The stock of Keycorp (KEY) has gone up by 2.48% for the week, with a 2.88% rise in the past month and a 17.96% rise in the past quarter. The volatility ratio for the week is 3.84%, and the volatility levels for the past 30 days are 2.79% for KEY. The simple moving average for the past 20 days is -2.30% for KEY’s stock, with a 9.58% simple moving average for the past 200 days.
Is It Worth Investing in Keycorp (NYSE: KEY) Right Now?
The price-to-earnings ratio for Keycorp (NYSE: KEY) is above average at 20.96x, Company’s 36-month beta value is 1.24.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for KEY is 939.16M, and currently, short sellers hold a 2.29% ratio of that floaft. The average trading volume of KEY on September 16, 2024 was 15.25M shares.
KEY) stock’s latest price update
The stock price of Keycorp (NYSE: KEY) has plunged by -0.06 when compared to previous closing price of 16.10, but the company has seen a 2.48% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-11 that CLEVELAND, Sept. 11, 2024 /PRNewswire/ — KeyCorp (NYSE: KEY) announced a strategic relationship, which includes a minority investment, with Zentist, a leading cloud-based Insurance Revenue Cycle Management (RCM) software provider for Dental Support Organizations (DSOs) across the country.
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 2.22% 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 -6.45% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares sank -0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.75% upper at present.
During the last 5 trading sessions, KEY rose by +2.48%, which changed the moving average for the period of 200-days by +36.82% in comparison to the 20-day moving average, which settled at $16.46. In addition, Keycorp saw 11.74% 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 KEY starting from Brady Amy G., who sale 42,535 shares at the price of $16.92 back on Aug 29 ’24. After this action, Brady Amy G. now owns 82,648 shares of Keycorp, valued at $719,692 using the latest closing price.
Brady Amy G., the Officer of Keycorp, proposed sale 42,535 shares at $16.92 during a trade that took place back on Aug 29 ’24, which means that Brady Amy G. is holding shares at $719,786 based on the most recent closing price.
Stock Fundamentals for KEY
Current profitability levels for the company are sitting at:
- 0.32 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 0.08. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is 0.79.
Currently, EBITDA for the company is 3.0 million with net debt to EBITDA at 64.41. When we switch over and look at the enterprise to sales, we see a ratio of 3.77. The receivables turnover for the company is 3.11for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
In a nutshell, Keycorp (KEY) has experienced a better performance in recent times. The stock has received mixed “buy” 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.
