The price-to-earnings ratio for Kenvue Inc (NYSE: KVUE) is above average at 24.15x. The 36-month beta value for KVUE is also noteworthy at 1.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for KVUE is 1.91B, and at present, short sellers hold a 1.55% of that float. The average trading volume of KVUE on June 21, 2024 was 19.93M shares.
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KVUE) stock’s latest price update
Kenvue Inc (NYSE: KVUE) has experienced a decline in its stock price by -0.27 compared to its previous closing price of 18.84. However, the company has seen a gain of 4.22% in its stock price over the last five trading days. investorplace.com reported 2024-06-20 that Healthcare stocks offer a haven for investors amidst the uncertainty. The Fed elected to hold interest rates at a 23-year high between 5.25% and 5.5% to combat persistent inflation.
KVUE’s Market Performance
Kenvue Inc (KVUE) has seen a 4.22% rise in stock performance for the week, with a -5.91% decline in the past month and a -9.27% plunge in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.23% for KVUE. The simple moving average for the past 20 days is -0.17% for KVUE’s stock, with a -6.28% simple moving average for the past 200 days.
Analysts’ Opinion of KVUE
Many brokerage firms have already submitted their reports for KVUE stocks, with Citigroup repeating the rating for KVUE by listing it as a “Neutral.” The predicted price for KVUE in the upcoming period, according to Citigroup is $21 based on the research report published on May 28, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see KVUE reach a price target of $18. The rating they have provided for KVUE stocks is “Underperform” according to the report published on April 11th, 2024.
KVUE Trading at -2.75% from the 50-Day Moving Average
After a stumble in the market that brought KVUE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.73% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -4.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.62% lower at present.
During the last 5 trading sessions, KVUE rose by +4.83%, which changed the moving average for the period of 200-days by -16.41% in comparison to the 20-day moving average, which settled at $18.77. In addition, Kenvue Inc saw -12.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KVUE starting from ALLISON RICHARD E JR, who purchase 5,598 shares at the price of $22.96 back on Aug 30 ’23. After this action, ALLISON RICHARD E JR now owns 25,598 shares of Kenvue Inc, valued at $128,524 using the latest closing price.
Stock Fundamentals for KVUE
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.57 for the gross margin
The net margin for Kenvue Inc stands at 0.1. The total capital return value is set at 0.12. Equity return is now at value 9.65, with 4.74 for asset returns.
Based on Kenvue Inc (KVUE), the company’s capital structure generated 0.45 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 0.81. The interest coverage ratio of the stock is 7.57.
Currently, EBITDA for the company is 3.57 billion with net debt to EBITDA at 2.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 7.17for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In summary, Kenvue Inc (KVUE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
