The stock of Kaiser Aluminum Corp (KALU) has gone down by -1.86% for the week, with a 3.91% rise in the past month and a 32.33% rise in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are 3.37% for KALU. The simple moving average for the last 20 days is -2.07% for KALU stock, with a simple moving average of 23.59% for the last 200 days.
Is It Worth Investing in Kaiser Aluminum Corp (NASDAQ: KALU) Right Now?
Kaiser Aluminum Corp (NASDAQ: KALU) has a price-to-earnings ratio of 25.60x that is above its average ratio. Additionally, the 36-month beta value for KALU is 1.37. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for KALU is 15.57M and currently, short sellers hold a 2.46% ratio of that float. The average trading volume of KALU on April 26, 2024 was 149.85K shares.
KALU) stock’s latest price update
The stock of Kaiser Aluminum Corp (NASDAQ: KALU) has increased by 1.33 when compared to last closing price of 87.33. Despite this, the company has experienced a -1.86% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that Kaiser Aluminum Corporation (NASDAQ:KALU ) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Kim Orlando – ADDO Investor Relations Keith Harvey – President & Chief Executive Officer Neal West – Executive Vice President & Chief Financial Officer Conference Call Participants Curt Woodworth – UBS Josh Sullivan – The Benchmark Company Bill Peterson – JPMorgan Operator Greetings, and welcome to the Kaiser Aluminum Corporation First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Analysts’ Opinion of KALU
Many brokerage firms have already submitted their reports for KALU stocks, with UBS repeating the rating for KALU by listing it as a “Neutral.” The predicted price for KALU in the upcoming period, according to UBS is $67 based on the research report published on January 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see KALU reach a price target of $69. The rating they have provided for KALU stocks is “Neutral” according to the report published on May 08th, 2023.
Wolfe Research gave a rating of “Underperform” to KALU, setting the target price at $67 in the report published on April 12th of the previous year.
KALU Trading at 10.03% from the 50-Day Moving Average
After a stumble in the market that brought KALU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.40% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +0.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.03% upper at present.
During the last 5 trading sessions, KALU fell by -1.86%, which changed the moving average for the period of 200-days by +20.74% in comparison to the 20-day moving average, which settled at $90.38. In addition, Kaiser Aluminum Corp saw 24.30% 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 KALU starting from Parkinson Ray, who sale 4,727 shares at the price of $79.75 back on Aug 03 ’23. After this action, Parkinson Ray now owns 6,432 shares of Kaiser Aluminum Corp, valued at $376,978 using the latest closing price.
Stock Fundamentals for KALU
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.08 for the gross margin
The net margin for Kaiser Aluminum Corp stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 8.60, with 2.41 for asset returns.
Based on Kaiser Aluminum Corp (KALU), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 5.36.
Currently, EBITDA for the company is 199.4 million with net debt to EBITDA at 5.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 7.26for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
In conclusion, Kaiser Aluminum Corp (KALU) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
