Kodiak Gas Services Inc (NYSE:KGS) shares, rose in value on Friday, January 24, with the stock price up by 1.66% to the previous day’s close as strong demand from buyers drove the stock to $49.61.
Actively observing the price movement in the last trading, the stock closed the session at $48.80, falling within a range of $48.4 and $49.72. The PE ratio was 165.37 over 12-month period. Referring to stock’s 52-week performance, its high was $49.45, and the low was $22.41. On the whole, KGS has fluctuated by 24.65% over the past month.
With the market capitalization of Kodiak Gas Services Inc currently standing at about $4.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.58, with its dividend yield at 3.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.17B, with a low estimate of 315.3M and a high estimate of 336.56M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 323.08M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KGS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 price of KGS currently trading nearly 12.24% and 19.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.20, while the 7-day volatility ratio is showing 2.94% which for the 30-day chart, stands at 3.05%. Furthermore, Kodiak Gas Services Inc (KGS)’s beta value is 1.13, and its average true range (ATR) is 1.41.
A comparison of Kodiak Gas Services Inc (KGS) with its peers suggests the former has fared considerably weaker in the market. KGS showed an intraday change of 1.66% in last session, and over the past year, it grew by 121.28%%.
Data on historical trading for Kodiak Gas Services Inc (NYSE:KGS) indicates that the trading volumes over the past 10 days have averaged 0.85 and over the past 3 months, they’ve averaged 855.76K. According to company’s latest data on outstanding shares, there are 84.51 million shares outstanding.
Nearly 47.77% of Kodiak Gas Services Inc’s shares belong to company insiders and institutional investors own 37.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.51 million shares as on 2024-12-31, resulting in a short ratio of 3.32. According to the data, the short interest in Kodiak Gas Services Inc (KGS) stood at 1244.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 2.15 million. The stock has risen by 21.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KGS stock heading into the next quarter.
