At the time of writing, World Kinect Corp [WKC] stock is trading at $31.40, up 1.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WKC shares have gain 8.28% over the last week, with a monthly amount glided 13.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
World Kinect Corp [NYSE: WKC] stock has seen the most recent analyst activity on September 16, 2024, when Morgan Stanley downgraded its rating to a Underweight but kept the price target unchanged to $28 for it. Previously, JP Morgan started tracking the stock with Neutral rating on February 21, 2024, and set its price target to $25. On November 06, 2023, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $24 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $30 on July 06, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $22 on June 26, 2023. Stifel upgraded its rating to Buy for this stock on May 18, 2022, but kept the price target unchanged to $35. In a note dated January 20, 2022, BofA Securities upgraded an Buy rating on this stock but restated the target price of $32.
For the past year, the stock price of World Kinect Corp fluctuated between $17.69 and $30.97. Currently, Wall Street analysts expect the stock to reach $29.33 within the next 12 months. World Kinect Corp [NYSE: WKC] shares were valued at $31.40 at the most recent close of the market. An investor can expect a potential drop of -6.59% based on the average WKC price forecast.
Analyzing the WKC fundamentals
According to World Kinect Corp [NYSE:WKC], the company’s sales were 46.18B for trailing twelve months, which represents an -0.20% plunge. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 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 0.42.
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 30.65 points at the first support level, and at 29.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.93, and for the 2nd resistance point, it is at 32.46.
Ratios To Look Out For
It is important to note that World Kinect Corp [NYSE:WKC] has a current ratio of 1.15. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 13.90.
Transactions by insiders
Recent insider trading involved KASBAR MICHAEL J, Chairman, CEO and President, that happened on Aug 19 ’24 when 58948.0 shares were sold. Officer, KASBAR MICHAEL J completed a deal on Aug 19 ’24 to buy 58948.0 shares. Meanwhile, Director STEBBINS PAUL H sold 34264.0 shares on Aug 01 ’24.
