Eastman Kodak Company (NYSE:KODK) price on Thursday, May 26, rose 5.04% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.38.
A look at the stock’s price movement, the close in the last trading session was $4.17, moving within a range at $4.17 and $4.47. The beta value (5-Year monthly) was 4.93 while the PE ratio in trailing twelve months stood at 4380.00. Turning to its 52-week performance, $11.26 and $3.45 were the 52-week high and 52-week low respectively. Overall, KODK moved -15.77% over the past month.
Eastman Kodak Company’s market cap currently stands at around $352.02 million, with investors looking forward to this quarter’s earnings report slated for Mar 14, 2022 – Mar 18, 2022.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that KODK is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend KODK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KODK’s current price about -7.86% and -21.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.16, while 7-day volatility ratio is 6.41% and 7.82% in the 30-day chart. Further, Eastman Kodak Company (KODK) has a beta value of 4.81, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $1.00, forecast between a low of $1.00 and high of $1.00. Looking at the price targets, the low is 77.17% off current price level while to achieve the yearly target high, price needs to move 77.17%. Nonetheless, investors will most likely welcome a 77.17% jump to $1.00 which is the analysts’ median price.
In the market, a comparison of Eastman Kodak Company (KODK) and its peers suggest the former has performed considerably stronger. Data shows KODK’s intraday price has changed 5.04% in last session and -40.97% over the past year. Comparatively, Novanta Inc. (NOVT) has moved 1.17% on the day and only -9.53% in the past 12 months. Looking at another peer, we see that Diebold Nixdorf Incorporated (DBD) price has gained 5.46% on the day. However, the stock is -77.67% off its price a year ago. Moreover, GoPro Inc. (GPRO) is also up 3.89% in trading on the day while keeping a a downtrend of -41.91% over the past year. If we look at the PE ratio, we find that Eastman Kodak Company’s ratio stands at 4380.00 compared to Novanta Inc.’s 77.35. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.99% and 1.61% respectively in the last trading.
If we refocus on Eastman Kodak Company (NYSE:KODK), historical trading data shows that trading volumes averaged 1.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 78.70 million shares.
The 1.20% of Eastman Kodak Company’s shares are in the hands of company insiders while institutional holders own 34.20% of the company’s shares. Current price change has pushed the stock -6.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KODK stock continues to rise going into the next quarter.