The stock of Kellanova Co (NYSE: K) has increased by 0.28 when compared to last closing price of 57.98. Despite this, the company has experienced a 4.74% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-11 that With stocks running into a bit of a speed bump this week, with the S&P 500 falling below the 5,200 mark again, some tech-heavy investors may wonder if now’s a good time to play some defense. Just because the broader markets are feeling weighed down doesn’t mean there aren’t individual stocks that can shrug off the volatility and find the means to move higher.
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
Kellanova Co (NYSE: K) has a higher price-to-earnings ratio of 21.09x compared to its average ratio, The 36-month beta value for K is at 0.39. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for K is 286.65M, and currently, shorts hold a 4.57% of that float. The average trading volume for K on April 24, 2024 was 3.22M shares.
K’s Market Performance
The stock of Kellanova Co (K) has seen a 4.74% increase in the past week, with a 4.66% rise in the past month, and a 6.78% gain in the past quarter. The volatility ratio for the week is 1.39%, and the volatility levels for the past 30 days are at 1.44% for K. The simple moving average for the past 20 days is 2.55% for K’s stock, with a 4.64% simple moving average for the past 200 days.
Analysts’ Opinion of K
Many brokerage firms have already submitted their reports for K stocks, with DA Davidson repeating the rating for K by listing it as a “Buy.” The predicted price for K in the upcoming period, according to DA Davidson is $67 based on the research report published on March 01, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see K reach a price target of $57. The rating they have provided for K stocks is “Neutral” according to the report published on February 01st, 2024.
Wells Fargo gave a rating of “Equal Weight” to K, setting the target price at $56 in the report published on December 12th of the previous year.
K Trading at 4.59% from the 50-Day Moving Average
After a stumble in the market that brought K to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.30% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +4.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.69% upper at present.
During the last 5 trading sessions, K rose by +4.74%, which changed the moving average for the period of 200-days by -13.47% in comparison to the 20-day moving average, which settled at $56.82. In addition, Kellanova Co saw 3.99% 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 K starting from KELLOGG W K FOUNDATION TRUST, who sale 77,800 shares at the price of $57.76 back on Apr 22 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 51,920,038 shares of Kellanova Co, valued at $4,493,386 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 77,800 shares at $55.35 during a trade that took place back on Apr 15 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 51,997,838 shares at $4,306,051 based on the most recent closing price.
Stock Fundamentals for K
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.33 for the gross margin
The net margin for Kellanova Co stands at 0.06. The total capital return value is set at 0.17. Equity return is now at value 27.52, with 5.74 for asset returns.
Based on Kellanova Co (K), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.89. The interest coverage ratio of the stock is 5.33.
Currently, EBITDA for the company is 1.92 billion with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.72. The receivables turnover for the company is 9.7for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
In conclusion, Kellanova Co (K) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” 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.
