Kroger Co (NYSE:KR) shares, rose in value on Wednesday, January 22, with the stock price down by -0.47% to the previous day’s close as strong demand from buyers drove the stock to $58.76.
Actively observing the price movement in the last trading, the stock closed the session at $59.04, falling within a range of $58.58 and $59.19. The value of beta (5-year monthly) was 0.471 whereas the PE ratio was 15.55 over 12-month period. Referring to stock’s 52-week performance, its high was $63.59, and the low was $44.48. On the whole, KR has fluctuated by -3.50% over the past month.
With the market capitalization of Kroger Co currently standing at about $42.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.22, with its dividend yield at 2.08%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 147.83B, with a low estimate of 33.91B and a high estimate of 37.74B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 34.87B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KR’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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.11, with the price of KR currently trading nearly -2.57% and -2.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.05, while the 7-day volatility ratio is showing 1.59% which for the 30-day chart, stands at 1.93%. Furthermore, Kroger Co (KR)’s beta value is 0.46, and its average true range (ATR) is 1.19.
A comparison of Kroger Co (KR) with its peers suggests the former has fared considerably weaker in the market. KR showed an intraday change of -0.47% in last session, and over the past year, it grew by 27.91%%.
Data on historical trading for Kroger Co (NYSE:KR) indicates that the trading volumes over the past 10 days have averaged 5.2 and over the past 3 months, they’ve averaged 5.29 million. According to company’s latest data on outstanding shares, there are 724.00 million shares outstanding.
Nearly 0.80% of Kroger Co’s shares belong to company insiders and institutional investors own 81.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.27 million shares as on 2024-11-15, resulting in a short ratio of 2.54. According to the data, the short interest in Kroger Co (KR) stood at 130.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 9.68 million. The stock has fallen by -3.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KR stock heading into the next quarter.
