LDOS Stock Summary and Trading Ideas (Leidos Holdings | NYSE:LDOS)

Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides technologically latest services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.

Leidos Holdings trades on the NYSE stock market under the symbol LDOS.

As of April 24, 2024, LDOS stock price declined to $128.13 with 234,373 million shares trading.

LDOS has a beta of 1.14, meaning it tends to be more sensitive to market movements. LDOS has a correlation of 0.29 to the broad based SPY ETF.

LDOS has a market cap of $17.30 billion. This is considered a Large Cap stock.

Last quarter Leidos Holdings reported $4 billion in Revenue and $1.99 earnings per share. This beat revenue expectation by $180 million and exceeded earnings estimates by $.25.

In the last 3 years, LDOS stock traded as high as $131.50 and as low as $76.58.

The top ETF exchange traded funds that LDOS belongs to (by Net Assets): RAYD, VTI, VOO, VB, SPY.

LDOS has outperformed the market in the last year with a price return of +41.3% while the SPY ETF gained +24.0%. LDOS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.2% and +0.8%, respectively, while the SPY returned +4.4% and -2.8%, respectively.

LDOS support price is $127.26 and resistance is $130.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LDOS stock will trade within this expected range on the day.