At the time of writing, WK Kellogg Co [KLG] stock is trading at $17.80, up 2.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KLG shares have gain 5.58% over the last week, with a monthly amount drifted -4.15%, and not 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 July 10, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $17 from $24. Previously, Exane BNP Paribas downgraded its rating to Underperform on May 08, 2024, and kept the price target unchanged to $20. On December 14, 2023, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $13 on the stock. Evercore ISI started tracking the stock assigning a In-line rating and suggested a price target of $13 on November 13, 2023. Barclays initiated its recommendation with a Underweight and recommended $11 as its price target on November 06, 2023. JP Morgan started tracking with a Neutral rating for this stock on November 02, 2023, and assigned it a price target of $11. In a note dated October 18, 2023, TD Cowen initiated an Market Perform 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 $24.63. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. WK Kellogg Co [NYSE: KLG] shares were valued at $17.80 at the most recent close of the market. An investor can expect a potential drop of -15.73% based on the average KLG price forecast.
Analyzing the KLG fundamentals
According to WK Kellogg Co [NYSE:KLG], the company’s sales were 2.72B for trailing twelve months, which represents an -4.00% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.42 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.54.
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 17.41 points at the first support level, and at 17.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.09, and for the 2nd resistance point, it is at 18.38.
Ratios To Look Out For
It is important to note that WK Kellogg Co [NYSE:KLG] has a current ratio of 0.83. In addition, the Quick Ratio stands at 0.36 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 4.55 and price to earnings (TTM) ratio is 12.75.
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 Growth Officer VanDeVelde Doug bought 18700.0 shares on Nov 13 ’23.
