Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $20.12 in the prior trading day, WK Kellogg Co (NYSE: KLG) closed at $18.23, down -9.39%. In other words, the price has decreased by -$9.39 from its previous closing price. On the day, 1.28 million shares were traded. KLG stock price reached its highest trading level at $20.04 during the session, while it also had its lowest trading level at $18.22.
Ratios:
Our goal is to gain a better understanding of KLG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.58. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.76.
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 the company, BofA Securities on July 10, 2024, Downgraded its rating to Underperform and sets its target price to $17 from $24 previously.
On May 08, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $20.
On December 14, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $13.Morgan Stanley initiated its Equal-Weight rating on December 14, 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 Nov 15 ’24 when Gund G Zachary bought 55,000 shares for $17.20 per share. The transaction valued at 946,082 led to the insider holds 250,000 shares of the business.
Gund G Zachary bought 65,000 shares of KLG for $1,165,801 on Nov 12 ’24. The Director now owns 65,000 shares after completing the transaction at $17.94 per share. On Nov 14 ’24, another insider, Gund G Zachary, who serves as the Director of the company, bought 65,000 shares for $17.76 each. As a result, the insider paid 1,154,101 and bolstered with 195,000 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 1570062336 and an Enterprise Value of 2115063168. As of this moment, WK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.43, and their Forward P/E ratio for the next fiscal year is 12.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 4.96. Its current Enterprise Value per Revenue stands at 0.778 whereas that against EBITDA is 5.341.
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 $11.95. The 50-Day Moving Average of the stock is -1.49%, while the 200-Day Moving Average is calculated to be -1.20%.
Shares Statistics:
The stock has traded on average 885.78K shares per day over the past 3-months and 770220 shares per day over the last 10 days, according to various share statistics. A total of 85.98M shares are outstanding, with a floating share count of 65.08M. Insiders hold about 24.43% of the company’s shares, while institutions hold 71.60% stake in the company. Shares short for KLG as of 1732838400 were 11616030 with a Short Ratio of 13.11, compared to 1730332800 on 9836939. Therefore, it implies a Short% of Shares Outstanding of 11616030 and a Short% of Float of 24.42.
Dividends & Splits
In the trailing 12 months, KLG’s forward annual dividend rate was 0.64, compared to 0.64 this year. Against a Trailing Annual Dividend Yield of 0.031809144
