World Kinect Corp (NYSE:WKC) shares, rose in value on Friday, November 01, with the stock price up by 0.50% to the previous day’s close as strong demand from buyers drove the stock to $26.28.
Actively observing the price movement in the last trading, the stock closed the session at $26.15, falling within a range of $26.15 and $26.89. The value of beta (5-year monthly) was 1.255 whereas the PE ratio was 11.69 over 12-month period. Referring to stock’s 52-week performance, its high was $31.70, and the low was $18.29. On the whole, WKC has fluctuated by -14.62% over the past month.
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With the market capitalization of World Kinect Corp currently standing at about $1.53 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-20. The company’s Forward Dividend Ratio is 0.65, with its dividend yield at 2.47%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 43.83B, with a low estimate of 10.61B and a high estimate of 11.11B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.78B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WKC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy 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 0.96, with the price of WKC currently trading nearly -10.87% and -10.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.90, while the 7-day volatility ratio is showing 2.99% which for the 30-day chart, stands at 2.69%. Furthermore, World Kinect Corp (WKC)’s beta value is 1.27, and its average true range (ATR) is 0.90.
A comparison of World Kinect Corp (WKC) with its peers suggests the former has fared considerably weaker in the market. WKC showed an intraday change of 0.50% in last session, and over the past year, it grew by 40.31%%.
Data on historical trading for World Kinect Corp (NYSE:WKC) indicates that the trading volumes over the past 10 days have averaged 1.18 and over the past 3 months, they’ve averaged 920.07K. According to company’s latest data on outstanding shares, there are 59.80 million shares outstanding.
Nearly 3.32% of World Kinect Corp’s shares belong to company insiders and institutional investors own 107.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.54 million shares as on 2024-10-15, resulting in a short ratio of 4.57. According to the data, the short interest in World Kinect Corp (WKC) stood at 1462.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 5.73 million. The stock has risen by 15.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WKC stock heading into the next quarter.
