The stock of Eastman Kodak Co. (NYSE: KODK) has decreased by -4.19 when compared to last closing price of 5.01. Despite this, the company has experienced a -4.76% fall in its stock price over the last five trading sessions. Reuters reported 2024-04-03 that A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients.
Is It Worth Investing in Eastman Kodak Co. (NYSE: KODK) Right Now?
Eastman Kodak Co. (NYSE: KODK) has a price-to-earnings ratio of 7.89x that is above its average ratio. Additionally, the 36-month beta value for KODK is 3.56. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for KODK is 62.20M and currently, short sellers hold a 9.24% ratio of that float. The average trading volume of KODK on April 11, 2024 was 1.33M shares.
KODK’s Market Performance
KODK stock saw a decrease of -4.76% in the past week, with a monthly decline of -8.22% and a quarterly a decrease of 35.21%. The volatility ratio for the week is 5.61%, and the volatility levels for the last 30 days are 5.62% for Eastman Kodak Co. (KODK). The simple moving average for the past 20 days is -2.48% for KODK’s stock, with a 11.94% simple moving average for the past 200 days.
KODK Trading at 11.02% from the 50-Day Moving Average
After a stumble in the market that brought KODK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.31% of loss for the given period.
Volatility was left at 5.62%, however, over the last 30 days, the volatility rate increased by 5.61%, as shares sank -7.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.43% upper at present.
During the last 5 trading sessions, KODK fell by -4.76%, which changed the moving average for the period of 200-days by +7.62% in comparison to the 20-day moving average, which settled at $4.90. In addition, Eastman Kodak Co. saw 23.08% 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 KODK starting from Katz Philippe D, who purchase 6,000 shares at the price of $3.70 back on Nov 16 ’23. After this action, Katz Philippe D now owns 161,496 shares of Eastman Kodak Co., valued at $22,200 using the latest closing price.
Katz Philippe D, the Director of Eastman Kodak Co., purchase 3,000 shares at $4.59 during a trade that took place back on May 22 ’23, which means that Katz Philippe D is holding 155,496 shares at $13,770 based on the most recent closing price.
Stock Fundamentals for KODK
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.19 for the gross margin
The net margin for Eastman Kodak Co. stands at 0.06. The total capital return value is set at 0.05. Equity return is now at value 6.29, with 3.23 for asset returns.
Based on Eastman Kodak Co. (KODK), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 2.62.
Currently, EBITDA for the company is 46.0 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.55. The receivables turnover for the company is 5.7for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.52.
Conclusion
In conclusion, Eastman Kodak Co. (KODK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
