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After finishing at $17.04 in the prior trading day, WK Kellogg Co (NYSE: KLG) closed at $17.24, up 1.17%. In other words, the price has increased by $1.17 from its previous closing price. On the day, 1.03 million shares were traded. KLG stock price reached its highest trading level at $17.48 during the session, while it also had its lowest trading level at $16.99.
Ratios:
Our goal is to gain a better understanding of KLG by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1480528128 and an Enterprise Value of 1914528640. Its current Enterprise Value per Revenue stands at 0.696 whereas that against EBITDA is 5.378.
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 -16.69%, while the 200-Day Moving Average is calculated to be 12.38%.
Shares Statistics:
The stock has traded on average 1.01M shares per day over the past 3-months and 883210 shares per day over the last 10 days, according to various share statistics. A total of 85.81M shares are outstanding, with a floating share count of 65.03M. Insiders hold about 24.28% of the company’s shares, while institutions hold 64.91% stake in the company. Shares short for KLG as of 1715731200 were 6344403 with a Short Ratio of 7.72, compared to 1713139200 on 5752360. Therefore, it implies a Short% of Shares Outstanding of 6344403 and a Short% of Float of 13.4.
Dividends & Splits
In the trailing 12 months, KLG’s forward annual dividend rate was 0.32, compared to 0.48 this year. Against a Trailing Annual Dividend Yield of 0.018779341
