Kellanova (NYSE:K) shares, rose in value on Thursday, February 13, with the stock price up by 0.04% to the previous day’s close as strong demand from buyers drove the stock to $82.21.
Actively observing the price movement in the last trading, the stock closed the session at $82.18. The PE ratio was 21.24 over 12-month period. Referring to stock’s 52-week performance, its high was $82.34, and the low was $52.46. On the whole, K has fluctuated by 0.96% over the past month.
With the market capitalization of Kellanova currently standing at about $28.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 2.26, with its dividend yield at 2.75%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.03B, with a low estimate of 3.08B and a high estimate of 3.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.17B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that K’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 PEG ratio is about 5.74, with the price of K currently trading nearly 0.37% and 1.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.36, while the 7-day volatility ratio is showing 0.22% which for the 30-day chart, stands at 0.32%. Furthermore, Kellanova (K)’s beta value is 0.32, and its average true range (ATR) is 0.25.
A comparison of Kellanova (K) with its peers suggests the former has fared considerably weaker in the market. K showed an intraday change of 0.04% in last session, and over the past year, it grew by 50.43%%.
Data on historical trading for Kellanova (NYSE:K) indicates that the trading volumes over the past 3 months, they’ve averaged 2.09 million. According to company’s latest data on outstanding shares, there are 345.00 million shares outstanding.
Nearly 14.84% of Kellanova’s shares belong to company insiders and institutional investors own 66.35% of the company’s shares. The stock has risen by 1.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the K stock heading into the next quarter.
