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The closing price of WK Kellogg Co (NYSE: KLG) was $21.56 for the day, up 2.67% from the previous closing price of $21.00. In other words, the price has increased by $2.67 from its previous closing price. On the day, 1.39 million shares were traded. KLG stock price reached its highest trading level at $21.66 during the session, while it also had its lowest trading level at $20.72.
Ratios:
Our analysis of KLG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 40.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.76.
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 the company, BofA Securities on July 10, 2024, Downgraded its rating to Underperform and sets its target price to $17 from $24 previously.
On May 08, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $20.
On December 14, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $13.Morgan Stanley initiated its Equal-Weight rating on December 14, 2023, with a $13 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Gund G Zachary bought 55,000 shares for $17.20 per share. The transaction valued at 946,082 led to the insider holds 250,000 shares of the business.
Gund G Zachary bought 65,000 shares of KLG for $1,165,801 on Nov 12 ’24. The Director now owns 65,000 shares after completing the transaction at $17.94 per share. On Nov 14 ’24, another insider, Gund G Zachary, who serves as the Director of the company, bought 65,000 shares for $17.76 each. As a result, the insider paid 1,154,101 and bolstered with 195,000 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 1856859264 and an Enterprise Value of 2401860352. As of this moment, WK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.71, and their Forward P/E ratio for the next fiscal year is 14.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 5.87. Its current Enterprise Value per Revenue stands at 0.883 whereas that against EBITDA is 6.065.
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 $10.99. The 50-Day Moving Average of the stock is 22.31%, while the 200-Day Moving Average is calculated to be 19.48%.
Shares Statistics:
KLG traded an average of 901.70K shares per day over the past three months and 1303250 shares per day over the past ten days. A total of 85.81M shares are outstanding, with a floating share count of 65.03M. Insiders hold about 24.49% of the company’s shares, while institutions hold 71.57% stake in the company. Shares short for KLG as of 1731628800 were 10330575 with a Short Ratio of 11.46, compared to 1728950400 on 9735841. Therefore, it implies a Short% of Shares Outstanding of 10330575 and a Short% of Float of 21.709999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 0.64, KLG has a forward annual dividend rate of 0.64. Against a Trailing Annual Dividend Yield of 0.03047619
