The stock of Kroger Co. (KR) has seen a 0.19% increase in the past week, with a 17.72% gain in the past month, and a 26.37% flourish in the past quarter. The volatility ratio for the week is 1.28%, and the volatility levels for the past 30 days are at 1.92% for KR. The simple moving average for the last 20 days is 4.84% for KR stock, with a simple moving average of 22.08% for the last 200 days.
Is It Worth Investing in Kroger Co. (NYSE: KR) Right Now?
Kroger Co. (NYSE: KR) has a price-to-earnings ratio that is above its average at 19.28x. The stock has a 36-month beta value of 0.48. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 5 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for KR is 714.19M, and at present, short sellers hold a 1.87% of that float. On April 01, 2024, the average trading volume of KR was 5.00M shares.
KR) stock’s latest price update
Kroger Co. (NYSE: KR) has seen a rise in its stock price by 0.40 in relation to its previous close of 56.90. However, the company has experienced a 0.19% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that This Easter, confectionery and food manufacturing stocks like HSY and BGS, retailers like KR and AMZN and vacation providers like ABNB are likely to be in focus.
Analysts’ Opinion of KR
Many brokerage firms have already submitted their reports for KR stocks, with Telsey Advisory Group repeating the rating for KR by listing it as a “Outperform.” The predicted price for KR in the upcoming period, according to Telsey Advisory Group is $62 based on the research report published on March 28, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see KR reach a price target of $60, previously predicting the price at $55. The rating they have provided for KR stocks is “Outperform” according to the report published on March 08th, 2024.
Wells Fargo gave a rating of “Equal Weight” to KR, setting the target price at $50 in the report published on February 27th of the current year.
KR Trading at 14.92% 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 -0.23% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +15.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.78% upper at present.
During the last 5 trading sessions, KR rose by +0.19%, which changed the moving average for the period of 200-days by +23.18% in comparison to the 20-day moving average, which settled at $54.87. In addition, Kroger Co. saw 24.98% 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 FIKE CARIN L, who sale 4,798 shares at the price of $45.52 back on Sep 22 ’23. After this action, FIKE CARIN L now owns 4,156 shares of Kroger Co., valued at $218,417 using the latest closing price.
FIKE CARIN L, the Vice President and Treasurer of Kroger Co., sale 6,000 shares at $46.50 during a trade that took place back on Sep 15 ’23, which means that FIKE CARIN L is holding 44,090 shares at $279,004 based on the most recent closing price.
Stock Fundamentals for KR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.22 for the gross margin
The net margin for Kroger Co. stands at 0.01. The total capital return value is set at 0.09. Equity return is now at value 19.89, with 4.19 for asset returns.
Based on Kroger Co. (KR), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 7.04.
Currently, EBITDA for the company is 6.85 billion with net debt to EBITDA at 2.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 70.24for trailing twelve months and the total asset turnover is 2.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To sum up, Kroger Co. (KR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
