Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of WK Kellogg Co (NYSE: KLG) was $21.47 for the day, up 1.71% from the previous closing price of $21.11. In other words, the price has increased by $1.71 from its previous closing price. On the day, 1.0 million shares were traded. KLG stock price reached its highest trading level at $21.755 during the session, while it also had its lowest trading level at $21.17.
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 1.66 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:
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 1842503808 and an Enterprise Value of 2270503424. Its current Enterprise Value per Revenue stands at 0.822 whereas that against EBITDA is 6.839.
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 29.96%, while the 200-Day Moving Average is calculated to be 58.08%.
Shares Statistics:
KLG traded an average of 1.14M shares per day over the past three months and 974790 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 62.88% stake in the company. Shares short for KLG as of 1711584000 were 6490116 with a Short Ratio of 5.67, 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
With its trailing 12-month dividend rate of 0.16, KLG has a forward annual dividend rate of 0.32.
Earnings Estimates
The current market rating for WK Kellogg Co (KLG) reflects the collective analysis of SL Green Realty Corp analysts closely monitoring its performance.The consensus estimate for the next quarter is $1.34, with high estimates of $206.61 and low estimates of $21.47.
Analysts are recommending an EPS of between $Industrials and $Consumer Defensive for the fiscal current year, implying an average EPS of $Basic Materials.
