Kennametal Inc (NYSE: KMT) has a higher price-to-earnings ratio of 22.60x compared to its average ratio. KMT has 36-month beta value of 1.64. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for KMT is 76.77M, and currently, short sellers hold a 8.48% ratio of that float. The average trading volume of KMT on November 22, 2024 was 829.18K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
KMT) stock’s latest price update
The stock price of Kennametal Inc (NYSE: KMT) has surged by 2.02 when compared to previous closing price of 28.26, but the company has seen a 0.49% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-15 that – Approval based on positive data from the AUGMENT-101 clinical trial, in which Revuforj delivered robust and durable rates of remission in R/R acute leukemia patients with a KMT2A translocation – – Syndax to host conference call today at 6:00 p.m. ET – WALTHAM, Mass.
KMT’s Market Performance
KMT’s stock has risen by 0.49% in the past week, with a monthly rise of 14.86% and a quarterly rise of 11.48%. The volatility ratio for the week is 2.36% while the volatility levels for the last 30 days are 3.30% for Kennametal Inc The simple moving average for the past 20 days is 4.09% for KMT’s stock, with a 15.10% simple moving average for the past 200 days.
Analysts’ Opinion of KMT
Many brokerage firms have already submitted their reports for KMT stocks, with BofA Securities repeating the rating for KMT by listing it as a “Underperform.” The predicted price for KMT in the upcoming period, according to BofA Securities is $26 based on the research report published on October 18, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see KMT reach a price target of $24. The rating they have provided for KMT stocks is “Equal-Weight” according to the report published on January 08th, 2024.
UBS gave a rating of “Sell” to KMT, setting the target price at $19 in the report published on July 08th of the previous year.
KMT Trading at 9.18% from the 50-Day Moving Average
After a stumble in the market that brought KMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.41% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +14.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.78% upper at present.
During the last 5 trading sessions, KMT rose by +0.49%, which changed the moving average for the period of 200-days by +17.72% in comparison to the 20-day moving average, which settled at $27.70. In addition, Kennametal Inc saw 11.79% 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 KMT starting from Bacchus Judith L, who sale 32,000 shares at the price of $29.37 back on Nov 07 ’24. After this action, Bacchus Judith L now owns 34,500 shares of Kennametal Inc, valued at $939,904 using the latest closing price.
Davis Cindy L, the Director of Kennametal Inc, sale 13,053 shares at $30.83 during a trade that took place back on Nov 07 ’24, which means that Davis Cindy L is holding 6,534 shares at $402,463 based on the most recent closing price.
Stock Fundamentals for KMT
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.3 for the gross margin
The net margin for Kennametal Inc stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 7.99, with 4.03 for asset returns.
Based on Kennametal Inc (KMT), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 6.46.
Currently, EBITDA for the company is 320.36 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 7.21for 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 2.52.
Conclusion
To put it simply, Kennametal Inc (KMT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
