The trading price of Eastman Kodak Co (NYSE:KODK) closed lower on Monday, December 09, and closing at $6.79, -4.50% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.745 and $7.18. The company’s P/E ratio in the trailing 12-month period was 9.71, while its 5Y monthly beta was 3.65. In examining the 52-week price action we see that the stock hit a 52-week high of $7.74 and a 52-week low of $3.33. Over the past month, the stock has gained 24.82% in value.
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Eastman Kodak Co, whose market valuation is $567.46 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest KODK has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that KODK’s price is currently 13.77% off the SMA20 and 28.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.51, and weekly volatility stands at 7.72%. When measured over the past 30 days, the indicator reaches 9.37%. Eastman Kodak Co (NYSE:KODK)’s beta value is currently sitting at 3.69, while the Average True Range indicator is currently displaying 0.49.
To see how Eastman Kodak Co stock has been performing in comparison to its peers in the industry, here are the numbers: KODK stock’s performance was -4.50% in the latest trading, and 81.55% in the past year. Eastman Kodak Co has a P/E ratio of 9.71.
An evaluation of the daily trading volume of Eastman Kodak Co (NYSE:KODK) indicates that the 3-month average is 1.03 million. However, this figure has increased over the past 10 days to an average of 3.37.
Currently, records show that 80.40 million of the company’s shares remain outstanding. The insiders hold 22.13% of outstanding shares, whereas institutions hold 55.89%. The stats also highlight that short interest as of 2024-11-15, stood at 5.33 million shares, resulting in a short ratio of 8.23 at that time. From this, we can conclude that short interest is 1199.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 4.78 million. However, since the stock’s price has seen 74.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
