector. It has a low price-to-earnings ratio of 9.4x, which is much lower than its peers (41.6x) and the industry average (25.5x). It also has a fair price-to-earnings ratio of 15.1x, which is higher than its current price as reported by Simply Wall St.
According to Simply Wall, a financial website that provides analysis and insights on stocks, LDO’s earnings and revenue are growing at 6% and 4% per year, respectively. This is higher than the savings rate of 2.2% and the Italian market growth rate of -0.5%. LDO’s net profit margins have increased from 4.7% to 5.7% in the last year, and its earnings growth of 26.8% is higher than its 5-year average of 17.8%.
LDO has also reduced its debt-to-equity ratio from 110.7% to 53.7% in the past 5 years and has a satisfactory net debt-to-equity ratio of 39.9%. LDO’s debt is well covered by its operating cash flow of 36.4%, and its interest payments on its debt are well covered by its EBIT of 9x, as per the information shared by Simply Wall St.
Technical Analysis of LDO Stock Price in 1-D Timeframe
The LDO stock is still showing a strong upward trend and trading above the key moving averages. The trend in the stock price slowed down for a while but soon recovered. On the daily charts, LDO stock is in the bullish zone and has kept the uptrend above the 20 and 50-day EMAs.
LDO has been on a bullish trend since October last year before 2023 began. The LDO price bounced back from a major support of around €6.912 where there was high liquidity and strong buying, the price climbed up and still rising after the H1 release as the revenue was in green the price displayed a surge in buyers on the charts. The price also followed the Fibonacci levels of 61.80%, 50.00%, and 38.20% closely and rose from these Fibo levels throughout the uptrend.
The current stock price of LDO stock might achieve more as there is a possibility for the price to move upwards and make new highs as the next resistance level could be between €14.045 and €14.185 and go further up to €16, as per info on TV, 12 analysts forecasts maximum estimate for 1 year.
On the other hand, if the price breaks below the €13.465 significant support level, it might fall toward €13.110 and beyond up to €10, as 12 analysts forecast a minimum estimate for 1 year as per TradingView.
At the time of publishing, Leonardo S.p.A. (BIT: LDO) is trading above the major 20, and 50-day EMA. The histogram between the MACD line and the signal line is lean, suggesting price consolidation.
The current value of RSI is 75 and the curve shows traits of price consolidation as well. LDO stock’s average volume is 2.029 Million and the current volume is 4.972 Million, which is above average. Collectively, the details suggest consolidation to bullish sentiments in LDO price.
Summary
Leonardo S.p.A. (BIT: LDO) chart indicates that the traders and investors of the stock price are bullish on the 1-D time frame. Technical parameters for LDO also support the increase in bullish momentum and the graphs suggest some consolidation to bullishness in stock.
Technical Levels
- Support levels: €13.465 and €13.110
- Resistance levels: €14.045 and €14.185
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
