Leggett & Platt, Inc. (NYSE: LEG)’s stock price has gone rise by 5.26 in comparison to its previous close of 11.02, however, the company has experienced a 8.31% increase in its stock price over the last five trading days. zacks.com reported 2024-05-30 that Legget & Platt (LEG) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Leggett & Platt, Inc. (NYSE: LEG) Right Now?
LEG has 36-month beta value of 1.13. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LEG is 131.18M, and currently, short sellers hold a 5.36% ratio of that float. The average trading volume of LEG on June 03, 2024 was 2.45M shares.
LEG’s Market Performance
LEG stock saw a decrease of 8.31% in the past week, with a monthly decline of -12.45% and a quarterly a decrease of -43.77%. The volatility ratio for the week is 5.20%, and the volatility levels for the last 30 days are 4.28% for Leggett & Platt, Inc. (LEG). The simple moving average for the past 20 days is -4.25% for LEG’s stock, with a -47.38% simple moving average for the past 200 days.
Analysts’ Opinion of LEG
Many brokerage firms have already submitted their reports for LEG stocks, with Goldman repeating the rating for LEG by listing it as a “Neutral.” The predicted price for LEG in the upcoming period, according to Goldman is $34 based on the research report published on April 11, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see LEG reach a price target of $24, previously predicting the price at $31. The rating they have provided for LEG stocks is “Underweight” according to the report published on December 12th, 2022.
LEG Trading at -26.35% from the 50-Day Moving Average
After a stumble in the market that brought LEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.70% of loss for the given period.
Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 5.20%, as shares sank -14.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.56% lower at present.
During the last 5 trading sessions, LEG rose by +8.31%, which changed the moving average for the period of 200-days by -59.10% in comparison to the 20-day moving average, which settled at $12.02. In addition, Leggett & Platt, Inc. saw -55.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LEG starting from KLEIBOEKER RYAN MICHAEL, who purchase 10,000 shares at the price of $10.95 back on May 30 ’24. After this action, KLEIBOEKER RYAN MICHAEL now owns 52,110 shares of Leggett & Platt, Inc., valued at $109,499 using the latest closing price.
BLINN MARK A, the Director of Leggett & Platt, Inc., purchase 6,000 shares at $10.74 during a trade that took place back on May 23 ’24, which means that BLINN MARK A is holding 32,302 shares at $64,439 based on the most recent closing price.
Stock Fundamentals for LEG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.17 for the gross margin
The net margin for Leggett & Platt, Inc. stands at -0.03. The total capital return value is set at 0.09. Equity return is now at value -10.74, with -3.21 for asset returns.
Based on Leggett & Platt, Inc. (LEG), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is 3.68.
Currently, EBITDA for the company is 498.5 million with net debt to EBITDA at 4.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 7.26for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Leggett & Platt, Inc. (LEG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
