WK Kellogg Co (NYSE:KLG) price on current trading day, fall -1.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.38.
A look at the stock’s price movement, the close in the last trading session was $20.72, moving within a range at $20.07 and $20.92. The PE ratio in trailing twelve months stood at 26.19. Turning to its 52-week performance, $24.63 and $11.35 were the 52-week high and 52-week low respectively. Overall, KLG moved 21.02% over the past month.
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WK Kellogg Co’s market cap currently stands at around $1.73 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.64, with its dividend yield at 3.14%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 650M for the company’s revenue for the quarter, with a low and high estimate of 644M and 657M respectively. The average forecast suggests down to a -0.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.72B, representing a -1.66% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KLG is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend KLG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.62, with KLG’s current price about 6.97% and 13.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.22, while 7-day volatility ratio is 3.50% and 5.12% in the 30-day chart. Further, WK Kellogg Co (KLG) has a beta value of 1.18, and an average true range (ATR) of 0.84. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $11 and high of $19. Looking at the price targets, the low is 46.03% off current price level while to achieve the yearly target high, price needs to move 6.77%. Nonetheless, investors will most likely welcome a 26.4% jump to $15 which is the analysts’ median price.
If we refocus on WK Kellogg Co (NYSE:KLG), historical trading data shows that trading volumes averaged 1.26 over the past 10 days and 892.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 85.98 million shares.
The 24.49% of WK Kellogg Co’s shares are in the hands of company insiders while institutional holders own 71.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.33 million on 2024-11-15, giving us a short ratio of 11.45. The data shows that as of 2024-11-15 short interest in WK Kellogg Co (KLG) stood at 2170.9999999999995 of shares outstanding, with shares short rising to 9.74 million registered in 2024-10-15. Current price change has pushed the stock 55.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KLG stock continues to rise going into the next quarter.
