Eastman Kodak Co (NYSE:KODK) shares, rose in value on Thursday, February 13, with the stock price up by 7.07% to the previous day’s close as strong demand from buyers drove the stock to $8.03.
Actively observing the price movement in the last trading, the stock closed the session at $7.50. The PE ratio was 11.48 over 12-month period. Referring to stock’s 52-week performance, its high was $8.24, and the low was $3.37. On the whole, KODK has fluctuated by 24.50% over the past month.
With the market capitalization of Eastman Kodak Co currently standing at about $645.61 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KODK’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 KODK currently trading nearly 8.76% and 14.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.80, while the 7-day volatility ratio is showing 5.87% which for the 30-day chart, stands at 6.39%. Furthermore, Eastman Kodak Co (KODK)’s beta value is 3.75, and its average true range (ATR) is 0.45.
A comparison of Eastman Kodak Co (KODK) with its peers suggests the former has fared considerably weaker in the market. KODK showed an intraday change of 7.07% in last session, and over the past year, it grew by 120.00%%.
Data on historical trading for Eastman Kodak Co (NYSE:KODK) indicates that the trading volumes over the past 3 months, they’ve averaged 1.65 million. According to company’s latest data on outstanding shares, there are 80.40 million shares outstanding.
Nearly 22.14% of Eastman Kodak Co’s shares belong to company insiders and institutional investors own 55.22% of the company’s shares. The stock has risen by 22.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KODK stock heading into the next quarter.
