WK Kellogg Co (NYSE:KLG) shares, rose in value on Friday, January 03, with the stock price up by 1.74% to the previous day’s close as strong demand from buyers drove the stock to $18.11.
Actively observing the price movement in the last trading, the stock closed the session at $17.80, falling within a range of $17.555 and $18.26. The PE ratio was 23.27 over 12-month period. Referring to stock’s 52-week performance, its high was $24.63, and the low was $12.32. On the whole, KLG has fluctuated by -12.85% over the past month.
With the market capitalization of WK Kellogg Co currently standing at about $1.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.64, with its dividend yield at 3.53%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KLG’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 Hold.
The stock’s technical analysis shows that the PEG ratio is about 6.25, with the price of KLG currently trading nearly -5.48% and -2.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.18, while the 7-day volatility ratio is showing 3.29% which for the 30-day chart, stands at 3.66%. Furthermore, WK Kellogg Co (KLG)’s beta value is 1.48, and its average true range (ATR) is 0.72.
A comparison of WK Kellogg Co (KLG) with its peers suggests the former has fared considerably weaker in the market. KLG showed an intraday change of 1.74% in last session, and over the past year, it grew by 33.65%%.
Data on historical trading for WK Kellogg Co (NYSE:KLG) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 900.61K. According to company’s latest data on outstanding shares, there are 85.98 million shares outstanding.
Nearly 24.43% of WK Kellogg Co’s shares belong to company insiders and institutional investors own 71.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.67 million shares as on 2024-12-13, resulting in a short ratio of 10.87. According to the data, the short interest in WK Kellogg Co (KLG) stood at 2453.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 10.33 million. The stock has risen by 0.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KLG stock heading into the next quarter.
