In the past week, KMT stock has gone down by -0.13%, with a monthly decline of -3.70% and a quarterly plunge of -1.96%. The volatility ratio for the week is 1.51%, and the volatility levels for the last 30 days are 1.96% for Kennametal Inc. The simple moving average for the past 20 days is -1.14% for KMT’s stock, with a -5.28% simple moving average for the past 200 days.
Is It Worth Investing in Kennametal Inc. (NYSE: KMT) Right Now?
Kennametal Inc. (NYSE: KMT) has a higher price-to-earnings ratio of 15.94x compared to its average ratio. KMT has 36-month beta value of 1.77. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for KMT is 75.81M, and currently, short sellers hold a 5.89% ratio of that float. The average trading volume of KMT on April 12, 2024 was 615.61K shares.
KMT) stock’s latest price update
The stock of Kennametal Inc. (NYSE: KMT) has increased by 0.55 when compared to last closing price of 23.83.Despite this, the company has seen a loss of -0.13% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-10 that Kennametal (KMT) is set to benefit from the solid momentum in the Metal Cutting segment and innovation capabilities. However, weakness in the Infrastructure segment remains a concern.
Analysts’ Opinion of KMT
Many brokerage firms have already submitted their reports for KMT stocks, with Morgan Stanley repeating the rating for KMT by listing it as a “Equal-Weight.” The predicted price for KMT in the upcoming period, according to Morgan Stanley is $24 based on the research report published on January 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see KMT reach a price target of $19, previously predicting the price at $27. The rating they have provided for KMT stocks is “Sell” according to the report published on July 08th, 2022.
Loop Capital gave a rating of “Hold” to KMT, setting the target price at $29 in the report published on April 06th of the previous year.
KMT Trading at -2.34% from the 50-Day Moving Average
After a stumble in the market that brought KMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.70% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -4.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.33% lower at present.
During the last 5 trading sessions, KMT fell by -0.13%, which changed the moving average for the period of 200-days by -13.91% in comparison to the 20-day moving average, which settled at $24.19. In addition, Kennametal Inc. saw -7.10% 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 KMT starting from Witt John Wayne, who sale 1,000 shares at the price of $25.55 back on Mar 07 ’24. After this action, Witt John Wayne now owns 1,343 shares of Kennametal Inc., valued at $25,550 using the latest closing price.
Witt John Wayne, the Vice President of Kennametal Inc., sale 450 shares at $24.24 during a trade that took place back on Dec 04 ’23, which means that Witt John Wayne is holding 2,343 shares at $10,908 based on the most recent closing price.
Stock Fundamentals for KMT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.31 for the gross margin
The net margin for Kennametal Inc. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 9.58, with 4.74 for asset returns.
Based on Kennametal Inc. (KMT), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 6.43.
Currently, EBITDA for the company is 204.85 million with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
To put it simply, Kennametal Inc. (KMT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
