The stock of WK Kellogg Co (KLG) has seen a 3.62% increase in the past week, with a -0.29% drop in the past month, and a 4.68% flourish in the past quarter. The volatility ratio for the week is 6.92%, and the volatility levels for the past 30 days are at 4.04% for KLG. The simple moving average for the past 20 days is 0.46% for KLG’s stock, with a -1.76% simple moving average for the past 200 days.
Is It Worth Investing in WK Kellogg Co (NYSE: KLG) Right Now?
The price-to-earnings ratio for WK Kellogg Co (NYSE: KLG) is above average at 22.43x, Company’s 36-month beta value is 0.75.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 3 as “sell.”
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The public float for KLG is 65.28M, and currently, short sellers hold a 15.07% ratio of that floaft. The average trading volume of KLG on November 14, 2024 was 831.78K shares.
KLG) stock’s latest price update
The stock price of WK Kellogg Co (NYSE: KLG) has plunged by -0.57 when compared to previous closing price of 17.55, but the company has seen a 3.62% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that KLG’s Q3 earnings and net sales exceed expectations but decline year over year. However, the company raises its 2024 adjusted EBITDA growth forecast.
Analysts’ Opinion of KLG
Many brokerage firms have already submitted their reports for KLG stocks, with BofA Securities repeating the rating for KLG by listing it as a “Underperform.” The predicted price for KLG in the upcoming period, according to BofA Securities is $17 based on the research report published on July 10, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see KLG reach a price target of $20. The rating they have provided for KLG stocks is “Underperform” according to the report published on May 08th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to KLG, setting the target price at $13 in the report published on December 14th of the previous year.
KLG Trading at -0.65% from the 50-Day Moving Average
After a stumble in the market that brought KLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.15% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 6.92%, as shares sank -1.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.68% upper at present.
During the last 5 trading sessions, KLG rose by +3.62%, which changed the moving average for the period of 200-days by +30.71% in comparison to the 20-day moving average, which settled at $17.37. In addition, WK Kellogg Co saw 32.80% 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 KLG starting from MURGUIA RAMON, who purchase 1,000 shares at the price of $14.64 back on Feb 28 ’24. After this action, MURGUIA RAMON now owns 10,860 shares of WK Kellogg Co, valued at $14,640 using the latest closing price.
Brice Sherry, the Chief Supply Chain Officer of WK Kellogg Co, purchase 3,150 shares at $11.75 during a trade that took place back on Nov 22 ’23, which means that Brice Sherry is holding 9,335 shares at $37,019 based on the most recent closing price.
Stock Fundamentals for KLG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.29 for the gross margin
The net margin for WK Kellogg Co stands at 0.03. The total capital return value is set at 0.12. Equity return is now at value 26.56, with 3.61 for asset returns.
Based on WK Kellogg Co (KLG), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 3.94.
Currently, EBITDA for the company is 332.0 million with net debt to EBITDA at 2.83. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 13.66for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
Conclusion
In a nutshell, WK Kellogg Co (KLG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
