Keycorp (NYSE:KEY) shares, rose in value, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $15.06.
Actively observing the price movement in the last trading, the stock closed the session at $15.08. The value of beta (5-year monthly) was 1.27 whereas the PE ratio was 17.04 over 12-month period. Referring to stock’s 52-week performance, its high was $15.86, and the low was $8.53. On the whole, KEY has fluctuated by 0.47% over the past month.
With the market capitalization of Keycorp currently standing at about $14.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 18, 2024. The company’s Forward Dividend Ratio is 0.82, with its dividend yield at 5.44%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.22, which is expected to increase to $0.3 for fiscal year $1.19 and then to about $1.65 by fiscal year 2025. Data indicates that the EPS growth is expected to be 8.20% in 2025, while the next year’s EPS growth is forecast to be 38.70%.
Analysts have estimated the company’s revenue for the quarter at $1.51 billion, with a low estimate of $1.48 billion and a high estimate of $1.56 billion. According to the average forecast, sales growth in current quarter could jump down -15.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.39 billion, representing a decrease of -0.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 3 upward and no downward review(s) in last seven days. We see that KEY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KEY currently trading nearly 0.21% and 3.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.30, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 2.54%. Furthermore, Keycorp (KEY)’s beta value is 1.28, and its average true range (ATR) is 0.41.
A comparison of Keycorp (KEY) with its peers suggests the former has fared considerably weaker in the market. KEY showed an intraday change of -0.13% in last session, and over the past year, it grew by 28.39%%.
Data on historical trading for Keycorp (NYSE:KEY) indicates that the trading volumes over the past 10 days have averaged 9.49 million and over the past 3 months, they’ve averaged 16.49 million. According to company’s latest data on outstanding shares, there are 936.56 million shares outstanding.
Nearly 0.43% of Keycorp’s shares belong to company insiders and institutional investors own 80.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.59 million shares as on Mar 15, 2024, resulting in a short ratio of 1.64. According to the data, the short interest in Keycorp (KEY) stood at 2.87% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 26.88 million. The stock has risen by 4.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KEY stock heading into the next quarter.
