Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Kellanova Co (NYSE: K) closed the day trading at $57.05 up 1.30% from the previous closing price of $56.32. In other words, the price has increased by $1.30 from its previous closing price. On the day, 1.53 million shares were traded. K stock price reached its highest trading level at $57.295 during the session, while it also had its lowest trading level at $56.101.
Ratios:
For a better understanding of K, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 80.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.67. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 2.09 whereas as Long-Term Debt/Eq ratio is at 1.56.
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, DA Davidson on March 01, 2024, initiated with a Buy rating and assigned the stock a target price of $67.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $57.
On December 12, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $56.Wells Fargo initiated its Equal Weight rating on December 12, 2023, with a $56 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 Jul 15 ’24 when KELLOGG W K FOUNDATION TRUST sold 77,800 shares for $56.19 per share. The transaction valued at 4,371,932 led to the insider holds 51,064,238 shares of the business.
KELLOGG W K FOUNDATION TRUST sold 77,800 shares of K for $4,367,412 on Jul 08 ’24. The 10% Owner now owns 51,142,038 shares after completing the transaction at $56.14 per share. On Jun 28 ’24, another insider, KELLOGG W K FOUNDATION TRUST, who serves as the 10% Owner of the company, sold 77,800 shares for $57.64 each. As a result, the insider received 4,484,586 and left with 51,219,838 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, K now has a Market Capitalization of 19504482304 and an Enterprise Value of 26055462912. As of this moment, Kellanova’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.37, and their Forward P/E ratio for the next fiscal year is 14.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 6.17. Its current Enterprise Value per Revenue stands at 2.007 whereas that against EBITDA is 14.115.
Stock Price History:
The Beta on a monthly basis for K is 0.34, which has changed by -0.095590174 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, K has reached a high of $64.02, while it has fallen to a 52-week low of $47.62. The 50-Day Moving Average of the stock is -3.87%, while the 200-Day Moving Average is calculated to be 2.79%.
Shares Statistics:
Over the past 3-months, K traded about 2.44M shares per day on average, while over the past 10 days, K traded about 1622450 shares per day. A total of 340.59M shares are outstanding, with a floating share count of 287.61M. Insiders hold about 15.88% of the company’s shares, while institutions hold 72.84% stake in the company. Shares short for K as of 1719532800 were 12331143 with a Short Ratio of 5.04, compared to 1717113600 on 10367911. Therefore, it implies a Short% of Shares Outstanding of 12331143 and a Short% of Float of 4.38.
Dividends & Splits
K’s forward annual dividend rate is 2.24, up from 2.31 a year ago. Against a Trailing Annual Dividend Yield of 0.041015625The stock’s 5-year Average Dividend Yield is 3.62. The current Payout Ratio is 84.89% for K, which recently paid a dividend on 2024-06-03 with an ex-dividend date of 1717372800. Stock splits for the company last occurred on 2023-10-02 when the company split stock in a 1065:1000 ratio.
