The stock of Keycorp (KEY) has seen a 12.90% increase in the past week, with a 23.86% gain in the past month, and a 17.34% flourish in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 3.51% for KEY. The simple moving average for the past 20 days is 12.62% for KEY’s stock, with a 3.64% simple moving average for the past 200 days.
Is It Worth Investing in Keycorp (NYSE: KEY) Right Now?
The price-to-earnings ratio for Keycorp (NYSE: KEY) is 9.93x, which is above its average ratio. Moreover, the 36-month beta value for KEY is 1.32. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The average price recommended by analysts for Keycorp (KEY) is $12.67, which is $0.42 above the current market price. The public float for KEY is 932.62M and currently, short sellers hold a 5.19% of that float. On November 21, 2023, KEY’s average trading volume was 14.66M shares.
KEY) stock’s latest price update
Keycorp (NYSE: KEY)’s stock price has plunge by -0.57relation to previous closing price of 12.32. Nevertheless, the company has seen a 12.90% surge in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-07 that Bill Gross, the Bond King, is back in the news this week. Last week, I detailed how Bill Gross focused on equity arbitrage opportunities while forecasting a recession.
Analysts’ Opinion of KEY
Many brokerage firms have already submitted their reports for KEY stocks, with Keefe Bruyette repeating the rating for KEY by listing it as a “Outperform.” The predicted price for KEY in the upcoming period, according to Keefe Bruyette is $15 based on the research report published on November 06, 2023 of the current year 2023.
KEY Trading at 13.56% from the 50-Day Moving Average
After a stumble in the market that brought KEY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.66% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +23.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.28% upper at present.
During the last 5 trading sessions, KEY rose by +12.90%, which changed the moving average for the period of 200-days by -38.81% in comparison to the 20-day moving average, which settled at $10.99. In addition, Keycorp saw -29.68% 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 KEY starting from Rankin Devina A, who purchase 10,000 shares at the price of $11.49 back on Aug 10. After this action, Rankin Devina A now owns 10,000 shares of Keycorp, valued at $114,900 using the latest closing price.
Brady Amy G., the Chief Information Officer of Keycorp, sale 12,627 shares at $9.92 during a trade that took place back on May 26, which means that Brady Amy G. is holding 94,106 shares at $125,260 based on the most recent closing price.
Stock Fundamentals for KEY
Current profitability levels for the company are sitting at:
- +29.04 for the present operating margin
The net margin for Keycorp stands at +23.79. The total capital return value is set at 6.33, while invested capital returns managed to touch 6.33. Equity return is now at value 9.71, with 0.68 for asset returns.
Based on Keycorp (KEY), the company’s capital structure generated 218.31 points at debt to equity in total, while total debt to capital is 68.58. Total debt to assets is 15.47, with long-term debt to equity ratio resting at 180.50. Finally, the long-term debt to capital ratio is 46.17.
When we switch over and look at the enterprise to sales, we see a ratio of 4.00, with the company’s debt to enterprise value settled at 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
To wrap up, the performance of Keycorp (KEY) has been mixed 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.
