In the past week, WKC stock has gone down by -6.67%, with a monthly decline of -13.30% and a quarterly surge of 1.41%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 2.02% for World Kinect Corp The simple moving average for the past 20 days is -10.05% for WKC’s stock, with a 1.19% simple moving average for the past 200 days.
Is It Worth Investing in World Kinect Corp (NYSE: WKC) Right Now?
World Kinect Corp (NYSE: WKC) has a higher price-to-earnings ratio of 27.25x compared to its average ratio. WKC has 36-month beta value of 1.26. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WKC is 57.76M, and currently, short sellers hold a 9.33% ratio of that float. The average trading volume of WKC on April 26, 2024 was 571.42K shares.
WKC) stock’s latest price update
World Kinect Corp (NYSE: WKC)’s stock price has decreased by -7.09 compared to its previous closing price of 24.69. However, the company has seen a -6.67% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that World Kinect Corporation (NYSE:WKC ) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Elsa Ballard – VP, IR and Communication Michael Kasbar – Chairman and CEO Ira Birns – EVP and CFO Conference Call Participants Ken Hoexter – Bank of America Pavel Molchanov – Raymond James Operator Goo day and thank you for standing by. Welcome to World Kinect Corporation First Quarter 2024 Earnings Conference Call.
Analysts’ Opinion of WKC
Many brokerage firms have already submitted their reports for WKC stocks, with JP Morgan repeating the rating for WKC by listing it as a “Neutral.” The predicted price for WKC in the upcoming period, according to JP Morgan is $25 based on the research report published on February 21, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see WKC reach a price target of $24. The rating they have provided for WKC stocks is “Equal-Weight” according to the report published on November 06th, 2023.
Raymond James gave a rating of “Outperform” to WKC, setting the target price at $30 in the report published on July 06th of the previous year.
WKC Trading at -8.61% from the 50-Day Moving Average
After a stumble in the market that brought WKC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.50% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -13.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.09% lower at present.
During the last 5 trading sessions, WKC fell by -6.71%, which changed the moving average for the period of 200-days by +4.85% in comparison to the 20-day moving average, which settled at $25.33. In addition, World Kinect Corp saw 0.70% 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 WKC starting from STEBBINS PAUL H, who sale 40,000 shares at the price of $24.65 back on Mar 01 ’24. After this action, STEBBINS PAUL H now owns 35,375 shares of World Kinect Corp, valued at $986,000 using the latest closing price.
STEBBINS PAUL H, the Director of World Kinect Corp, sale 20,000 shares at $24.37 during a trade that took place back on Feb 29 ’24, which means that STEBBINS PAUL H is holding 75,375 shares at $487,400 based on the most recent closing price.
Stock Fundamentals for WKC
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.02 for the gross margin
The net margin for World Kinect Corp stands at 0.0. The total capital return value is set at 0.06. Equity return is now at value 2.70, with 0.68 for asset returns.
Based on World Kinect Corp (WKC), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 346.7 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.04. The receivables turnover for the company is 17.44for trailing twelve months and the total asset turnover is 6.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
To put it simply, World Kinect Corp (WKC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
