The stock of Kellanova Co (K) has seen a -0.64% decrease in the past week, with a 27.28% gain in the past month, and a 33.85% flourish in the past quarter. The volatility ratio for the week is 0.25%, and the volatility levels for the past 30 days are at 1.28% for K. The simple moving average for the last 20 days is 2.52% for K stock, with a simple moving average of 36.59% for the last 200 days.
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
The price-to-earnings ratio for Kellanova Co (NYSE: K) is above average at 30.46x, Company’s 36-month beta value is 0.38.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 2 as “sell.”
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The public float for K is 290.07M, and currently, short sellers hold a 3.39% ratio of that floaft. The average trading volume of K on September 04, 2024 was 3.76M shares.
K) stock’s latest price update
The stock of Kellanova Co (NYSE: K) has decreased by -0.56 when compared to last closing price of 80.61. Despite this, the company has experienced a -0.64% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-03 that Amp Up the Flavor at Moe’s with Cheez-It Crackers for a Limited Time ATLANTA, Sept. 3, 2024 /PRNewswire/ — Fast-casual restaurant brand Moe’s Southwest Grill ® is expanding their bold flavors and endless customizations by adding beloved Cheez-It® crackers to its lineup of fresh and free ingredients.
Analysts’ Opinion of K
Many brokerage firms have already submitted their reports for K stocks, with DA Davidson repeating the rating for K by listing it as a “Neutral.” The predicted price for K in the upcoming period, according to DA Davidson is $83.50 based on the research report published on August 26, 2024 of the current year 2024.
Goldman gave a rating of “Neutral” to K, setting the target price at $75 in the report published on August 12th of the current year.
K Trading at 21.72% from the 50-Day Moving Average
After a stumble in the market that brought K to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.00% of loss for the given period.
Volatility was left at 1.28%, however, over the last 30 days, the volatility rate increased by 0.25%, as shares surge +9.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.46% upper at present.
During the last 5 trading sessions, K fell by -0.64%, which changed the moving average for the period of 200-days by +52.45% in comparison to the 20-day moving average, which settled at $78.54. In addition, Kellanova Co saw 43.37% 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 K starting from KELLOGG W K FOUNDATION TRUST, who sale 77,800 shares at the price of $80.62 back on Aug 28 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 50,597,438 shares of Kellanova Co, valued at $6,272,205 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 77,800 shares at $80.32 during a trade that took place back on Aug 21 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 50,675,238 shares at $6,249,098 based on the most recent closing price.
Stock Fundamentals for K
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.34 for the gross margin
The net margin for Kellanova Co stands at 0.07. The total capital return value is set at 0.16. Equity return is now at value 25.72, with 5.60 for asset returns.
Based on Kellanova Co (K), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is 5.14.
Currently, EBITDA for the company is 1.92 billion with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 8.17for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
In a nutshell, Kellanova Co (K) has experienced a better performance in recent times. The stock has received mixed “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
