Kenvue Inc (NYSE:KVUE) traded at $18.86 at close of the session on Friday, April 26, made a downward move of -0.84% on its previous day’s price.
Looking at the stock we see that its previous close was $19.02 . The company has a trailing 12-month PE ratio of 23.61. In terms of its 52-week price range, KVUE has a high of $27.80 and a low of $17.82. The company’s stock has lost about -12.07% over that past 30 days.
Kenvue Inc has a market cap of $36.11 billion. With its Forward Dividend at 0.40 and a yield of 2.12%, the company’s investors could be anxious for the KVUE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.25, with the EPS growth for the year raised at $1.14 for 2024 and $1.24 for next year. These figures represent -11.60% and 8.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.79 billion, with a low of $3.75 billion and a high of $3.83 billion. The median projection represents growth adding up to -1.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $15.63 billion, or 1.20% up from figures reported last year.
On the other hand, looking at the outlook for the KVUE stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the KVUE stock currently stands at 19.52, and the current price level is -5.05% off its SMA20 and -4.71% from its 50-day simple moving average. The RSI (14) is pointing at 33.17 while the volatility over the past week is 1.86% and jumps to 1.87% over the past one month.
Coming back to Kenvue Inc (NYSE:KVUE), we note that the average 3-month trading volume was 16.56 million. Current shares outstanding are 1.92 billion.
The insiders hold 19.13% of the company’s shares while institutions hold 89.12%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -12.40% down in year-to-date price movement.
