Kraft Heinz Co (NASDAQ:KHC) shares, rose in value on Friday, April 26, with the stock price down by -0.47% to the previous day’s close as strong demand from buyers drove the stock to $38.19.
Actively observing the price movement in the recent trading, the stock is buoying the session at $38.37. The PE ratio was 16.51 over 12-month period. Referring to stock’s 52-week performance, its high was $41.47, and the low was $30.68. On the whole, KHC has fluctuated by 4.54% over the past month.
The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 4.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26.84B, with a low estimate of 6.37B and a high estimate of 6.46B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.43B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KHC’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 50% 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 3.88, with the price of KHC currently trading nearly 2.60% and 5.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.14, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 1.52%. Furthermore, Kraft Heinz Co (KHC)’s beta value is 0.65, and its average true range (ATR) is 0.59.
A comparison of Kraft Heinz Co (KHC) with its peers suggests the former has fared considerably weaker in the market. KHC showed an intraday change of -0.47% in today’s session so far, and over the past year, it shrunk by -2.97%%.
Data on historical trading for Kraft Heinz Co (NASDAQ:KHC) indicates that the trading volumes over the past 3 months, they’ve averaged 7.85 million. According to company’s latest data on outstanding shares, there are 1.22 billion shares outstanding.
Nearly 0.38% of Kraft Heinz Co’s shares belong to company insiders and institutional investors own 79.24% of the company’s shares. The stock has risen by 3.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KHC stock heading into the next quarter.
