Kenvue Inc (NYSE:KVUE) shares, rose in value, with the stock price down by -0.65% to the previous day’s close as strong demand from buyers drove the stock to $22.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.32, falling within a range of $21.94 and $22.29. The PE ratio was 40.01 over 12-month period. Referring to stock’s 52-week performance, its high was $24.46, and the low was $17.67. On the whole, KVUE has fluctuated by -4.17% over the past month.
With the market capitalization of Kenvue Inc currently standing at about $42.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.81, with its dividend yield at 3.65%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.58B, with a low estimate of 3.75B and a high estimate of 3.86B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.79B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KVUE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.72, with the price of KVUE currently trading nearly -5.41% and -3.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.15, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 2.40%. Furthermore, Kenvue Inc (KVUE)’s beta value is 1.35, and its average true range (ATR) is 0.57.
A comparison of Kenvue Inc (KVUE) with its peers suggests the former has fared considerably weaker in the market. KVUE showed an intraday change of -0.65% in today’s session so far, and over the past year, it grew by 5.39%%.
Data on historical trading for Kenvue Inc (NYSE:KVUE) indicates that the trading volumes over the past 10 days have averaged 13.23 and over the past 3 months, they’ve averaged 15.37 million. According to company’s latest data on outstanding shares, there are 1.92 billion shares outstanding.
Nearly 0.03% of Kenvue Inc’s shares belong to company insiders and institutional investors own 99.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.41 million shares as on 2024-11-29, resulting in a short ratio of 2.74. According to the data, the short interest in Kenvue Inc (KVUE) stood at 222.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 38.5 million. The stock has risen by 3.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KVUE stock heading into the next quarter.
