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In the latest session, World Kinect Corp (NYSE: WKC) closed at $26.40 down -15.76% from its previous closing price of $31.34. In other words, the price has decreased by -$15.76 from its previous closing price. On the day, 3.06 million shares were traded. WKC stock price reached its highest trading level at $29.37 during the session, while it also had its lowest trading level at $26.375.
Ratios:
For a deeper understanding of World Kinect Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 90.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.39.
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, Stifel on October 25, 2024, Downgraded its rating to Hold and sets its target price to $32 from $33 previously.
On September 16, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight but kept the price unchanged to $28.
On February 21, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $25.JP Morgan initiated its Neutral rating on February 21, 2024, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 19 ’24 when KASBAR MICHAEL J sold 58,948 shares for $27.92 per share. The transaction valued at 1,645,828 led to the insider holds 1,019,063 shares of the business.
KASBAR MICHAEL J bought 58,948 shares of WKC for $1,645,927 on Aug 19 ’24. On Aug 01 ’24, another insider, STEBBINS PAUL H, who serves as the Director of the company, sold 34,264 shares for $27.46 each. As a result, the insider received 940,889 and left with 0 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, WKC now has a Market Capitalization of 1833091840 and an Enterprise Value of 2049046912. As of this moment, World’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.74, and their Forward P/E ratio for the next fiscal year is 10.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 0.046 whereas that against EBITDA is 7.041.
Stock Price History:
Over the past 52 weeks, WKC has reached a high of $31.70, while it has fallen to a 52-week low of $17.69. The 50-Day Moving Average of the stock is -10.85%, while the 200-Day Moving Average is calculated to be 0.81%.
Shares Statistics:
For the past three months, WKC has traded an average of 857.72K shares per day and 1009240 over the past ten days. A total of 59.80M shares are outstanding, with a floating share count of 57.13M. Insiders hold about 3.32% of the company’s shares, while institutions hold 106.49% stake in the company. Shares short for WKC as of 1728950400 were 5539482 with a Short Ratio of 6.46, compared to 1726185600 on 5733356. Therefore, it implies a Short% of Shares Outstanding of 5539482 and a Short% of Float of 14.62.
Dividends & Splits
According to the company, the forward annual dividend rate for WKC is 0.65, from 0.65 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020740267The stock’s 5-year Average Dividend Yield is 1.83.
