Kirkland’s Inc (NASDAQ: KIRK)’s stock price has gone rise by 4.47 in comparison to its previous close of 1.46, however, the company has experienced a -5.59% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-08-22 that NASHVILLE, Tenn., Aug. 22, 2024 /PRNewswire/ — Kirkland’s, Inc. (Nasdaq: KIRK) (“Kirkland’s Home” or the “Company”), a specialty retailer of home décor and furnishings, today announced that its financial results for the second quarter of fiscal 2024 will be released before market open on Thursday, September 5, 2024.
Is It Worth Investing in Kirkland’s Inc (NASDAQ: KIRK) Right Now?
Company’s 36-month beta value is 2.36.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KIRK is 11.42M, and currently, short sellers hold a 8.13% ratio of that floaft. The average trading volume of KIRK on September 04, 2024 was 137.10K shares.
KIRK’s Market Performance
The stock of Kirkland’s Inc (KIRK) has seen a -5.59% decrease in the past week, with a -5.00% drop in the past month, and a -36.13% fall in the past quarter. The volatility ratio for the week is 7.96%, and the volatility levels for the past 30 days are at 6.45% for KIRK. The simple moving average for the past 20 days is 1.18% for KIRK’s stock, with a -32.96% simple moving average for the past 200 days.
Analysts’ Opinion of KIRK
Many brokerage firms have already submitted their reports for KIRK stocks, with Craig Hallum repeating the rating for KIRK by listing it as a “Hold.” The predicted price for KIRK in the upcoming period, according to Craig Hallum is $15 based on the research report published on March 10, 2022 of the previous year 2022.
The Benchmark Company, on the other hand, stated in their research note that they expect to see KIRK reach a price target of $30. The rating they have provided for KIRK stocks is “Buy” according to the report published on October 15th, 2021.
Craig Hallum gave a rating of “Buy” to KIRK, setting the target price at $25 in the report published on December 01st of the previous year.
KIRK Trading at -6.18% from the 50-Day Moving Average
After a stumble in the market that brought KIRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.06% of loss for the given period.
Volatility was left at 6.45%, however, over the last 30 days, the volatility rate increased by 7.96%, as shares surge +5.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.56% lower at present.
During the last 5 trading sessions, KIRK fell by -5.59%, which changed the moving average for the period of 200-days by -6.17% in comparison to the 20-day moving average, which settled at $1.5063. In addition, Kirkland’s Inc saw -49.67% 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 KIRK starting from Collins Steven J, who proposed sale 78,563 shares at the price of $1.80 back on Aug 01 ’24. After this action, Collins Steven J now owns shares of Kirkland’s Inc, valued at $141,413 using the latest closing price.
Madden W Michael, the CFO of Kirkland’s Inc, purchase 2,500 shares at $1.76 during a trade that took place back on Oct 06 ’23, which means that Madden W Michael is holding 77,066 shares at $4,400 based on the most recent closing price.
Stock Fundamentals for KIRK
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.18 for the gross margin
The net margin for Kirkland’s Inc stands at -0.05. The total capital return value is set at -0.15. Equity return is now at value -388.01, with -9.55 for asset returns.
Based on Kirkland’s Inc (KIRK), the company’s capital structure generated 1.07 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at -15.76. The interest coverage ratio of the stock is -5.36.
Currently, EBITDA for the company is -9.57 million with net debt to EBITDA at -24.71. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 1039.39for trailing twelve months and the total asset turnover is 1.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In a nutshell, Kirkland’s Inc (KIRK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
