In the past week, WKC stock has gone up by 10.34%, with a monthly gain of 12.35% and a quarterly surge of 19.99%. The volatility ratio for the week is 2.58%, and the volatility levels for the last 30 days are 2.01% for World Kinect Corp The simple moving average for the last 20 days is 8.37% for WKC’s stock, with a simple moving average of 23.30% for the last 200 days.
Is It Worth Investing in World Kinect Corp (NYSE: WKC) Right Now?
World Kinect Corp (NYSE: WKC) has a higher price-to-earnings ratio of 13.65x compared to its average ratio, The 36-month beta value for WKC is at 1.24. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for WKC is 57.13M, and currently, shorts hold a 9.86% of that float. The average trading volume for WKC on September 20, 2024 was 622.75K shares.
WKC) stock’s latest price update
The stock of World Kinect Corp (NYSE: WKC) has increased by 2.05 when compared to last closing price of 30.23.Despite this, the company has seen a gain of 10.34% in its stock price over the last five trading days. forbes.com reported 2024-08-01 that World Kinect has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among energy companies, WKC shares displayed both attractive valuation metrics and strong profitability metrics.
Analysts’ Opinion of WKC
Many brokerage firms have already submitted their reports for WKC stocks, with Morgan Stanley repeating the rating for WKC by listing it as a “Underweight.” The predicted price for WKC in the upcoming period, according to Morgan Stanley is $28 based on the research report published on September 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see WKC reach a price target of $25. The rating they have provided for WKC stocks is “Neutral” according to the report published on February 21st, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to WKC, setting the target price at $24 in the report published on November 06th of the previous year.
WKC Trading at 12.41% from the 50-Day Moving Average
After a stumble in the market that brought WKC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.23% of gains for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +11.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.40% upper at present.
During the last 5 trading sessions, WKC rose by +10.34%, which changed the moving average for the period of 200-days by +43.49% in comparison to the 20-day moving average, which settled at $28.62. In addition, World Kinect Corp saw 35.43% 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 WKC starting from KASBAR MICHAEL J, who sale 58,948 shares at the price of $27.92 back on Aug 19 ’24. After this action, KASBAR MICHAEL J now owns 1,019,063 shares of World Kinect Corp, valued at $1,645,828 using the latest closing price.
KASBAR MICHAEL J, the Officer of World Kinect Corp, proposed sale 58,948 shares at $27.92 during a trade that took place back on Aug 19 ’24, which means that KASBAR MICHAEL J is holding shares at $1,645,927 based on the most recent closing price.
Stock Fundamentals for WKC
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.02 for the gross margin
The net margin for World Kinect Corp stands at 0.0. The total capital return value is set at 0.03. Equity return is now at value 6.81, with 1.92 for asset returns.
Based on World Kinect Corp (WKC), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 1.39.
Currently, EBITDA for the company is 346.7 million with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 0.05. The receivables turnover for the company is 17.78for trailing twelve months and the total asset turnover is 6.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In conclusion, World Kinect Corp (WKC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
