At the time of writing, WK Kellogg Co [KLG] stock is trading at $20.92, down -3.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KLG shares have gain 3.92% over the last week, with a monthly amount glided 32.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
WK Kellogg Co [NYSE: KLG] stock has seen the most recent analyst activity on December 14, 2023, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $13. Previously, Evercore ISI started tracking the stock with In-line rating on November 13, 2023, and set its price target to $13. On November 06, 2023, Barclays initiated with a Underweight rating and assigned a price target of $11 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $11 on November 02, 2023. TD Cowen initiated its recommendation with a Market Perform and recommended $11 as its price target on October 18, 2023. BofA Securities started tracking with a Neutral rating for this stock on October 16, 2023, and assigned it a price target of $11.50. In a note dated October 06, 2023, Stifel initiated an Hold rating and provided a target price of $11 on this stock.
For the past year, the stock price of WK Kellogg Co fluctuated between $9.65 and $21.60. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. WK Kellogg Co [NYSE: KLG] shares were valued at $20.92 at the most recent close of the market. An investor can expect a potential drop of -47.42% based on the average KLG price forecast.
Analyzing the KLG fundamentals
Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.26 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.51 points at the first support level, and at 20.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.56, and for the 2nd resistance point, it is at 22.21.
Ratios To Look Out For
It is important to note that WK Kellogg Co [NYSE:KLG] has a current ratio of 0.84. As well, the Quick Ratio is 0.43, while the Cash Ratio is 0.11.
Transactions by insiders
Recent insider trading involved MURGUIA RAMON, Director, that happened on Feb 28 ’24 when 1000.0 shares were purchased. Chief Supply Chain Officer, Brice Sherry completed a deal on Nov 22 ’23 to buy 3150.0 shares. Meanwhile, Chief Supply Chain Officer Brice Sherry bought 5580.0 shares on Nov 14 ’23.
