Market Recap Check: WK Kellogg Co (KLG)’s Positive Finish at 21.86, Up/Down 0.41

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The price of WK Kellogg Co (NYSE: KLG) closed at $21.86 in the last session, up 0.41% from day before closing price of $21.77. In other words, the price has increased by $0.41 from its previous closing price. On the day, 1.09 million shares were traded. KLG stock price reached its highest trading level at $22.0 during the session, while it also had its lowest trading level at $21.61.

Ratios:

We take a closer look at KLG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.62.

On December 14, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $13.

On November 13, 2023, Evercore ISI started tracking the stock assigning a In-line rating and target price of $13.Evercore ISI initiated its In-line rating on November 13, 2023, with a $13 target price.

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 Feb 28 ’24 when MURGUIA RAMON bought 1,000 shares for $14.64 per share. The transaction valued at 14,640 led to the insider holds 10,860 shares of the business.

Brice Sherry bought 3,150 shares of KLG for $37,019 on Nov 22 ’23. The Chief Supply Chain Officer now owns 9,335 shares after completing the transaction at $11.75 per share. On Nov 14 ’23, another insider, Brice Sherry, who serves as the Chief Supply Chain Officer of the company, bought 5,580 shares for $10.77 each. As a result, the insider paid 60,077 and bolstered with 6,185 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, KLG now has a Market Capitalization of 1877282304 and an Enterprise Value of 2311282688. Its current Enterprise Value per Revenue stands at 0.84 whereas that against EBITDA is 6.492.

Stock Price History:

Over the past 52 weeks, KLG has reached a high of $24.63, while it has fallen to a 52-week low of $9.65. The 50-Day Moving Average of the stock is 10.54%, while the 200-Day Moving Average is calculated to be 49.09%.

Shares Statistics:

According to the various share statistics, KLG traded on average about 1.22M shares per day over the past 3-months and 1204840 shares per day over the past 10 days. A total of 85.81M shares are outstanding, with a floating share count of 64.84M. Insiders hold about 24.28% of the company’s shares, while institutions hold 60.98% stake in the company. Shares short for KLG as of 1714435200 were 6330302 with a Short Ratio of 5.18, compared to 1711584000 on 6490116. Therefore, it implies a Short% of Shares Outstanding of 6330302 and a Short% of Float of 13.389999999999999.

Dividends & Splits

The forward annual dividend rate for KLG is 0.32, which was 0.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.014699127

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