The stock price of Kroger Co. (NYSE: KR) has plunged by -1.74 when compared to previous closing price of 57.31, but the company has seen a -1.18% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-07 that A generation ago, we probably wouldn’t be having this conversation about the best vegan stocks to buy in April. That’s because back in the day, masculinity was tied to eating red meat.
Is It Worth Investing in Kroger Co. (NYSE: KR) Right Now?
Kroger Co. (NYSE: KR) has a higher price-to-earnings ratio of 19.03x compared to its average ratio. KR has 36-month beta value of 0.48. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 6 as “overweight,” 14 as “hold,” and 1 as “sell.”
The public float for KR is 715.87M, and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of KR on April 08, 2024 was 5.05M shares.
KR’s Market Performance
KR’s stock has seen a -1.18% decrease for the week, with a 1.51% rise in the past month and a 22.29% gain in the past quarter. The volatility ratio for the week is 1.31%, and the volatility levels for the past 30 days are at 1.72% for Kroger Co. The simple moving average for the last 20 days is -0.39% for KR stock, with a simple moving average of 19.50% for the last 200 days.
Analysts’ Opinion of KR
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see KR reach a price target of $62, previously predicting the price at $60. The rating they have provided for KR stocks is “Outperform” according to the report published on March 28th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to KR, setting the target price at $60 in the report published on March 08th of the current year.
KR Trading at 10.28% 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 -3.47% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +0.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.51% upper at present.
During the last 5 trading sessions, KR fell by -1.01%, which changed the moving average for the period of 200-days by +23.50% in comparison to the 20-day moving average, which settled at $56.56. In addition, Kroger Co. saw 23.20% 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 0.1. Equity return is now at value 19.82, with 4.18 for asset returns.
Based on Kroger Co. (KR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 7.51.
Currently, EBITDA for the company is 8.73 billion with net debt to EBITDA at 2.45. 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 put it simply, Kroger Co. (KR) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
