Kennametal Inc (NYSE: KMT) has seen a decline in its stock price by -2.98 in relation to its previous close of 27.88. However, the company has experienced a -5.75% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that KMT is set to benefit from strong momentum in the Infrastructure segment. However, increasing costs and expenses remain a concern.
Is It Worth Investing in Kennametal Inc (NYSE: KMT) Right Now?
The price-to-earnings ratio for Kennametal Inc (NYSE: KMT) is 21.20x, which is above its average ratio. Moreover, the 36-month beta value for KMT is 1.64. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for KMT is 76.77M and currently, short sellers hold a 8.59% of that float. On December 06, 2024, KMT’s average trading volume was 844.12K shares.
KMT’s Market Performance
KMT stock saw a decrease of -5.75% in the past week, with a monthly decline of -13.38% and a quarterly a decrease of 10.95%. The volatility ratio for the week is 1.95%, and the volatility levels for the last 30 days are 3.18% for Kennametal Inc (KMT). The simple moving average for the last 20 days is -5.70% for KMT stock, with a simple moving average of 7.10% for the last 200 days.
Analysts’ Opinion of KMT
BofA Securities, on the other hand, stated in their research note that they expect to see KMT reach a price target of $26. The rating they have provided for KMT stocks is “Underperform” according to the report published on October 18th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to KMT, setting the target price at $24 in the report published on January 08th of the current year.
KMT Trading at 0.31% 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 -15.94% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -7.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.91% upper at present.
During the last 5 trading sessions, KMT fell by -5.47%, which changed the moving average for the period of 200-days by +12.53% in comparison to the 20-day moving average, which settled at $28.69. In addition, Kennametal Inc saw 4.89% 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 Cardenas Franklin, who sale 20,470 shares at the price of $28.24 back on Dec 04 ’24. After this action, Cardenas Franklin now owns 39,581 shares of Kennametal Inc, valued at $578,052 using the latest closing price.
Cardenas Franklin, the Officer of Kennametal Inc, proposed sale 20,470 shares at $28.24 during a trade that took place back on Dec 04 ’24, which means that Cardenas Franklin is holding shares at $578,056 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 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 6.46.
Currently, EBITDA for the company is 306.63 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 1.29. 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 wrap up, the performance of Kennametal Inc (KMT) has been mixed in recent times. The stock has received a mixed of “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.
