In the past week, K stock has gone up by 0.55%, with a monthly gain of 0.06% and a quarterly surge of 1.02%. The volatility ratio for the week is 0.36%, and the volatility levels for the last 30 days are 0.37% for Kellanova Co The simple moving average for the last 20 days is 0.27% for K stock, with a simple moving average of 23.47% for the last 200 days.
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
Kellanova Co (NYSE: K) has a price-to-earnings ratio of 27.88x that is above its average ratio. Additionally, the 36-month beta value for K is 0.38. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 2 rating it as “sell.”
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The public float for K is 292.30M and currently, short sellers hold a 1.73% ratio of that float. The average trading volume of K on November 14, 2024 was 3.22M shares.
K) stock’s latest price update
The stock of Kellanova Co (NYSE: K) has decreased by -0.09 when compared to last closing price of 81.18. Despite this, the company has experienced a 0.55% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-14 that Second year of partnership underscores Kellanova’s commitment to creating #BetterDays for everyone CHICAGO, Nov. 14, 2024 /PRNewswire/ — For the second year in a row, Cheez-It® is partnering with the College Football Playoff (CFP) Foundation’s Extra Yard for Teachers initiative to give back to educators who have continuously stepped up for their students. Cheez-It is donating $300,000 to Extra Yard for Teachers—a $50,000 increase from the previous year—to help ensure teachers have the tools they need to inspire and educate future generations.
Analysts’ Opinion of K
Many brokerage firms have already submitted their reports for K stocks, with Exane BNP Paribas repeating the rating for K by listing it as a “Neutral.” The predicted price for K in the upcoming period, according to Exane BNP Paribas is $83 based on the research report published on November 01, 2024 of the current year 2024.
DA Davidson gave a rating of “Neutral” to K, setting the target price at $83.50 in the report published on August 26th of the current year.
K Trading at 0.50% from the 50-Day Moving Average
After a stumble in the market that brought K to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.29% of loss for the given period.
Volatility was left at 0.37%, however, over the last 30 days, the volatility rate increased by 0.36%, as shares surge +0.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.10% upper at present.
During the last 5 trading sessions, K rose by +0.51%, which changed the moving average for the period of 200-days by +48.06% in comparison to the 20-day moving average, which settled at $80.89. In addition, Kellanova Co saw 45.06% 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 K starting from KELLOGG W K FOUNDATION TRUST, who proposed sale 458,332 shares at the price of $80.89 back on Nov 07 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns shares of Kellanova Co, valued at $37,072,734 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 114,583 shares at $80.89 during a trade that took place back on Nov 07 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 49,566,191 shares at $9,268,183 based on the most recent closing price.
Stock Fundamentals for K
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.35 for the gross margin
The net margin for Kellanova Co stands at 0.08. The total capital return value is set at 0.16. Equity return is now at value 26.87, with 6.00 for asset returns.
Based on Kellanova Co (K), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is 5.18.
Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at 3.13. When we switch over and look at the enterprise to sales, we see a ratio of 2.65. The receivables turnover for the company is 7.53for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
In conclusion, Kellanova Co (K) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
