In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
WK Kellogg Co (NYSE: KLG) closed the day trading at $23.80 up 8.13% from the previous closing price of $22.01. In other words, the price has increased by $8.13 from its previous closing price. On the day, 1.38 million shares were traded. KLG stock price reached its highest trading level at $23.82 during the session, while it also had its lowest trading level at $22.12.
Ratios:
For a better understanding of KLG, let’s 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 1.66 whereas as Long-Term Debt/Eq ratio is at 1.62.
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, Morgan Stanley on December 14, 2023, initiated with a Equal-Weight rating and assigned the stock a target price of $13.
On November 13, 2023, Evercore ISI started tracking the stock assigning a In-line rating and target price of $13.
On November 06, 2023, Barclays started tracking the stock assigning a Underweight rating and target price of $11.Barclays initiated its Underweight rating on November 06, 2023, with a $11 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 2042458752 and an Enterprise Value of 2316845056. Its current Enterprise Value per Revenue stands at 0.839 whereas that against EBITDA is 6.978.
Stock Price History:
Over the past 52 weeks, KLG has reached a high of $22.08, while it has fallen to a 52-week low of $9.65. The 50-Day Moving Average of the stock is 38.10%, while the 200-Day Moving Average is calculated to be 72.38%.
Shares Statistics:
Over the past 3-months, KLG traded about 1.15M shares per day on average, while over the past 10 days, KLG traded about 1038990 shares per day. 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 62.78% stake in the company. Shares short for KLG as of 1711584000 were 6490116 with a Short Ratio of 5.62, compared to 1709164800 on 5879491. Therefore, it implies a Short% of Shares Outstanding of 6490116 and a Short% of Float of 13.73.
Dividends & Splits
KLG’s forward annual dividend rate is 0.32, up from 0.16 a year ago. Against a Trailing Annual Dividend Yield of 0.0072694225
