Eastman Kodak Company (NYSE:KODK) price is hovering lower on Wednesday, September 15, dropping -1.23% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.93, with intraday deals fluctuating between $6.90 and $7.26. The company’s 5Y monthly beta was ticking 5.35. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.18 and 52-week low of $5.94. The stock subtracted -6.98% on its value in the past month.
Eastman Kodak Company, which has a market valuation of $563.20 million, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give KODK a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned KODK a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Eastman Kodak Company (KODK) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that KODK’s price is at present -3.42% off the SMA20 and -6.58% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.13, with weekly volatility standing at 4.67%. The indicator jumps to 4.11% when calculated based on the past 30 days. Eastman Kodak Company (NYSE:KODK)’s beta value is holding at 5.34, while the average true range (ATR) indicator is currently reading 0.30. Considering analysts have assigned the stock a price target range of $1.00-$1.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.00. Based on this estimate, we see that today’s price at last check is roughly 85.38% off the estimated low and 85.38% off the forecast high. Investors will no doubt be excited to see the share price rise to $1.00, which is the median consensus price, and at that level KODK would be 85.38% from recent price.
Turning out attention to how the Eastman Kodak Company stock has performed in comparison to its peers in the industry, here’s what we find: KODK’s stock is -1.23% on the day and 6.62% in the past 12 months, while Novanta Inc. (NOVT) traded -0.14% in the latest session and is positioned 52.31% up on its price 12 months ago. Another comparison is with Diebold Nixdorf Incorporated (DBD) whose stock price is down -2.20% in the current trading session, and has flourished 28.55% over the past year. Also, GoPro Inc. (GPRO) is currently showing down trend of -1.70% while its price kept floating at 144.42% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.25% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.24%.
An analysis of the Eastman Kodak Company (NYSE:KODK) stock in terms of its daily trading volume indicates that the 3-month average is 1.77 million.
Current records show that the company has 78.50M in outstanding shares. The insiders’ percentage holdings are 6.30% of outstanding shares while the percentage share held by institutions stands at 26.10%. But the -14.86% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.