Eastman Kodak Co (NYSE:KODK) shares, rose in value on Wednesday, November 20, with price up by 4.37% to the previous day’s close as strong demand from buyers drove the stock to $5.49.
Actively observing the price movement in the last trading, the stock closed the session at $5.26, falling within a range of $5.14 and $5.56. The value of beta (5-year monthly) was 3.65 whereas the PE ratio was 7.85 over 12-month period. Referring to stock’s 52-week performance, its high was $6.18, and the low was $3.33. On the whole, KODK has fluctuated by 16.81% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Eastman Kodak Co currently standing at about $441.39 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KODK’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% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of KODK currently trading nearly 10.10% and 12.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.41, while the 7-day volatility ratio is showing 8.42% which for the 30-day chart, stands at 6.28%. Furthermore, Eastman Kodak Co (KODK)’s beta value is 3.66, and its average true range (ATR) is 0.31.
A comparison of Eastman Kodak Co (KODK) with its peers suggests the former has fared considerably weaker in the market. KODK showed an intraday change of 4.37% in last session, and over the past year, it grew by 46.79%%.
Data on historical trading for Eastman Kodak Co (NYSE:KODK) indicates that the trading volumes over the past 10 days have averaged 1.24 and over the past 3 months, they’ve averaged 542.28K. According to company’s latest data on outstanding shares, there are 79.60 million shares outstanding.
Nearly 21.99% of Eastman Kodak Co’s shares belong to company insiders and institutional investors own 55.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.85 million shares as on 2024-10-31, resulting in a short ratio of 11.45. According to the data, the short interest in Eastman Kodak Co (KODK) stood at 1093.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.91 million. The stock has risen by 40.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KODK stock heading into the next quarter.
