The stock of Kenvue Inc. (NYSE: KVUE) has decreased by -0.66 when compared to last closing price of 21.22. Despite this, the company has experienced a -4.49% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-18 that Kenvue’s shares have fallen since its IPO due to high valuations and concerns about its growth composition. The company, a spin-off from Johnson & Johnson, is well-diversified with leading brands in consumer health products. Despite flattish revenue, Kenvue has seen strong growth in the second quarter, but it is driven by pricing rather than volumes.
Is It Worth Investing in Kenvue Inc. (NYSE: KVUE) Right Now?
The price-to-earnings ratio for Kenvue Inc. (NYSE: KVUE) is 36.98x, which is above its average ratio. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Kenvue Inc. (KVUE) is $28.00, which is $6.7 above the current market price. The public float for KVUE is 3.26B and currently, short sellers hold a 0.63% of that float. On September 19, 2023, KVUE’s average trading volume was 36.90M shares.
KVUE’s Market Performance
KVUE’s stock has seen a -4.49% decrease for the week, with a -7.46% drop in the past month and a -19.70% fall in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are at 3.05% for Kenvue Inc. The simple moving average for the past 20 days is -6.24% for KVUE’s stock, with a -14.56% simple moving average for the past 200 days.
Analysts’ Opinion of KVUE
Many brokerage firms have already submitted their reports for KVUE stocks, with Deutsche Bank repeating the rating for KVUE by listing it as a “Buy.” The predicted price for KVUE in the upcoming period, according to Deutsche Bank is $27 based on the research report published on September 11, 2023 of the current year 2023.
KVUE Trading at -10.27% from the 50-Day Moving Average
After a stumble in the market that brought KVUE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.16% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares sank -7.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.42% lower at present.
During the last 5 trading sessions, KVUE fell by -4.49%, in comparison to the 20-day moving average, which settled at $22.39. In addition, Kenvue Inc. saw -21.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KVUE starting from ALLISON RICHARD E JR, who purchase 5,598 shares at the price of $22.96 back on Aug 30. After this action, ALLISON RICHARD E JR now owns 25,598 shares of Kenvue Inc., valued at $128,524 using the latest closing price.
ALLISON RICHARD E JR, the Director of Kenvue Inc., purchase 20,000 shares at $26.26 during a trade that took place back on May 11, which means that ALLISON RICHARD E JR is holding 20,000 shares at $525,232 based on the most recent closing price.
Stock Fundamentals for KVUE
Current profitability levels for the company are sitting at:
- +18.21 for the present operating margin
- +55.64 for the gross margin
The net margin for Kenvue Inc. stands at +13.98. The total capital return value is set at 13.33, while invested capital returns managed to touch 10.27.
Based on Kenvue Inc. (KVUE), the company’s capital structure generated 0.58 points at debt to equity in total, while total debt to capital is 0.58. Total debt to assets is 0.42, with long-term debt to equity ratio resting at 0.40. Finally, the long-term debt to capital ratio is 0.40.
The receivables turnover for the company is 7.12 and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
To wrap up, the performance of Kenvue Inc. (KVUE) has been bad in recent times. The stock has received a mixed of “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.
