The stock of Kirby Corp. (NYSE: KEX) has increased by 10.99 when compared to last closing price of 101.05. Despite this, the company has experienced a 18.10% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that The headline numbers for Kirby (KEX) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Kirby Corp. (NYSE: KEX) Right Now?
The price-to-earnings ratio for Kirby Corp. (NYSE: KEX) is above average at 30.10x. The 36-month beta value for KEX is also noteworthy at 1.17. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for KEX is 57.89M, and at present, short sellers hold a 1.79% of that float. The average trading volume of KEX on April 26, 2024 was 413.48K shares.
KEX’s Market Performance
KEX stock saw an increase of 18.10% in the past week, with a monthly gain of 17.93% and a quarterly increase of 42.08%. The volatility ratio for the week is 4.28%, and the volatility levels for the last 30 days are 2.37% for Kirby Corp. (KEX). The simple moving average for the past 20 days is 15.01% for KEX’s stock, with a 35.55% simple moving average for the past 200 days.
Analysts’ Opinion of KEX
Many brokerage firms have already submitted their reports for KEX stocks, with Wolfe Research repeating the rating for KEX by listing it as a “Outperform.” The predicted price for KEX in the upcoming period, according to Wolfe Research is $126 based on the research report published on April 22, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see KEX reach a price target of $80. The rating they have provided for KEX stocks is “Buy” according to the report published on January 28th, 2022.
Stifel gave a rating of “Buy” to KEX, setting the target price at $65 in the report published on October 12th of the previous year.
KEX Trading at 21.97% from the 50-Day Moving Average
After a stumble in the market that brought KEX to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 9.37% of gains for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares surge +18.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.00% upper at present.
During the last 5 trading sessions, KEX rose by +18.10%, which changed the moving average for the period of 200-days by +48.60% in comparison to the 20-day moving average, which settled at $98.38. In addition, Kirby Corp. saw 42.92% 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 KEX starting from MILLER SCOTT P, who sale 487 shares at the price of $99.78 back on Apr 11 ’24. After this action, MILLER SCOTT P now owns 1,000 shares of Kirby Corp., valued at $48,593 using the latest closing price.
STRAHAN DORMAN LYNN, the President-Kirby Engine Systems of Kirby Corp., sale 3,423 shares at $95.11 during a trade that took place back on Mar 27 ’24, which means that STRAHAN DORMAN LYNN is holding 21,054 shares at $325,562 based on the most recent closing price.
Stock Fundamentals for KEX
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.23 for the gross margin
The net margin for Kirby Corp. stands at 0.07. The total capital return value is set at 0.07. Equity return is now at value 7.16, with 3.95 for asset returns.
Based on Kirby Corp. (KEX), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 6.43.
Currently, EBITDA for the company is 570.21 million with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 5.34for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In summary, Kirby Corp. (KEX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
