Kenvue Inc (NYSE:KVUE) shares, rose in value on Thursday, February 13, with the stock price up by 2.34% to the previous day’s close as strong demand from buyers drove the stock to $21.45.
Actively observing the price movement in the last trading, the stock closed the session at $20.96. The PE ratio was 40.21 over 12-month period. Referring to stock’s 52-week performance, its high was $24.46, and the low was $17.67. On the whole, KVUE has fluctuated by 2.00% over the past month.
With the market capitalization of Kenvue Inc currently standing at about $41.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.01, with its dividend yield at 4.73%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.44B, with a low estimate of 3.64B and a high estimate of 3.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.68B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KVUE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 7.57, with the price of KVUE currently trading nearly 2.35% and -0.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.07, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 2.19%. Furthermore, Kenvue Inc (KVUE)’s beta value is 1.39, and its average true range (ATR) is 0.50.
A comparison of Kenvue Inc (KVUE) with its peers suggests the former has fared considerably weaker in the market. KVUE showed an intraday change of 2.34% in last session, and over the past year, it grew by 9.49%%.
Data on historical trading for Kenvue Inc (NYSE:KVUE) indicates that the trading volumes over the past 3 months, they’ve averaged 12.56 million. According to company’s latest data on outstanding shares, there are 1.92 billion shares outstanding.
Nearly 0.29% of Kenvue Inc’s shares belong to company insiders and institutional investors own 101.08% of the company’s shares. The stock has risen by 0.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KVUE stock heading into the next quarter.
