Eastman Kodak Company (NYSE:KODK) traded at $6.19 at last check on Tuesday, Sep 15, making a downturn move of -4.77% on its previous day’s price.
Looking at the stock we see that its previous close was $6.5 and the beta (5Y monthly) reads 5.82 with the day’s price range being $5.94 – 6.53. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, KODK has a high of $60 and a low of $1.5. The company’s stock has gained about -29.35% over that past 30 days.
On the other hand, looking at the outlook for the KODK stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Eastman Kodak Company (KODK) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the KODK stock currently stands at 0, and the current price level is -6.67% off its SMA20 and -19.28% from its 50-day simple moving average. The RSI (14) is pointing at 49.61 while the volatility over the past week is 10.83% and jumps to 17.6% over the past one month. The beta value is 5.82, while the average true range (ATR) is currently pointing at 1.32. The average price target for the stock over the next 12 months is $1, with the estimates having a low of $1 and a high of $1. These price ends are -83.84% and -83.84% off the current price level respectively, although investors could be excited at the prospect of a -83.84% if the KODK share price touches on the median price of $1.
Let’s briefly compare Eastman (KODK) stock to its peers. We find that today’s price change of -4.77% and +138.1% over the past 12 months for KODK competes that of Koninklijke Philips Electronics (PHG), which has seen its stock price rise 1.13% in the latest trading session and is -0.24% over the last one year. Another of its peers K L A-Tencor Corp (KLAC) has climbed 1% today, and is +18.47% up over the past year, while Garmin Ltd (GRMN) is also down -4.77% yet its price remains in the green at 138.1% over the same period. Koninklijke has a P/E ratio of 36.1 compared to Eastman’s 0 and K’s 23.15. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.93% and 0.43%, respectively, in early deals.
Coming back to Eastman Kodak Company (NYSE:KODK), we note that the average 3-month trading volume was 22.96 Million, while that of the preceding 10-day period stands at 13.47 Million. Current shares outstanding are 75.68 Million.
According to data from Thomson Reuters, insiders hold 65.43% of the company’s shares while institutions hold 27.7%. The data shows that short shares as of August 30, 2020, stood at 16.54 Million at a short ratio of 0.62. This represents a 21.85% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 8.61 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +39.78% up in year-to-date price movement.