Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KLG is 65.09M, and at present, short sellers hold a 12.30% of that float. On August 07, 2024, the average trading volume of KLG was 1.11M shares.
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KLG) stock’s latest price update
The stock price of WK Kellogg Co (NYSE: KLG) has plunged by -6.96 when compared to previous closing price of 17.39, but the company has seen a -6.85% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-06 that WK Kellogg Co (NYSE:KLG ) Q2 2024 Earnings Conference Call August 6, 2024 9:30 AM ET Company Participants Karen Duke – Vice President, Finance and IR Gary Pilnick – Chairman and CEO Dave McKinstray – Chief Financial Officer Conference Call Participants Kenneth Goldman – JPMorgan David Palmer – Evercore ISI Peter Galbo – Bank of America Max Gumport – BNP Paribas Scott Marks – Jefferies Robert Moskow – TD Cowen Operator Good afternoon. And welcome to the Q2 WK Kellogg Company Earnings Conference Call.
KLG’s Market Performance
WK Kellogg Co (KLG) has experienced a -6.85% fall in stock performance for the past week, with a 0.25% rise in the past month, and a -31.27% drop in the past quarter. The volatility ratio for the week is 5.25%, and the volatility levels for the past 30 days are at 4.12% for KLG. The simple moving average for the last 20 days is -2.82% for KLG stock, with a simple moving average of 2.38% for the last 200 days.
Analysts’ Opinion of KLG
Many brokerage firms have already submitted their reports for KLG stocks, with BofA Securities repeating the rating for KLG by listing it as a “Underperform.” The predicted price for KLG in the upcoming period, according to BofA Securities is $17 based on the research report published on July 10, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see KLG reach a price target of $20. The rating they have provided for KLG stocks is “Underperform” according to the report published on May 08th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to KLG, setting the target price at $13 in the report published on December 14th of the previous year.
KLG Trading at -6.83% from the 50-Day Moving Average
After a stumble in the market that brought KLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.31% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 5.25%, as shares surge +0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.14% lower at present.
During the last 5 trading sessions, KLG fell by -6.85%, which changed the moving average for the period of 200-days by +64.26% in comparison to the 20-day moving average, which settled at $16.65. In addition, WK Kellogg Co saw 23.14% 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 KLG starting from MURGUIA RAMON, who purchase 1,000 shares at the price of $14.64 back on Feb 28 ’24. After this action, MURGUIA RAMON now owns 10,860 shares of WK Kellogg Co, valued at $14,640 using the latest closing price.
Brice Sherry, the Chief Supply Chain Officer of WK Kellogg Co, purchase 3,150 shares at $11.75 during a trade that took place back on Nov 22 ’23, which means that Brice Sherry is holding 9,335 shares at $37,019 based on the most recent closing price.
Stock Fundamentals for KLG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.28 for the gross margin
The net margin for WK Kellogg Co stands at 0.04. The total capital return value is set at 0.12.
Based on WK Kellogg Co (KLG), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.72. The debt to equity ratio resting at 1.59. The interest coverage ratio of the stock is 3.56.
Currently, EBITDA for the company is 249.0 million with net debt to EBITDA at 2.26. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 11.23for trailing twelve months and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
To sum up, WK Kellogg Co (KLG) has seen a mixed 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.
