In the past week, KO stock has gone down by -2.07%, with a monthly decline of -4.65% and a quarterly plunge of -2.56%. The volatility ratio for the week is 1.08%, and the volatility levels for the last 30 days are 1.00% for Coca-Cola Co. The simple moving average for the past 20 days is -3.03% for KO’s stock, with a -1.22% simple moving average for the past 200 days.
Is It Worth Investing in Coca-Cola Co (NYSE: KO) Right Now?
Coca-Cola Co (NYSE: KO) has a higher price-to-earnings ratio of 23.61x compared to its average ratio, The 36-month beta value for KO is at 0.59. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for KO is 4.28B, and currently, shorts hold a 0.62% of that float. The average trading volume for KO on April 15, 2024 was 14.04M shares.
KO) stock’s latest price update
The stock price of Coca-Cola Co (NYSE: KO) has dropped by -1.30 compared to previous close of 59.05. Despite this, the company has seen a fall of -2.07% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-14 that Historical earnings patterns are predictive of future earnings results, making it rational for investors to use them to increase the probability of investing success. Dividends become important in addition to earnings for mature businesses, as they offer insurance against potential stock price declines. The “Dividend Time Until Payback” analysis estimates how many years it will take for an investor to earn back their initial investment through dividends.
Analysts’ Opinion of KO
Many brokerage firms have already submitted their reports for KO stocks, with Citigroup repeating the rating for KO by listing it as a “Buy.” The predicted price for KO in the upcoming period, according to Citigroup is $68 based on the research report published on January 17, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see KO reach a price target of $64. The rating they have provided for KO stocks is “Hold” according to the report published on November 13th, 2023.
JP Morgan gave a rating of “Overweight” to KO, setting the target price at $67 in the report published on July 14th of the previous year.
KO Trading at -3.01% from the 50-Day Moving Average
After a stumble in the market that brought KO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.32% of loss for the given period.
Volatility was left at 1.00%, however, over the last 30 days, the volatility rate increased by 1.08%, as shares sank -3.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.03% lower at present.
During the last 5 trading sessions, KO fell by -2.07%, which changed the moving average for the period of 200-days by -4.60% in comparison to the 20-day moving average, which settled at $59.99. In addition, Coca-Cola Co saw -1.10% 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 KO starting from QUAN NANCY, who sale 57,368 shares at the price of $60.87 back on Mar 13 ’24. After this action, QUAN NANCY now owns 223,330 shares of Coca-Cola Co, valued at $3,492,111 using the latest closing price.
Pietracci Bruno, the President, Latin America OU of Coca-Cola Co, sale 18,551 shares at $59.41 during a trade that took place back on Mar 04 ’24, which means that Pietracci Bruno is holding 0 shares at $1,102,208 based on the most recent closing price.
Stock Fundamentals for KO
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.6 for the gross margin
The net margin for Coca-Cola Co stands at 0.23. The total capital return value is set at 0.15. Equity return is now at value 42.82, with 11.25 for asset returns.
Based on Coca-Cola Co (KO), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.62. The interest coverage ratio of the stock is 7.41.
Currently, EBITDA for the company is 12.44 billion with net debt to EBITDA at 2.36. When we switch over and look at the enterprise to sales, we see a ratio of 6.21. The receivables turnover for the company is 13.42for 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 1.13.
Conclusion
In conclusion, Coca-Cola Co (KO) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
