Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Kinetik Holdings Inc (NYSE: KNTK) closed at $59.44 down -2.14% from its previous closing price of $60.74. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 0.7 million shares were traded.
Ratios:
For a deeper understanding of Kinetik Holdings Inc’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 458.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.64. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.72.
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, Scotiabank on January 10, 2025, initiated with a Sector Outperform rating and assigned the stock a target price of $64.
On April 22, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $40.Barclays initiated its Equal Weight rating on April 22, 2024, with a $40 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 Mar 28 ’24 when Wall Matthew sold 5,750 shares for $39.82 per share. The transaction valued at 228,965 led to the insider holds 530,066 shares of the business.
Carpenter Todd sold 2,500 shares of KNTK for $99,550 on Mar 28 ’24. The insider now owns 271,162 shares after completing the transaction at $39.82 per share. On Mar 22 ’24, another insider, Howard Trevor, who serves as the insider of the company, sold 7,000 shares for $37.62 each. As a result, the insider received 263,340 and left with 198,411 shares of the company.
Valuation Measures:
As of this moment, Kinetik’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.94, and their Forward P/E ratio for the next fiscal year is 27.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26.
Stock Price History:
Over the past 52 weeks, KNTK has reached a high of $67.60, while it has fallen to a 52-week low of $32.96. The 50-Day Moving Average of the stock is -1.80%, while the 200-Day Moving Average is calculated to be 20.59%.
Shares Statistics:
A total of 59.75M shares are outstanding, with a floating share count of 33.54M. Insiders hold about 43.87% of the company’s shares, while institutions hold 60.18% stake in the company.
