The price-to-earnings ratio for World Kinect Corp (NYSE: WKC) is above average at 13.68x. The 36-month beta value for WKC is also noteworthy at 1.25. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for WKC is 57.13M, and at present, short sellers hold a 10.04% of that float. The average trading volume of WKC on October 03, 2024 was 750.83K shares.
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WKC) stock’s latest price update
The stock price of World Kinect Corp (NYSE: WKC) has surged by 0.42 when compared to previous closing price of 30.79, but the company has seen a 1.64% gain in its stock price over the last five trading sessions. 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.
WKC’s Market Performance
World Kinect Corp (WKC) has experienced a 1.64% rise in stock performance for the past week, with a 8.53% rise in the past month, and a 20.12% rise in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 2.37% for WKC. The simple moving average for the past 20 days is 4.48% for WKC’s stock, with a 21.41% simple moving average for the past 200 days.
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 9.40% 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 unable to rebound, for now settling with -2.48% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +9.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.07% upper at present.
During the last 5 trading sessions, WKC rose by +1.64%, which changed the moving average for the period of 200-days by +40.87% in comparison to the 20-day moving average, which settled at $29.73. In addition, World Kinect Corp saw 35.73% 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 summary, World Kinect Corp (WKC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
