Lockheed Martin (LMT, $299.44) sued over alleged kickback scheme
According to the Department of Justice, the US is suing Lockheed Martin Services, Mission Support Alliance, and an LMT executive for allegations of a multibillion-dollar agreement to clean up the Hanford, Wash nuclear site, the biggest environmental cleanup in US history.
The allegation entails that LMT paid more than $1 million to executives of Mission Support Alliance, a joint venture that it partially owned, to help win a $232 million subcontract for providing management and technology support at the nuclear site during 2010-16. The allegation goes on to state that Lockheed bypassed open competition and concealed the amount of profit included in its billing rates.
Lockheed Martin disputed the charges. An LMT spokeswoman in an email said that Lockheed Martin categorically denies the allegations made by the Department of Justice and rejects the suggestion that the Corporation or Frank Armijo engaged in any wrongdoing, adding that Lockheed Martin will defend this matter vigorously. A spokeswoman for Mission Support Alliance said the company disagrees with the allegations, and they emphasized the firm’s commitment to “integrity and compliance at all levels of the company.”
LMT's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for LMT turned positive on October 01, 2024. Looking at past instances where LMT's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 20, 2024. You may want to consider a long position or call options on LMT as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LMT advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 275 cases where LMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for LMT moved out of overbought territory on October 10, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LMT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
LMT broke above its upper Bollinger Band on October 01, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 68%.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. LMT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (22.573) is normal, around the industry mean (7.141). P/E Ratio (21.218) is within average values for comparable stocks, (44.496). LMT's Projected Growth (PEG Ratio) (4.987) is very high in comparison to the industry average of (1.790). Dividend Yield (0.022) settles around the average of (0.015) among similar stocks. P/S Ratio (2.008) is also within normal values, averaging (4.176).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
a manufacturer of components and systems for aerospace and defense use
Industry AerospaceDefense