The stock of KLX Energy Services Holdings Inc (NASDAQ: KLXE) has decreased by -6.40 when compared to last closing price of 4.53.Despite this, the company has seen a loss of -18.46% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-11 that KLX Energy Services Holdings, Inc. (NASDAQ:KLXE ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Ken Dennard – IR Christopher Baker – President & CEO Keefer Lehner – EVP & CFO Conference Call Participants Luke Lemoine – Piper Sandler Steve Ferazani – Sidoti & Company John Daniel – Daniel Energy Partners David Marsh – Singular Research Operator Greetings, and welcome to KLX Energy Services Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Is It Worth Investing in KLX Energy Services Holdings Inc (NASDAQ: KLXE) Right Now?
The stock has a 36-month beta value of 1.98. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KLXE is 13.43M, and at present, short sellers hold a 11.44% of that float. On October 23, 2024, the average trading volume of KLXE was 130.22K shares.
KLXE’s Market Performance
The stock of KLX Energy Services Holdings Inc (KLXE) has seen a -18.46% decrease in the past week, with a -28.14% drop in the past month, and a -32.48% fall in the past quarter. The volatility ratio for the week is 7.29%, and the volatility levels for the past 30 days are at 6.03% for KLXE. The simple moving average for the past 20 days is -20.33% for KLXE’s stock, with a -37.25% simple moving average for the past 200 days.
Analysts’ Opinion of KLXE
Jefferies gave a rating of “Buy” to KLXE, setting the target price at $35 in the report published on April 03rd of the previous year.
KLXE Trading at -29.18% from the 50-Day Moving Average
After a stumble in the market that brought KLXE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.03% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 7.29%, as shares sank -29.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.26% lower at present.
During the last 5 trading sessions, KLXE fell by -18.46%, which changed the moving average for the period of 200-days by -62.41% in comparison to the 20-day moving average, which settled at $5.32. In addition, KLX Energy Services Holdings Inc saw -62.34% 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 KLXE starting from Stanford Geoffrey C, who sale 7,790 shares at the price of $6.93 back on Aug 21 ’24. After this action, Stanford Geoffrey C now owns 27,003 shares of KLX Energy Services Holdings Inc, valued at $53,985 using the latest closing price.
Baker Christopher J., the of KLX Energy Services Holdings Inc, sale 4,000 shares at $9.44 during a trade that took place back on Dec 01 ’23, which means that Baker Christopher J. is holding 131,041 shares at $37,760 based on the most recent closing price.
Stock Fundamentals for KLXE
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.14 for the gross margin
The net margin for KLX Energy Services Holdings Inc stands at -0.04. The total capital return value is set at 0.02. Equity return is now at value -128.48, with -6.25 for asset returns.
Based on KLX Energy Services Holdings Inc (KLXE), the company’s capital structure generated 0.97 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 31.61. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 127.8 million with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 6.52for trailing twelve months and the total asset turnover is 1.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
To sum up, KLX Energy Services Holdings Inc (KLXE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
