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As of close of business last night, World Kinect Corp’s stock clocked out at $23.01, down -6.80% from its previous closing price of $24.69. In other words, the price has decreased by -$6.80 from its previous closing price. On the day, 0.92 million shares were traded. WKC stock price reached its highest trading level at $23.31 during the session, while it also had its lowest trading level at $21.38.
Ratios:
To gain a deeper understanding of WKC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.41.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on February 21, 2024, initiated with a Neutral rating and assigned the stock a target price of $25.
On November 06, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $24.
On July 06, 2023, Raymond James started tracking the stock assigning a Outperform rating and target price of $30.Raymond James initiated its Outperform rating on July 06, 2023, with a $30 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when STEBBINS PAUL H sold 40,000 shares for $24.65 per share. The transaction valued at 986,000 led to the insider holds 35,375 shares of the business.
STEBBINS PAUL H sold 20,000 shares of WKC for $487,400 on Feb 29 ’24. The Director now owns 75,375 shares after completing the transaction at $24.37 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WKC now has a Market Capitalization of 1377097856 and an Enterprise Value of 1934680320. As of this moment, World’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.66, and their Forward P/E ratio for the next fiscal year is 9.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.042 whereas that against EBITDA is 6.132.
Stock Price History:
Over the past 52 weeks, WKC has reached a high of $26.83, while it has fallen to a 52-week low of $17.69. The 50-Day Moving Average of the stock is -8.33%, while the 200-Day Moving Average is calculated to be 1.50%.
Shares Statistics:
It appears that WKC traded 571.42K shares on average per day over the past three months and 450950 shares per day over the past ten days. A total of 59.80M shares are outstanding, with a floating share count of 57.76M. Insiders hold about 3.49% of the company’s shares, while institutions hold 105.48% stake in the company. Shares short for WKC as of 1713139200 were 5386670 with a Short Ratio of 9.43, compared to 1710460800 on 5280370. Therefore, it implies a Short% of Shares Outstanding of 5386670 and a Short% of Float of 13.63.
Dividends & Splits
With its trailing 12-month dividend rate of 0.59, WKC has a forward annual dividend rate of 0.59. Against a Trailing Annual Dividend Yield of 0.023896312The stock’s 5-year Average Dividend Yield is 1.68.
