Kennametal Inc. (NYSE:KMT) price on Friday, April 19, rose 1.70% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $24.51.
A look at the stock’s price movement, the close in the last trading session was $24.10. The beta value (5-Year monthly) was 1.77 while the PE ratio in trailing twelve months stood at 16.31. Turning to its 52-week performance, $30.60 and $22.08 were the 52-week high and 52-week low respectively. Overall, KMT moved 0.91% over the past month.
Kennametal Inc.’s market cap currently stands at around $1.94 billion, with investors looking forward to this quarter’s earnings report slated for Apr 29, 2024 – May 03, 2024. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 3.26%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that KMT is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.58, with KMT’s current price about 1.43% and 0.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.86, while 7-day volatility ratio is 2.22% and 1.84% in the 30-day chart. Further, Kennametal Inc. (KMT) has a beta value of 1.75, and an average true range (ATR) of 0.54.
If we refocus on Kennametal Inc. (NYSE:KMT), historical trading data shows that trading volumes averaged 624.97K over the past 3 months. The company’s latest data on shares outstanding shows there are 79.83 million shares.
The 4.36% of Kennametal Inc.’s shares are in the hands of company insiders while institutional holders own 103.80% of the company’s shares. Current price change has pushed the stock -4.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KMT stock continues to rise going into the next quarter.
