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After finishing at $30.96 in the prior trading day, Karat Packaging Inc (NASDAQ: KRT) closed at $26.40, down -14.73%. In other words, the price has decreased by -$14.73 from its previous closing price. On the day, 0.72 million shares were traded.
Ratios:
Our goal is to gain a better understanding of KRT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 2.86. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.58.
On August 09, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $34 to $28.
On January 04, 2023, Lake Street started tracking the stock assigning a Buy rating and target price of $22.Lake Street initiated its Buy rating on January 04, 2023, with a $22 target price.
Valuation Measures:
As of this moment, Karat’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.60, and their Forward P/E ratio for the next fiscal year is 14.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 3.45.
Stock Price History:
Over the past 52 weeks, KRT has reached a high of $33.89, while it has fallen to a 52-week low of $23.00. The 50-Day Moving Average of the stock is -5.77%, while the 200-Day Moving Average is calculated to be -7.38%.
Shares Statistics:
A total of 20.04M shares are outstanding, with a floating share count of 6.90M. Insiders hold about 65.61% of the company’s shares, while institutions hold 24.76% stake in the company.
