KKR & Co. Inc (NYSE: KKR)’s stock price has dropped by -1.49 in relation to previous closing price of 97.29. Nevertheless, the company has seen a loss of -5.72% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that KKR & Co. Inc. (KKR) reachead $100.27 at the closing of the latest trading day, reflecting a -1.36% change compared to its last close.
Is It Worth Investing in KKR & Co. Inc (NYSE: KKR) Right Now?
The price-to-earnings ratio for KKR & Co. Inc (NYSE: KKR) is above average at 23.44x, Company’s 36-month beta value is 1.62.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for KKR is 668.87M, and currently, short sellers hold a 1.03% ratio of that floaft. The average trading volume of KKR on April 16, 2024 was 3.55M shares.
KKR’s Market Performance
KKR stock saw a decrease of -5.72% in the past week, with a monthly decline of -1.03% and a quarterly a decrease of 17.18%. The volatility ratio for the week is 3.84%, and the volatility levels for the last 30 days are 2.62% for KKR & Co. Inc (KKR).. The simple moving average for the past 20 days is -3.52% for KKR’s stock, with a 28.95% simple moving average for the past 200 days.
Analysts’ Opinion of KKR
Many brokerage firms have already submitted their reports for KKR stocks, with TD Cowen repeating the rating for KKR by listing it as a “Outperform.” The predicted price for KKR in the upcoming period, according to TD Cowen is $96 based on the research report published on January 04, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see KKR reach a price target of $94, previously predicting the price at $91. The rating they have provided for KKR stocks is “Outperform” according to the report published on November 30th, 2023.
Wolfe Research gave a rating of “Outperform” to KKR, setting the target price at $75 in the report published on October 05th of the previous year.
KKR Trading at -1.39% from the 50-Day Moving Average
After a stumble in the market that brought KKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.38% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares sank -0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.72% upper at present.
During the last 5 trading sessions, KKR fell by -5.72%, which changed the moving average for the period of 200-days by +71.94% in comparison to the 20-day moving average, which settled at $99.30. In addition, KKR & Co. Inc saw 15.68% 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 KKR starting from KKR Group Partnership L.P., who sale 6,000,000 shares at the price of $10.74 back on Apr 01 ’24. After this action, KKR Group Partnership L.P. now owns 0 shares of KKR & Co. Inc, valued at $64,440,000 using the latest closing price.
KKR Alternative Assets LLC, the 10% Owner of KKR & Co. Inc, purchase 571,429 shares at $25.00 during a trade that took place back on Mar 26 ’24, which means that KKR Alternative Assets LLC is holding 1,000,687 shares at $14,285,714 based on the most recent closing price.
Stock Fundamentals for KKR
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.45 for the gross margin
The net margin for KKR & Co. Inc stands at 0.23. The total capital return value is set at 0.01. Equity return is now at value 18.39, with 1.26 for asset returns.
Based on KKR & Co. Inc (KKR), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 2.16. The interest coverage ratio of the stock is 1.37.
Currently, EBITDA for the company is 5.57 billion with net debt to EBITDA at 5.11. When we switch over and look at the enterprise to sales, we see a ratio of 6.96. The receivables turnover for the company is 0.41for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In a nutshell, KKR & Co. Inc (KKR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
