The trading price of Eastman Kodak Co (NYSE:KODK) closed lower on Tuesday, March 04, and closing at $6.46, -4.15% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 9.24. In examining the 52-week price action we see that the stock hit a 52-week high of $8.24 and a 52-week low of $4.26. Over the past month, the stock has lost -12.58% in value.
Eastman Kodak Co, whose market valuation is $519.39 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest KODK has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that KODK’s price is currently -12.33% off the SMA20 and -8.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.00, and weekly volatility stands at 5.43%. When measured over the past 30 days, the indicator reaches 6.24%. Eastman Kodak Co (NYSE:KODK)’s beta value is currently sitting at 3.71, while the Average True Range indicator is currently displaying 0.43.
To see how Eastman Kodak Co stock has been performing in comparison to its peers in the industry, here are the numbers: KODK stock’s performance was -4.15% in the latest trading, and 20.97% in the past year, while Novanta Inc. (NOVT) has traded -2.47%% on the day and positioned -17.60% lower than it was a year ago. Another comparable company GoPro Inc. (GPRO) saw its stock close 0.98%% higher in the most recent trading session but was down -67.12% in a year. Eastman Kodak Co has a P/E ratio of 9.24, compared to Novanta Inc.’s 78.82 and GoPro Inc.’s 0.
An evaluation of the daily trading volume of Eastman Kodak Co (NYSE:KODK) indicates that the 3-month average is 1.25 million.
Currently, records show that 80.40 million of the company’s shares remain outstanding. The insiders hold 22.22% of outstanding shares, whereas institutions hold 53.64%. However, since the stock’s price has seen -1.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
