The price-to-earnings ratio for Keycorp (NYSE: KEY) is above average at 18.66x. The 36-month beta value for KEY is also noteworthy at 1.24. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 6 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for KEY is 939.12M, and at present, short sellers hold a 2.82% of that float. The average trading volume of KEY on August 02, 2024 was 13.05M shares.
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KEY) stock’s latest price update
Keycorp (NYSE: KEY) has seen a decline in its stock price by -5.91 in relation to its previous close of 15.22. However, the company has experienced a -13.00% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-29 that Achievement celebrates hard work done by clients to build their credit history and grow their financial future CLEVELAND, July 29, 2024 /PRNewswire/ — Today, KeyBank (NYSE: KEY) announced that the Spring 2024 graduating class of the Key Secured Credit Card® program comprises more than 2,800 clients who have worked hard to improve their credit scores and establish financial stability. This class brings the total number of graduates to more than 30,900 clients since the program’s inception in 2019.
KEY’s Market Performance
Keycorp (KEY) has seen a -13.00% fall in stock performance for the week, with a 0.35% gain in the past month and a -3.70% plunge in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 2.88% for KEY. The simple moving average for the past 20 days is -7.60% for KEY’s stock, with a 2.56% simple moving average for the past 200 days.
Analysts’ Opinion of KEY
Many brokerage firms have already submitted their reports for KEY stocks, with UBS repeating the rating for KEY by listing it as a “Neutral.” The predicted price for KEY in the upcoming period, according to UBS is $15 based on the research report published on July 08, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see KEY reach a price target of $17, previously predicting the price at $10. The rating they have provided for KEY stocks is “Buy” according to the report published on January 09th, 2024.
KEY Trading at -1.85% 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 -13.24% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +3.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.97% lower at present.
During the last 5 trading sessions, KEY fell by -12.48%, which changed the moving average for the period of 200-days by +34.37% in comparison to the 20-day moving average, which settled at $15.52. In addition, Keycorp saw -0.56% 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 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:
- 0.28 for the present operating margin
- 1.0 for the gross margin
The net margin for Keycorp stands at 0.09. The total capital return value is set at 0.02. Equity return is now at value 6.00, with 0.45 for asset returns.
Based on Keycorp (KEY), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is 0.89.
Currently, EBITDA for the company is 3.0 million with net debt to EBITDA at 65.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
In summary, Keycorp (KEY) has had a mixed 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.
