Keycorp (NYSE: KEY)’s stock price has increased by 0.40 compared to its previous closing price of 14.87. However, the company has seen a 1.56% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-22 that KeyCorp reported mixed Q1 results which were driven by weak net interest income, but lower provisioning expenses. The recent inflation report suggests a higher for longer rate environment, but the long term trajectory in rates points south. KeyCorp’s valuation has seen a major revaluation after the regional banking crisis of 2023.
Is It Worth Investing in Keycorp (NYSE: KEY) Right Now?
The price-to-earnings ratio for Keycorp (NYSE: KEY) is 19.05x, which is above its average ratio. Moreover, the 36-month beta value for KEY is 1.28. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for KEY is 938.82M and currently, short sellers hold a 2.24% of that float. On May 06, 2024, KEY’s average trading volume was 14.78M shares.
KEY’s Market Performance
The stock of Keycorp (KEY) has seen a 1.56% increase in the past week, with a -0.99% drop in the past month, and a 3.90% gain in the past quarter. The volatility ratio for the week is 2.30%, and the volatility levels for the past 30 days are at 2.80% for KEY. The simple moving average for the last 20 days is 1.32% for KEY stock, with a simple moving average of 16.05% for the last 200 days.
Analysts’ Opinion of KEY
Many brokerage firms have already submitted their reports for KEY stocks, with Jefferies repeating the rating for KEY by listing it as a “Buy.” The predicted price for KEY in the upcoming period, according to Jefferies is $17 based on the research report published on January 09, 2024 of the current year 2024.
KEY Trading at 1.06% from the 50-Day Moving Average
After a stumble in the market that brought KEY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.86% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares sank -0.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.04% upper at present.
During the last 5 trading sessions, KEY rose by +1.56%, which changed the moving average for the period of 200-days by +30.85% in comparison to the 20-day moving average, which settled at $14.73. In addition, Keycorp saw 3.68% 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 KEY starting from Highsmith Carlton L, who sale 7,500 shares at the price of $15.10 back on Mar 08 ’24. After this action, Highsmith Carlton L now owns 53,577 shares of Keycorp, valued at $113,250 using the latest closing price.
Gavrity Kenneth C, the Head of Commercial Bank of Keycorp, sale 2,376 shares at $14.03 during a trade that took place back on Feb 16 ’24, which means that Gavrity Kenneth C is holding 98,120 shares at $33,335 based on the most recent closing price.
Stock Fundamentals for KEY
Current profitability levels for the company are sitting at:
- 0.49 for the present operating margin
- 1.0 for the gross margin
The net margin for Keycorp stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 6.04, with 0.45 for asset returns.
Based on Keycorp (KEY), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 3.0 million with net debt to EBITDA at 12.66. When we switch over and look at the enterprise to sales, we see a ratio of 4.35. The receivables turnover for the company is 2.56for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
To wrap up, the performance of Keycorp (KEY) has been better in recent times. The stock has received a mixed of “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.
