World Kinect Corp (NYSE: WKC) has a higher price-to-earnings ratio of 12.18x compared to its average ratio, The 36-month beta value for WKC is at 1.29. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for WKC is 56.14M, and currently, shorts hold a 11.48% of that float. The average trading volume for WKC on December 20, 2024 was 922.97K shares.
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WKC) stock’s latest price update
The stock price of World Kinect Corp (NYSE: WKC) has surged by 0.44 when compared to previous closing price of 27.27, but the company has seen a -2.94% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-12-13 that MIAMI–(BUSINESS WIRE)–World Kinect Corporation (NYSE: WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on January 16, 2025 to shareholders of record on December 23, 2024. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-.
WKC’s Market Performance
WKC’s stock has fallen by -2.94% in the past week, with a monthly drop of -1.47% and a quarterly drop of -12.77%. The volatility ratio for the week is 2.60% while the volatility levels for the last 30 days are 2.30% for World Kinect Corp The simple moving average for the past 20 days is -3.92% for WKC’s stock, with a 1.17% simple moving average for the past 200 days.
Analysts’ Opinion of WKC
Many brokerage firms have already submitted their reports for WKC stocks, with Stifel repeating the rating for WKC by listing it as a “Hold.” The predicted price for WKC in the upcoming period, according to Stifel is $32 based on the research report published on October 25, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see WKC reach a price target of $28. The rating they have provided for WKC stocks is “Underweight” according to the report published on September 16th, 2024.
JP Morgan gave a rating of “Neutral” to WKC, setting the target price at $25 in the report published on February 21st of the current year.
WKC Trading at -4.21% from the 50-Day Moving Average
After a stumble in the market that brought WKC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.61% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -2.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.78% lower at present.
During the last 5 trading sessions, WKC fell by -2.94%, which changed the moving average for the period of 200-days by +14.03% in comparison to the 20-day moving average, which settled at $28.51. In addition, World Kinect Corp saw 20.24% 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 WKC starting from Tejada Jose-Miguel, who sale 2,500 shares at the price of $28.08 back on Nov 18 ’24. After this action, Tejada Jose-Miguel now owns 30,858 shares of World Kinect Corp, valued at $70,188 using the latest closing price.
Tejada Jose-Miguel, the Officer of World Kinect Corp, proposed sale 2,500 shares at $28.08 during a trade that took place back on Nov 18 ’24, which means that Tejada Jose-Miguel is holding shares at $70,189 based on the most recent closing price.
Stock Fundamentals for WKC
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.02 for the gross margin
The net margin for World Kinect Corp stands at 0.0. The total capital return value is set at 0.03. Equity return is now at value 6.70, with 1.86 for asset returns.
Based on World Kinect Corp (WKC), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 0.73.
Currently, EBITDA for the company is 306.7 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.05. The receivables turnover for the company is 17.9for trailing twelve months and the total asset turnover is 6.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In conclusion, World Kinect Corp (WKC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
