Eastman Kodak Co (KODK) Has A Gold Mine On Its Hands

Eastman Kodak Co (NYSE:KODK) concluded the trading at $7.14 on Wednesday, November 27, with a rise of 7.85% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $6.62 and 5Y monthly beta was reading 3.65 with its price kept floating in the range of $6.78 and $7.5 on the day. Company’s P/E ratio for the trailing 12 months is 10.21. Considering stock’s 52-week price range provides that KODK hit a high price of $6.89 and saw its price falling to a low level of $3.33 during that period. Over a period of past 1-month, stock came adding 44.53% in its value.

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In contrast, when we review KODK stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the KODK stock which is currently positioned at 0. It further provides that stock’s current price level is 34.73% away from its 20-day simple moving average and is 42.95% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 74.87 while volatility remained at 12.51% over the past week which changes to 8.30% when measuring it over the past month. Beta is valued at 3.70, while measure of average true range or ATR is currently at 0.46.

Having a second look at Eastman Kodak Co (NYSE:KODK) provides that stock’s average daily trading volume for 3 months was 735.55K, while it jumped to 2775560 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 79.60 million.

The percentage of outstanding shares held by the insiders is 21.99% while it is 55.87% for the institutional holders. The figures also indicate that as of 2024-11-15, number of stock’s short shares was 5.33 million which implies a short ratio of 8.23. This shows up a 1199.00 of Short Interest in company’s outstanding shares on the day. In November the standing of shares short improved as it was 4.78 million in the previous month. Addition of 83.08% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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