WK Kellogg Co (NYSE:KLG) shares, rose in value on Friday, May 09, with the stock price down by -0.70% to the previous day’s close as strong demand from buyers drove the stock to $17.01.
Actively observing the price movement in the last trading, the stock closed the session at $17.13. The PE ratio was 26.38 over 12-month period. Referring to stock’s 52-week performance, its high was $22.77, and the low was $14.80. On the whole, KLG has fluctuated by -10.24% over the past month.
With the market capitalization of WK Kellogg Co currently standing at about $1.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.65, with its dividend yield at 3.79%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.68B, with a low estimate of 643.44M and a high estimate of 661M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 653.36M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KLG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.50, with the price of KLG currently trading nearly -6.65% and -10.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.59, while the 7-day volatility ratio is showing 7.56% which for the 30-day chart, stands at 4.71%. Furthermore, WK Kellogg Co (KLG)’s beta value is 0.96, and its average true range (ATR) is 0.88.
A comparison of WK Kellogg Co (KLG) with its peers suggests the former has fared considerably weaker in the market. KLG showed an intraday change of -0.70% in last session, and over the past year, it shrunk by -29.91%%.
Data on historical trading for WK Kellogg Co (NYSE:KLG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 86.15 million shares outstanding.
Nearly 27.64% of WK Kellogg Co’s shares belong to company insiders and institutional investors own 78.19% of the company’s shares. The stock has fallen by -5.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KLG stock heading into the next quarter.
