LMT stock: buy or sell

LMT stock price: $387.24 -0.02% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

LMT stock brief

  • Counting on Wednesday, it's been 3 consecutive sessions in negative for Lockheed Martin. Price closed on Wednesday at $387.24 after just moving a -0.02%.
  • Lockheed Martin made public its financial report on Tuesday
  • Cowen posted a strong bullish rating for Lockheed Martin on Thursday, targeting $410.00

Should I buy Lockheed Martin stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $LMT stock a buy?

Currently, Lockheed Martin stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $LMT in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Lockheed Martin stock?

When you are a novel trader and you own a stock with some profit, it's really difficult to decide the good moment to sell and get your benefits. Trading strategies allow us to avoid impulsive decisions based on our personal emotions or the noise that surrounds the market. When selling, as well as buying, our setups are very simple to follow and are only valid for selling stocks in your porfolio, not for selling short $LMT stock

A guiding principle is that you should never mantain a trading operation that results in losses greater than those expected by the time of the buy. When to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Lockheed Martin stock?

In the current situation of Lockheed Martin there is not any eligible sell setup, so Lockheed Martin stock holders with operations in profit can keep their positions

Lockheed Martin ratings

In the last 30 days, 2 analyst ratings were published for Lockheed Martin. General sentiment is bullish, with 2 out of 2 posting optimistic outlooks

Lockheed Martin analysts' ratings - Last month
Brokerage firmRating
Apr 21st, 2021
Morgan Stanley Buy
Apr 22nd, 2021
Cowen Strong buy

Lockheed Martin stock analysis

SMAs overview

LMT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $391.83 (1.19% above)
  • R2: $396.05 (2.28% above)
  • R3: $409.07 (5.64% above)
  • The current supports are:

  • S1: $386.59 (-0.17% below)
  • S2: $384.62 (-0.68% below)
  • S3: $380.77 (-1.67% below)
  • Bollinger bands

    Since the price surpassed the upper band on April 8, the price dropped by 0.05%

    LMT stock Bollinger Bands chart

    Relative strength index

    Climbed above the overbought line Wednesday, marking a reading of 70.45. Crossing up above the overvalued zone is not a sell signal, as stock price can be above 70 for many, many weeks and may continue to rally

    LMT stock RSI chart

    Lockheed Martin stock price history

    Lockheed Martin started trading on Jan 3rd, 1977 priced at $0.35 per share1. Since then, LMT stock surged by 110,540.00%, with an average of 2,512.27% per year. If you had invested thousand dollars in Lockheed Martin stock on the IPO, it would worth $1,106,400.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    LMT stock price history chart

    Price target for Lockheed Martin stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial information by the company, and many times. If you are a small investor you must not invest based on these forecasts.

    Averaging all price targets exposed below, the forecasted price for Lockheed Martin stock is $434.00. Lockheed Martin closed at $387.24 on Wednesday, that is a 10.77% than the target price.

    Lockheed Martin stock price predictions
    Brokerage firmPrice target
    Apr 21st, 2021
    Morgan Stanley $445.00$458.00
    Apr 22nd, 2021
    Cowen $410.00

    Earnings and financials

    On Tuesday, Lockheed Martin Corporation ($LMT) posted adjusted EPS for that slightly improved Market expectations. Quarterly EPS was $6.56 per share compared to the forecasted $6.30. This Q1 report represents an earnings surprise of 4.13%. On the contrary, the company reported turnover was $16.3 billion consistent with the market estimates.

    This compares to Earnings of $6.08 per share a year ago, so current EPS means a gain of 7.89%. Revenue slightly moved on an annualized basis in the , from $156.5B to $162.6B last quarter.

    LMT ($LMT) is releasing Q2 earnings report next July.

    Lockheed Martin performance

    LMT performance compared
    Company1m3m6m
    Lockheed Martin ($LMT) 8.40% 14.20% 2.70%

    Important note:
    The comments expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the individual positions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for educative motives only

    LMT summary

    Wednesday, April 21st, 2021
    Open$387.52
    Close$387.24
    Day range$384.95 - $390.89
    Previous close$387.33
    Session gain-0.02%
    Average true range$6.48
    50d mov avg$355.98
    100d mov avg$350.85
    200d mov avg$361.77
    Earnings dateJuly 20th, 2021

    Frequently asked questions

    What is Lockheed Martin stock symbol?

    Lockheed Martin Corporation is a public company trading in the US stock market with the LMT symbol

    Is Lockheed Martin stock a buy or sell?

    Lockheed Martin received 2 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will LMT go up?

    Lockheed Martin had different price forecasts posted by analysts in the last 4 weeks forecasting the target price to $434.00. That is a 12.08% than the current price ($387.24).