Keycorp (NYSE: KEY) has a higher price-to-earnings ratio of 16.53x compared to its average ratio, The 36-month beta value for KEY is at 1.28. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 6 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for KEY is 929.83M, and currently, shorts hold a 3.01% of that float. The average trading volume for KEY on April 15, 2024 was 16.09M shares.
KEY) stock’s latest price update
The stock of Keycorp (NYSE: KEY) has decreased by -0.75 when compared to last closing price of 14.72.Despite this, the company has seen a loss of -2.99% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that KeyCorp (KEY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
KEY’s Market Performance
KEY’s stock has fallen by -2.99% in the past week, with a monthly drop of -2.14% and a quarterly rise of 1.53%. The volatility ratio for the week is 2.72% while the volatility levels for the last 30 days are 2.70% for Keycorp The simple moving average for the last 20 days is -3.13% for KEY’s stock, with a simple moving average of 16.84% for the last 200 days.
Analysts’ Opinion of KEY
Many brokerage firms have already submitted their reports for KEY stocks, with Jefferies repeating the rating for KEY by listing it as a “Buy.” The predicted price for KEY in the upcoming period, according to Jefferies is $17 based on the research report published on January 09, 2024 of the current year 2024.
KEY Trading at -0.02% from the 50-Day Moving Average
After a stumble in the market that brought KEY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.88% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +1.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.55% upper at present.
During the last 5 trading sessions, KEY fell by -2.99%, which changed the moving average for the period of 200-days by +53.95% in comparison to the 20-day moving average, which settled at $15.09. In addition, Keycorp saw 1.46% 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 KEY starting from Highsmith Carlton L, who sale 7,500 shares at the price of $15.10 back on Mar 08 ’24. After this action, Highsmith Carlton L now owns 53,577 shares of Keycorp, valued at $113,250 using the latest closing price.
Gavrity Kenneth C, the Head of Commercial Bank of Keycorp, sale 2,376 shares at $14.03 during a trade that took place back on Feb 16 ’24, which means that Gavrity Kenneth C is holding 98,120 shares at $33,335 based on the most recent closing price.
Stock Fundamentals for KEY
Current profitability levels for the company are sitting at:
- 0.66 for the present operating margin
- 1.0 for the gross margin
The net margin for Keycorp stands at 0.13. The total capital return value is set at 0.07. Equity return is now at value 6.86, with 0.51 for asset returns.
Based on Keycorp (KEY), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 1.5.
Currently, EBITDA for the company is 3.0 million with net debt to EBITDA at 7.42. When we switch over and look at the enterprise to sales, we see a ratio of 4.78. The receivables turnover for the company is 2.12for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.40.
Conclusion
In conclusion, Keycorp (KEY) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
