Kennametal Inc. (NYSE:KMT) went up by 0.76% from its latest closing price compared to the recent 1-year high of $40.15. The company’s stock price has collected 1.06% of gains in the last five trading sessions.
Is It Worth Investing in Kennametal Inc. (NYSE :KMT) Right Now?
Kennametal Inc. (NYSE:KMT) scored a price-to-earnings ratio above its average ratio, recording 16.25 x from its present earnings ratio. Plus, the 36-month beta value for KMT is at 1.91. Opinions of the stock are interesting as 1 analysts out of 10 who provided ratings for Kennametal Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $24.00, which is -$2.63 below the current price. KMT currently public float of 79.88M and currently shorts hold a 6.67% ratio of that float. Today, the average trading volume of KMT was 822.07K shares.
KMT’s Market Performance
KMT stocks went up by 1.06% for the week, with a monthly jump of 4.51% and a quarterly performance of 1.72%, while its annual performance rate touched -32.43%. The volatility ratio for the week stands at 2.45% while the volatility levels for the past 30 days are set at 3.64% for Kennametal Inc. The simple moving average for the period of the last 20 days is 4.20% for KMT stocks with a simple moving average of 1.67% for the last 200 days.
Analysts’ Opinion of KMT
Many brokerage firms have already submitted their reports for KMT stocks, with UBS repeating the rating for KMT by listing it as a “Sell.” The predicted price for KMT in the upcoming period, according to UBS is $19 based on the research report published on July 08th of the current year 2022.
Loop Capital, on the other hand, stated in their research note that they expect to see KMT reach a price target of $29, previously predicting the price at $41. The rating they have provided for KMT stocks is “Hold” according to the report published on April 06th, 2022.
JP Morgan gave a rating of “Underweight” to KMT, setting the target price at $31 in the report published on March 28th of the current year.
KMT Trading at 12.29% from the 50-Day Moving Average
After a stumble in the market that brought KMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.67% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +4.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.57% upper at present.
During the last 5 trading sessions, KMT rose by +1.06%, which changed the moving average for the period of 200-days by -19.30% in comparison to the 20-day moving average, which settled at $25.61. In addition, Kennametal Inc. saw -25.84% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at KMT starting from LAMBERT WILLIAM M, who purchase 36,698 shares at the price of $26.23 back on May 04. After this action, LAMBERT WILLIAM M now owns 52,360 shares of Kennametal Inc., valued at $962,475 using the latest closing price.
ALVARADO JOSEPH, the Director of Kennametal Inc., purchase 1,000 shares at $29.05 during a trade that took place back on Mar 14, which means that ALVARADO JOSEPH is holding 9,934 shares at $29,045 based on the most recent closing price.
Stock Fundamentals for KMT
Current profitability levels for the company are sitting at:
- +11.00 for the present operating margin
- +31.83 for the gross margin
The net margin for Kennametal Inc. stands at +7.19. Equity return is now at value 10.70, with 5.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.