The stock of Kroger Co. (NYSE: KR) has decreased by -0.56 when compared to last closing price of 55.09. Despite this, the company has experienced a -1.28% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that In the latest trading session, Kroger (KR) closed at $55.09, marking a +0.58% move from the previous day.
Is It Worth Investing in Kroger Co. (NYSE: KR) Right Now?
Kroger Co. (NYSE: KR) has a price-to-earnings ratio of 18.51x that is above its average ratio. Additionally, the 36-month beta value for KR is 0.44. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
The public float for KR is 715.90M and currently, short sellers hold a 2.15% ratio of that float. The average trading volume of KR on May 06, 2024 was 5.19M shares.
KR’s Market Performance
KR stock saw a decrease of -1.28% in the past week, with a monthly decline of -4.63% and a quarterly a decrease of 18.73%. The volatility ratio for the week is 1.22%, and the volatility levels for the last 30 days are 1.70% for Kroger Co. (KR). The simple moving average for the past 20 days is -1.74% for KR’s stock, with a 14.19% simple moving average for the past 200 days.
Analysts’ Opinion of KR
Many brokerage firms have already submitted their reports for KR stocks, with Wells Fargo repeating the rating for KR by listing it as a “Overweight.” The predicted price for KR in the upcoming period, according to Wells Fargo is $65 based on the research report published on April 16, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see KR reach a price target of $48. The rating they have provided for KR stocks is “Underperform” according to the report published on April 08th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to KR, setting the target price at $62 in the report published on March 28th of the current year.
KR Trading at 0.25% from the 50-Day Moving Average
After a stumble in the market that brought KR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.10% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares sank -4.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.51% upper at present.
During the last 5 trading sessions, KR fell by -1.28%, which changed the moving average for the period of 200-days by +16.60% in comparison to the 20-day moving average, which settled at $55.62. In addition, Kroger Co. saw 19.84% 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 KR starting from Foley Todd A, who sale 6,616 shares at the price of $55.69 back on Apr 26 ’24. After this action, Foley Todd A now owns 46,958 shares of Kroger Co., valued at $368,467 using the latest closing price.
Kimball Kenneth C, the Senior Vice President of Kroger Co., sale 30,251 shares at $55.98 during a trade that took place back on Apr 25 ’24, which means that Kimball Kenneth C is holding 105,298 shares at $1,693,451 based on the most recent closing price.
Stock Fundamentals for KR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.22 for the gross margin
The net margin for Kroger Co. stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 19.82, with 4.18 for asset returns.
Based on Kroger Co. (KR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 7.51.
Currently, EBITDA for the company is 8.73 billion with net debt to EBITDA at 2.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.38. The receivables turnover for the company is 70.24for trailing twelve months and the total asset turnover is 2.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In conclusion, Kroger Co. (KR) has seen mixed performance in recent times. Analysts have a bullish 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.
