Eastman Kodak Co. (KODK) attracts a new wave of investors despite economic turmoil

The price of Eastman Kodak Co. (NYSE: KODK) closed at $4.81 in the last session, down -3.61% from day before closing price of $4.99. In other words, the price has decreased by -$0.1800 from its previous closing price. On the day, 1945642 shares were traded. KODK stock price reached its highest trading level at $5.0550 during the session, while it also had its lowest trading level at $4.4800.

Ratios:

We take a closer look at KODK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.52. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 16 ’23 when Katz Philippe D bought 6,000 shares for $3.70 per share. The transaction valued at 22,200 led to the insider holds 161,496 shares of the business.

Katz Philippe D bought 3,000 shares of KODK for $13,770 on May 22 ’23. The Director now owns 155,496 shares after completing the transaction at $4.59 per share. On May 19 ’23, another insider, SILECK MICHAEL, who serves as the Director of the company, bought 15,000 shares for $4.39 each. As a result, the insider paid 65,850 and bolstered with 74,575 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KODK now has a Market Capitalization of 382.65M and an Enterprise Value of 832.65M. As of this moment, Eastman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 0.75 whereas that against EBITDA is 4.93.

Stock Price History:

Over the past 52 weeks, KODK has reached a high of $6.34, while it has fallen to a 52-week low of $3.17. The 50-Day Moving Average of the stock is 3.8918, while the 200-Day Moving Average is calculated to be 4.3047.

Shares Statistics:

According to the various share statistics, KODK traded on average about 1.29M shares per day over the past 3-months and 1.88M shares per day over the past 10 days. A total of 79.60M shares are outstanding, with a floating share count of 62.34M. Insiders hold about 21.98% of the company’s shares, while institutions hold 45.64% stake in the company. Shares short for KODK as of Feb 29, 2024 were 4.27M with a Short Ratio of 3.31, compared to 4.24M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.37% and a Short% of Float of 11.10%.

Earnings Estimates

The company has 0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.

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