Eastman Kodak Co (NYSE:KODK) price on Wednesday, December 04, rose 4.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.96.
A look at the stock’s price movement, the close in the last trading session was $6.68, moving within a range at $6.475 and $6.995. The beta value (5-Year monthly) was 3.65 while the PE ratio in trailing twelve months stood at 9.95. Turning to its 52-week performance, $7.74 and $3.33 were the 52-week high and 52-week low respectively. Overall, KODK moved 48.09% over the past month.
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Eastman Kodak Co’s market cap currently stands at around $559.58 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KODK is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
KODK’s current price about 21.11% and 34.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.91, while 7-day volatility ratio is 9.46% and 9.47% in the 30-day chart. Further, Eastman Kodak Co (KODK) has a beta value of 3.70, and an average true range (ATR) of 0.50.
If we refocus on Eastman Kodak Co (NYSE:KODK), historical trading data shows that trading volumes averaged 3.2 over the past 10 days and 955.71K over the past 3 months. The company’s latest data on shares outstanding shows there are 80.40 million shares.
The 21.99% of Eastman Kodak Co’s shares are in the hands of company insiders while institutional holders own 55.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.33 million on 2024-11-15, giving us a short ratio of 8.23. The data shows that as of 2024-11-15 short interest in Eastman Kodak Co (KODK) stood at 1198.9999599999999 of shares outstanding, with shares short rising to 4.78 million registered in 2024-10-15. Current price change has pushed the stock 78.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KODK stock continues to rise going into the next quarter.
