Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of WK Kellogg Co (NYSE: KLG) was $21.97 for the day, down -9.48% from the previous closing price of $24.27. In other words, the price has decreased by -$9.48 from its previous closing price. On the day, 1.85 million shares were traded. KLG stock price reached its highest trading level at $23.765 during the session, while it also had its lowest trading level at $21.7625.
Ratios:
Our analysis of KLG’s different ratios will help us gain a deeper understanding of the company. 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:
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 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 1885412608 and an Enterprise Value of 2511219968. Its current Enterprise Value per Revenue stands at 0.913 whereas that against EBITDA is 7.054.
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 13.62%, while the 200-Day Moving Average is calculated to be 51.31%.
Shares Statistics:
KLG traded an average of 1.21M shares per day over the past three months and 1087270 shares per day over the past ten days. A total of 85.81M shares are outstanding, with a floating share count of 64.84M. Insiders hold about 24.28% of the company’s shares, while institutions hold 62.52% stake in the company. Shares short for KLG as of 1713139200 were 5752360 with a Short Ratio of 4.77, compared to 1710460800 on 6557462. Therefore, it implies a Short% of Shares Outstanding of 5752360 and a Short% of Float of 12.1700004.
Earnings Estimates
The dynamic stock of WK Kellogg Co (KLG) is currently attracting attention from 8 analysts actively involved in rating its market status.On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.37, while EPS last year was $0.49. The consensus estimate for the next quarter is $0.32, with high estimates of $0.38 and low estimates of $0.27.
Analysts are recommending an EPS of between $1.54 and $1.34 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $1.54, with 10.0 analysts recommending between $1.8 and $0.86.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $681.8M. There is a high estimate of $694.26M for the next quarter, whereas the lowest estimate is $670M.
A total of 9 analysts have provided revenue estimates for KLG’s current fiscal year. The highest revenue estimate was $2.74B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.72B. In the same quarter a year ago, actual revenue was $2.76BBased on 10 analysts’ estimates, the company’s revenue will be $2.71B in the next fiscal year. The high estimate is $2.74B and the low estimate is $2.68B.
