Kirby Corp. (NYSE:KEX) shares, rose in value, with the stock price down by -0.14% to the previous day’s close as strong demand from buyers drove the stock to $112.00.
Actively observing the price movement in the last trading, the stock closed the session at $112.16. The PE ratio was 26.41 over 12-month period. Referring to stock’s 52-week performance, its high was $114.35, and the low was $66.42. On the whole, KEX has fluctuated by 17.86% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.28B, with a low estimate of 784.9M and a high estimate of 829.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 817.96M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KEX’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 8.25, with the price of KEX currently trading nearly 13.84% and 21.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.84, while the 7-day volatility ratio is showing 4.35% which for the 30-day chart, stands at 2.39%. Furthermore, Kirby Corp. (KEX)’s beta value is 1.14, and its average true range (ATR) is 2.79.
A comparison of Kirby Corp. (KEX) with its peers suggests the former has fared considerably weaker in the market. KEX showed an intraday change of -0.14% in last session, and over the past year, it grew by 68.17%%.
Data on historical trading for Kirby Corp. (NYSE:KEX) indicates that the trading volumes over the past 3 months, they’ve averaged 433.73K. According to company’s latest data on outstanding shares, there are 58.63 million shares outstanding.
Nearly 0.99% of Kirby Corp.’s shares belong to company insiders and institutional investors own 96.75% of the company’s shares. The stock has risen by 42.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KEX stock heading into the next quarter.
