The 36-month beta value for KIRK is at 2.35. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KIRK is 11.49M, and currently, shorts hold a 8.25% of that float. The average trading volume for KIRK on September 23, 2024 was 120.95K shares.
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KIRK) stock’s latest price update
Kirkland’s Inc (NASDAQ: KIRK) has experienced a rise in its stock price by 15.54 compared to its previous closing price of 1.93. However, the company has seen a gain of 16.15% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-05 that Kirkland’s Inc. (NASDAQ:KIRK ) Q2 2024 Earnings Conference Call September 5, 2024 9:00 AM ET Company Participants Amy Sullivan – President, Chief Executive Officer Michael Madden – Executive Vice President, Chief Financial Officer Caitlin Churchill – Director of Investor Relations Conference Call Participants Jeremy Hamblin – Craig Hallum John Lawrence – Benchmark Operator Good morning everyone and thank you for participating in today’s conference call to discuss Kirkland’s financial results for the second quarter ended August 3, 2024. Joining us today are Kirkland Home CEO, Amy Sullivan, EVP and CFO Mike Madden, and the company’s external Director of Investor Relations, Caitlin Churchill.
KIRK’s Market Performance
Kirkland’s Inc (KIRK) has experienced a 16.15% rise in stock performance for the past week, with a 43.87% rise in the past month, and a 23.89% rise in the past quarter. The volatility ratio for the week is 6.04%, and the volatility levels for the past 30 days are at 7.28% for KIRK. The simple moving average for the past 20 days is 35.56% for KIRK’s stock, with a -0.37% 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 37.16% 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 -37.00% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 6.04%, as shares surge +43.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.43% upper at present.
During the last 5 trading sessions, KIRK rose by +16.15%, which changed the moving average for the period of 200-days by -34.02% in comparison to the 20-day moving average, which settled at $1.68. In addition, Kirkland’s Inc saw -26.16% 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:
- -0.03 for the present operating margin
- 0.14 for the gross margin
The net margin for Kirkland’s Inc stands at -0.04. The total capital return value is set at -0.11. Equity return is now at value -388.01, with -7.13 for asset returns.
Based on Kirkland’s Inc (KIRK), the company’s capital structure generated 1.25 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at -5.07. The interest coverage ratio of the stock is -3.48.
Currently, EBITDA for the company is -9.57 million with net debt to EBITDA at -42.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 880.22for trailing twelve months and the total asset turnover is 1.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
In conclusion, Kirkland’s Inc (KIRK) has had a better 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.
