In the past week, KMT stock has gone up by 3.44%, with a monthly decline of -2.78% and a quarterly plunge of -0.29%. The volatility ratio for the week is 1.88%, and the volatility levels for the last 30 days are 1.98% for Kennametal Inc. The simple moving average for the last 20 days is 1.19% for KMT’s stock, with a simple moving average of -2.57% for the last 200 days.
Is It Worth Investing in Kennametal Inc. (NYSE: KMT) Right Now?
Kennametal Inc. (NYSE: KMT) has a price-to-earnings ratio that is above its average at 17.63x. The stock has a 36-month beta value of 1.65. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for KMT is 75.20M, and at present, short sellers hold a 7.45% of that float. On July 12, 2024, the average trading volume of KMT was 661.24K shares.
KMT) stock’s latest price update
Kennametal Inc. (NYSE: KMT)’s stock price has soared by 4.16 in relation to previous closing price of 22.81. Nevertheless, the company has seen a gain of 3.44% in its stock price over the last five trading days. zacks.com reported 2024-07-09 that Lower volume in general engineering, energy and earthwork end markets, and increasing operating expenses are weighing on Kennametal (KMT). Unfavorable foreign currency movement is an added concern.
Analysts’ Opinion of KMT
Many brokerage firms have already submitted their reports for KMT stocks, with Morgan Stanley repeating the rating for KMT by listing it as a “Equal-Weight.” The predicted price for KMT in the upcoming period, according to Morgan Stanley is $24 based on the research report published on January 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see KMT reach a price target of $19, previously predicting the price at $27. The rating they have provided for KMT stocks is “Sell” according to the report published on July 08th, 2022.
Loop Capital gave a rating of “Hold” to KMT, setting the target price at $29 in the report published on April 06th of the previous year.
KMT Trading at -3.12% from the 50-Day Moving Average
After a stumble in the market that brought KMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.35% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -3.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.21% lower at present.
During the last 5 trading sessions, KMT rose by +3.44%, which changed the moving average for the period of 200-days by -2.66% in comparison to the 20-day moving average, which settled at $23.44. In addition, Kennametal Inc. saw -7.87% 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 KMT starting from Witt John Wayne, who sale 579 shares at the price of $24.37 back on Jun 13 ’24. After this action, Witt John Wayne now owns 764 shares of Kennametal Inc., valued at $14,111 using the latest closing price.
Chowbey Sanjay, the President and CEO of Kennametal Inc., purchase 5,000 shares at $24.28 during a trade that took place back on Jun 10 ’24, which means that Chowbey Sanjay is holding 49,270 shares at $121,403 based on the most recent closing price.
Stock Fundamentals for KMT
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.31 for the gross margin
The net margin for Kennametal Inc. stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 8.55, with 4.24 for asset returns.
Based on Kennametal Inc. (KMT), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 6.27.
Currently, EBITDA for the company is 204.85 million with net debt to EBITDA at 2.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 6.77for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
To sum up, Kennametal Inc. (KMT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
