Stock News Recap: Leidos (NYSE: LDOS)

Leidos (NYSE: LDOS) reported change of -0.33% to $58 with the recent traded volume of 1161756 shares in most recent trading session compared to an average volume of 952.39K. The stock was changed with 2.89% over last five days period.

 The one month performance of stock was noted at 10.02%. LDOS’s shares are moving at -6.19% for the quarter and managed a -13.02% return over the course of the past year and is now at 10.02% since this point in 2018. 

Leidos (NYSE: LDOS) publicized that the Office of Naval Research (ONR)’s Medium Displacement Unmanned Surface Vessel (MDUSV), Sea Hunter, became the first ship to successfully autonomously navigate from San Diego to Pearl Harbor, Hawaii, and back without a single crew member onboard, except very short duration boardings by personnel from an escort vessel to check electrical and propulsion systems.

Leidos designed and built the 132-foot-long Trimaran, Sea Hunter, which is the first autonomous, unmanned vessel capable to travel for long periods of time and execute a variety of missions at a fraction of the cost for a manned ship. This recent achievement is part of an extended test phase, which has been ongoing since the end of 2016.

Sea Hunter will continue long duration and mission package testing throughout 2019. ONR awarded Leidos a potential $43.5 million contract to develop Sea Hunter II, which is currently under construction in Mississippi. The sister ship will be evolved based upon lessons learned during the first Sea Hunter build, evolving mission requirements, and further development of autonomy enhancements.

 The stock beta value is 1.66. LDOS stock changed at -8.19% distance from its 200-day moving average. On a similar note, the stock marked distance of 1.13% from its 50-day moving average and moved 4.83% away from its 20-day moving average. The average volatility for the week and month was at 1.57% and 1.95% respectively. Its quarter to quarter sales remained 2.90% and sales observed at 9.50% over past 5 years. The company holds 151 million shares outstanding and 148.81 million shares are floated in market.

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