The stock of Kaspi.kz JSC ADR (NASDAQ: KSPI) has decreased by -12.60 when compared to last closing price of 119.01.Despite this, the company has seen a loss of -16.70% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that ALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) — Kaspi.kz has received its first international credit rating. Fitch rates Kaspi.kz investment grade BBB- with a stable outlook. This rating is separate from Kaspi Bank, a component of Kaspi.kz’s Fintech Platform, which has been tracked by international rating agencies for many years. Fitch also rates Kaspi Bank investment grade BBB- with a stable outlook.
Is It Worth Investing in Kaspi.kz JSC ADR (NASDAQ: KSPI) Right Now?
Kaspi.kz JSC ADR (NASDAQ: KSPI) has a higher price-to-earnings ratio of 9.72x compared to its average ratio, Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for KSPI is 191.96M, and currently, shorts hold a 0.56% of that float. The average trading volume for KSPI on September 19, 2024 was 223.12K shares.
KSPI’s Market Performance
KSPI’s stock has seen a -16.70% decrease for the week, with a -16.73% drop in the past month and a -19.36% fall in the past quarter. The volatility ratio for the week is 4.62%, and the volatility levels for the past 30 days are at 3.66% for Kaspi.kz JSC ADR The simple moving average for the past 20 days is -16.79% for KSPI’s stock, with a -7.17% simple moving average for the past 200 days.
Analysts’ Opinion of KSPI
Many brokerage firms have already submitted their reports for KSPI stocks, with JP Morgan repeating the rating for KSPI by listing it as a “Overweight.” The predicted price for KSPI in the upcoming period, according to JP Morgan is $159 based on the research report published on March 11, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see KSPI reach a price target of $154. The rating they have provided for KSPI stocks is “Positive” according to the report published on February 27th, 2024.
Wolfe Research gave a rating of “Outperform” to KSPI, setting the target price at $130 in the report published on February 13th of the current year.
KSPI Trading at -18.02% from the 50-Day Moving Average
After a stumble in the market that brought KSPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.63% of loss for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 4.62%, as shares sank -21.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.09% lower at present.
During the last 5 trading sessions, KSPI fell by -19.71%, in comparison to the 20-day moving average, which settled at $123.67. In addition, Kaspi.kz JSC ADR saw 14.31% 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 KSPI starting from Asia Equity Partners Ltd, who proposed sale 380,000 shares at the price of $119.01 back on Sep 18 ’24. After this action, Asia Equity Partners Ltd now owns shares of Kaspi.kz JSC ADR, valued at $45,223,800 using the latest closing price.
Asia Equity Partners Ltd., the Director of Kaspi.kz JSC ADR, proposed sale 1,000,000 shares at $130.13 during a trade that took place back on Aug 01 ’24, which means that Asia Equity Partners Ltd. is holding shares at $130,130,000 based on the most recent closing price.
Stock Fundamentals for KSPI
Current profitability levels for the company are sitting at:
- 0.58 for the present operating margin
- 0.7 for the gross margin
The net margin for Kaspi.kz JSC ADR stands at 0.42. The total capital return value is set at 0.88. Equity return is now at value 89.89, with 14.62 for asset returns.
Based on Kaspi.kz JSC ADR (KSPI), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 4.98. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 8.75.
Currently, EBITDA for the company is 998.8 billion with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 3.86. The receivables turnover for the company is 0.45for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In conclusion, Kaspi.kz JSC ADR (KSPI) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
