Kroger Co (NYSE:KR) shares, rose in value, with the stock price up by 1.56% to the previous day’s close as strong demand from buyers drove the stock to $68.00.
Actively observing the price movement in the recent trading, the stock is buoying the session at $66.95. The PE ratio was 18.49 over 12-month period. Referring to stock’s 52-week performance, its high was $73.63, and the low was $49.04. On the whole, KR has fluctuated by -5.84% over the past month.
With the market capitalization of Kroger Co currently standing at about $45.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 1.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 149.51B, with a low estimate of 44.67B and a high estimate of 46.22B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 45.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 2.39, with the price of KR currently trading nearly -2.00% and -1.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.76, while the 7-day volatility ratio is showing 0.97% which for the 30-day chart, stands at 1.41%. Furthermore, Kroger Co (KR)’s beta value is 0.57, and its average true range (ATR) is 1.55.
A comparison of Kroger Co (KR) with its peers suggests the former has fared considerably weaker in the market. KR showed an intraday change of 1.56% in today’s session so far, and over the past year, it grew by 29.99%%.
Data on historical trading for Kroger Co (NYSE:KR) indicates that the trading volumes over the past 3 months, they’ve averaged 7.92 million. According to company’s latest data on outstanding shares, there are 665.85 million shares outstanding.
Nearly 0.85% of Kroger Co’s shares belong to company insiders and institutional investors own 87.77% of the company’s shares. The stock has risen by 11.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KR stock heading into the next quarter.
