Kodiak Gas Services Inc (NYSE:KGS) shares, rose in value on Friday, November 22, with the stock price down by -1.49% to the previous day’s close as strong demand from buyers drove the stock to $40.44.
Actively observing the price movement in the last trading, the stock closed the session at $41.05, falling within a range of $40.24 and $41.25. The PE ratio was 134.80 over 12-month period. Referring to stock’s 52-week performance, its high was $41.17, and the low was $17.50. On the whole, KGS has fluctuated by 31.73% over the past month.
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With the market capitalization of Kodiak Gas Services Inc currently standing at about $3.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.58, with its dividend yield at 3.91%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.16B, with a low estimate of 309.07M and a high estimate of 330.24M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 317.99M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KGS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 price of KGS currently trading nearly 14.99% and 25.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.53, while the 7-day volatility ratio is showing 3.40% which for the 30-day chart, stands at 3.29%. Furthermore, Kodiak Gas Services Inc (KGS)’s beta value is 0.94, and its average true range (ATR) is 1.18.
A comparison of Kodiak Gas Services Inc (KGS) with its peers suggests the former has fared considerably weaker in the market. KGS showed an intraday change of -1.49% in last session, and over the past year, it grew by 120.86%%.
Data on historical trading for Kodiak Gas Services Inc (NYSE:KGS) indicates that the trading volumes over the past 10 days have averaged 0.8 and over the past 3 months, they’ve averaged 689.14K. According to company’s latest data on outstanding shares, there are 77.40 million shares outstanding.
Nearly 64.93% of Kodiak Gas Services Inc’s shares belong to company insiders and institutional investors own 36.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.17 million shares as on 2024-10-31, resulting in a short ratio of 5.42. According to the data, the short interest in Kodiak Gas Services Inc (KGS) stood at 1297.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.31 million. The stock has risen by 101.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KGS stock heading into the next quarter.
