In the past week, KR stock has gone down by -0.25%, with a monthly gain of 8.02% and a quarterly surge of 3.70%. The volatility ratio for the week is 2.49%, and the volatility levels for the last 30 days are 2.10% for The Kroger Co. The simple moving average for the last 20 days is 3.79% for KR stock, with a simple moving average of 0.91% for the last 200 days.
Is It Worth Investing in The Kroger Co. (NYSE: KR) Right Now?
The price-to-earnings ratio for The Kroger Co. (NYSE: KR) is above average at 15.39x, while the 36-month beta value is 0.43.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 2 as “sell.”
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The average price point forecasted by analysts for The Kroger Co. (KR) is $51.71, which is $4.31 above the current market price. The public float for KR is 711.31M, and currently, short sellers hold a 2.20% ratio of that floaft. The average trading volume of KR on March 17, 2023 was 5.09M shares.
KR) stock’s latest price update
The Kroger Co. (NYSE: KR)’s stock price has decreased by -2.40 compared to its previous closing price of 48.29. Despite this, the company has seen a loss of -0.25% in its stock price over the last five trading days. The Wall Street Journal reported on 03/02/23 that Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Analysts’ Opinion of KR
In the past week, KR stock has gone down by -0.25%, with a monthly gain of 8.02% and a quarterly surge of 3.70%. The volatility ratio for the week is 2.49%, and the volatility levels for the last 30 days are 2.10% for The Kroger Co. The simple moving average for the last 20 days is 3.79% for KR stock, with a simple moving average of 0.91% for the last 200 days.
Analysts’ Opinion of KR
Many brokerage firms have already submitted their reports for KR stocks, with JP Morgan repeating the rating for KR by listing it as a “Overweight.” The predicted price for KR in the upcoming period, according to JP Morgan is $54 based on the research report published on March 03rd of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see KR reach a price target of $46, previously predicting the price at $44. The rating they have provided for KR stocks is “Equal-Weight” according to the report published on January 17th, 2023.
Bernstein gave a rating of “Outperform” to KR, setting the target price at $58 in the report published on December 06th of the previous year.
KR Trading at 4.52% from the 50-Day Moving Average
After a stumble in the market that brought KR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.93% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +6.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.98% upper at present.
During the last 5 trading sessions, KR fell by -0.25%, which changed the moving average for the period of 200-days by -11.01% in comparison to the 20-day moving average, which settled at $45.55. In addition, The Kroger Co. saw 5.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KR starting from Foley Todd A, who sale 3,885 shares at the price of $46.95 back on Mar 14. After this action, Foley Todd A now owns 28,456 shares of The Kroger Co., valued at $182,401 using the latest closing price.
FIKE CARIN L, the Vice President and Treasurer of The Kroger Co., sale 1,000 shares at $47.02 during a trade that took place back on Mar 14, which means that FIKE CARIN L is holding 5,274 shares at $47,015 based on the most recent closing price.
Stock Fundamentals for KR
Current profitability levels for the company are sitting at:
- +2.78 for the present operating margin
- +19.43 for the gross margin
The net margin for The Kroger Co. stands at +1.51. Equity return is now at value 25.10, with 4.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In a nutshell, The Kroger Co. (KR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
