Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares, rose in value on Friday, November 01, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $22.87.
Actively observing the price movement in the last trading, the stock closed the session at $22.72, falling within a range of $22.754 and $23.195. The value of beta (5-year monthly) was 1.02 whereas the PE ratio was 345.47 over 12-month period. Referring to stock’s 52-week performance, its high was $25.91, and the low was $16.36. On the whole, KTOS has fluctuated by -9.17% over the past month.
With the market capitalization of Kratos Defense & Security Solutions Inc currently standing at about $3.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.14B, with a low estimate of 274M and a high estimate of 280M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 277.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KTOS’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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 172.73, with the price of KTOS currently trading nearly -6.52% and -2.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.80, while the 7-day volatility ratio is showing 2.91% which for the 30-day chart, stands at 2.55%. Furthermore, Kratos Defense & Security Solutions Inc (KTOS)’s beta value is 1.02, and its average true range (ATR) is 0.66.
A comparison of Kratos Defense & Security Solutions Inc (KTOS) with its peers suggests the former has fared considerably weaker in the market. KTOS showed an intraday change of 0.66% in last session, and over the past year, it grew by 32.81%%.
Data on historical trading for Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) indicates that the trading volumes over the past 10 days have averaged 0.68 and over the past 3 months, they’ve averaged 960.37K. According to company’s latest data on outstanding shares, there are 151.00 million shares outstanding.
Nearly 2.28% of Kratos Defense & Security Solutions Inc’s shares belong to company insiders and institutional investors own 84.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.37 million shares as on 2024-10-15, resulting in a short ratio of 2.8. According to the data, the short interest in Kratos Defense & Security Solutions Inc (KTOS) stood at 228.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.14 million. The stock has risen by 12.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KTOS stock heading into the next quarter.
