WK Kellogg Co (NYSE:KLG) shares, rose in value on Friday, November 01, with the stock price up by 0.60% to the previous day’s close as strong demand from buyers drove the stock to $16.73.
Actively observing the price movement in the last trading, the stock closed the session at $16.63, falling within a range of $16.685 and $17.05. The PE ratio was 11.98 over 12-month period. Referring to stock’s 52-week performance, its high was $24.63, and the low was $9.82. On the whole, KLG has fluctuated by 0.12% over the past month.
With the market capitalization of WK Kellogg Co currently standing at about $1.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07. The company’s Forward Dividend Ratio is 0.64, with its dividend yield at 3.83%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KLG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.60, with the price of KLG currently trading nearly -3.36% and -4.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.03, while the 7-day volatility ratio is showing 2.41% which for the 30-day chart, stands at 2.95%. Furthermore, WK Kellogg Co (KLG)’s beta value is 0.73, and its average true range (ATR) is 0.53.
A comparison of WK Kellogg Co (KLG) with its peers suggests the former has fared considerably weaker in the market. KLG showed an intraday change of 0.60% in last session, and over the past year, it grew by 66.63%%.
Data on historical trading for WK Kellogg Co (NYSE:KLG) indicates that the trading volumes over the past 10 days have averaged 0.56 and over the past 3 months, they’ve averaged 824.94K. According to company’s latest data on outstanding shares, there are 85.81 million shares outstanding.
Nearly 24.20% of WK Kellogg Co’s shares belong to company insiders and institutional investors own 69.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.74 million shares as on 2024-10-15, resulting in a short ratio of 13.87. According to the data, the short interest in WK Kellogg Co (KLG) stood at 2056.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 10.38 million. The stock has risen by 27.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KLG stock heading into the next quarter.
