A share price of Kinetik Holdings Inc [KNTK] is currently trading at $42.16, up 3.61%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KNTK shares have gain 4.75% over the last week, with a monthly amount drifted -2.66%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Equal Weight rating on April 22, 2024, and set its price target to $40. On March 25, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $40 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $40 on March 08, 2024. In a note dated October 03, 2023, Pickering Energy Partners initiated an Neutral rating.
Kinetik Holdings Inc experienced fluctuations in its stock price throughout the past year between $31.31 and $45.27. Currently, Wall Street analysts expect the stock to reach $39.06 within the next 12 months. Kinetik Holdings Inc [NYSE: KNTK] shares were valued at $42.16 at the most recent close of the market. An investor can expect a potential drop of -7.35% based on the average KNTK price forecast.
Analyzing the KNTK fundamentals
Trailing Twelve Months sales for Kinetik Holdings Inc [NYSE:KNTK] were 1.42B which represents 30.07% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -0.43 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.85.
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 41.13 points at the first support level, and at 40.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.68, and for the 2nd resistance point, it is at 43.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kinetik Holdings Inc [NYSE:KNTK] is 0.58. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.77 and price to earnings (TTM) ratio is 16.40.
Transactions by insiders
Recent insider trading involved Wall Matthew, that happened on Mar 28 ’24 when 5750.0 shares were sold., Carpenter Todd completed a deal on Mar 28 ’24 to sell 2500.0 shares. Meanwhile, Howard Trevor sold 7000.0 shares on Mar 22 ’24.
